Parties Brief Sovereign Immunity In Suit Over Microcaptive Reporting

(February 27, 2024, 3:39 PM EST) -- SALT LAKE CITY — Following a dismissal motion hearing in a case over a 2016 Internal Revenue Service reporting requirement for microcaptive insurance companies, the U.S. government and the plaintiffs have filed supplemental briefs at the direction of a Utah federal judge to address whether sovereign immunity bars certain monetary relief....