3rd Circ. Affirms Tax On Interest In $191M Pharma Family Feud

By Anna Scott Farrell · October 30, 2025, 3:11 PM EDT

A pharmaceutical company's $191 million payment settling a family feud was for the sale of a family trust's ownership shares and included interest taxed as ordinary income, the Third Circuit said...

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Case Information

Case Title

Charles G. Berwind Trust, et al v. Commissioner of Internal Revenue

Case Number

24-2360

Court

Appellate - 3rd Circuit

Nature of Suit

tax court 

Date Filed

July 30, 2024


Case Title

Russell Shappy, Jr., et al v. Commissioner of Internal Revenue

Case Number

24-2362

Court

Appellate - 3rd Circuit

Nature of Suit

tax court 

Date Filed

July 30, 2024


Case Title

D. Berwind, Jr., et al v. Commissioner of Internal Revenue

Case Number

24-2364

Court

Appellate - 3rd Circuit

Nature of Suit

tax court 

Date Filed

July 30, 2024