January 15, 1998
Supreme Court Cites New Law in Pushing to Dismiss Controversial Texas Annuities Case
THOMAS J. BILLITERI
The U.S. Supreme Court has given a strong signal that it wants a bitterly contested lawsuit against charities that offer gift annuities to come to an end.
In a two-sentence order in December, the justices nullified a decision by the U.S. Court of Appeals for the Fifth Circuit, which last spring refused to dismiss the lawsuit. The Supreme Court told the appellate court to reconsider the suit in light of a federal law enacted last summer
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