The Commonwealth of Massachusetts is suing my friend, Comcast, for $250,000,000. The Commonwealth alleges that in 1996 - eleven years ago - when Continental Cablevision was sold to US West the deal was structured to avoid capital gains taxes in Massachusetts. Comcast eventually bought enough companies so that in 2002 it inherited the remains of Continental Cablevision.
While I have no fondness for Comcast, it seems that the Commonwealth is really stretching here.
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