The United States Court of Appeals for the District of Columbia Circuit heard arguments in case No. 26-5006 on May 12, 2026. The appeal involves the Center for Taxpayer Rights as appellees and the Internal Revenue Service as appellants.
This case holds significant implications for practitioners and businesses, particularly those incorporated in Delaware or engaged in transactions governed by Delaware law. The Delaware Court of Chancery is globally recognized for its specialized expertise in corporate law, equity, and complex commercial disputes. Its rulings often establish influential precedents in areas such as corporate governance, mergers and acquisitions, shareholder rights, and contractual interpretation. The mere filing of a case in this court signals a dispute of potentially high value or intricate legal questions, warranting attention from legal professionals advising corporate clients.
New York homeowners, represented by Randy Mastro of Dechert LLP, are suing the city over allegedly wrongful notices for a new pied-à-terre tax. The lawsuit challenges the Mamdani administration's rollout of the tax, which targets second homes valued over $5 million and second condos/co-ops over $1 m
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