Facts

AT&T Corp. sued the City of Los Angeles, seeking a refund of taxes.

PLAINTIFF'S CONTENTIONS:
Defendant audited plaintiff and allegedly found plaintiff underpaid taxes for the years 2006, 2007, and 2008 in the amount of $585,224. Defendant thereafter issued another assessment and penalties in the amount of $774,660. Plaintiff claimed that the assessments were imposed years after the expiration of the extended statute of limitations that plaintiff had previously agreed on. Plaintiff timely filed a protest, which resulted in a partial win for plaintiff. Following an appeal, plaintiff paid the disputed taxes plus interest and penalties, totaling $934,141. Plaintiff then filed a refund claim, but was denied. Plaintiff then filed this action, asserting its entitlement to a full refund on statute of limitations grounds. Plaintiff also asserted causes of action for federal excise tax exclusion and improper imposition of penalties.

DEFENDANT'S CONTENTIONS:
Defendant denied the allegations and asserted various affirmative defenses.

Result

The city settled the dispute for $595,178.

Other Information

FILING DATE: Sept. 10, 2015.