3rd Circuit Rules Against Delaware Regulators In Case Over Microcaptive Info

Mealey's (April 24, 2023, 1:12 PM EDT) -- PHILADELPHIA — Affirming a decision for the United States in a case that “pits Delaware’s authority to protect corporate privacy against the power of the IRS to enforce the tax laws of the United States,” a Third Circuit U.S. Court of Appeals panel on April 21 ruled that a threshold requirement for application of reverse-preemption under the McCarran-Ferguson Act (MFA) was not met....