Opinion
18-md-2865 (LAK)
03-29-2022
In re CUSTOMS AND TAX ADMINISTRATION OF THE KINGDOM OF DENMARK (SKATTEFORVALTNINGEN) TAX REFUND SCHEME LITIGATION This document relates to case no. 18-cv-09492.
HUGHES HUBBARD & REED LLP Marc A. Weinstein Neil J. Oxford Dustin P. Smith Counsel for Plaintiff Skatteforvaltningen (Customs and Tax Administration of the Kingdom of Denmark) SEWARD & KISSEL LLP Mark J. Hyland Thomas Ross Hooper Counsel for Bluegrass Investment Management, LLC
HUGHES HUBBARD & REED LLP Marc A. Weinstein Neil J. Oxford Dustin P. Smith Counsel for Plaintiff Skatteforvaltningen (Customs and Tax Administration of the Kingdom of Denmark)
SEWARD & KISSEL LLP Mark J. Hyland Thomas Ross Hooper Counsel for Bluegrass Investment Management, LLC
[PROPOSED] CONSENT JUDGMENT
LEWIS A. KAPLAN, UNITED STATED DISTRICT JUDGE.
WHEREAS, on June 14, 2018, plaintiff Skatteforvaltningen ("SKAT") commenced this action against defendants Tew, LP Retirement Plan ("Tew LP"-) and Vincent Tew, and on April 24, 2020, SKAT filed an amended complaint against the defendants (the foregoing collectively hereinafter referred to as the "Action");
WHEREAS, SKAT and defendant Tew LP now wish to resolve all the claims SKAT asserted in the Action against Tew LP;
NOW THEREFORE, without trial or adjudication of issue of fact or law, and upon Tew LP's consent, the Court finds that there is good and sufficient cause to enter this Consent Judgment, and that IT IS THEREFORE ORDERED, ADJUDGED, AND DECREED THAT:
1. This Consent Judgment is hereby entered in favor of plaintiff SKAT against defendant Tew LP in the amount of $2,425,000 (US); and
2. Defendant Tew LP shall be liable to pay the amount set forth in paragraph 1.
3. Each party shall bear its own attorneys' fees and costs.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Consent Judgment.
SO ORDERED.