STATEMENT OF ASSISTANT ATTORNEY GENERAL EILEEN J. O’CONNOR ON BLACK & DECKER CORPORATION V. UNITED STATES OF AMERICA

The following press release was published by the US Department of Justice on Oct. 21, 2004. It is reproduced in full below.

FOR IMMEDIATE RELEASE THURSDAY, OCTOBER 21, 2004 WWW.USDOJ.GOV TAX (202) 514-2008 TDD (202) 514-1888 Eileen J. O’Connor, Assistant Attorney General for the Tax Division, issued the following statement regarding Black & Decker v. United States of America, a “contingent liability” tax shelter case filed in U.S. District Court for the District of Maryland. The court today granted Black & Decker’s motion for summary judgment: “We are disappointed in the court’s decision. We believe our position in this case is supported by the facts and the relevant law. The Department is considering its options.” 04-713

Source: US Department of Justice