Skatteforvaltningen v. The Stor Capital Consulting LLC 401K Plan

District Court, S.D. New York·Decided August 5, 2024·No. 1:18-cv-04434·Unknown

Opinion

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UNITED STATES DISTRICT COURT eee ange □□□□ SOUTHERN DISTRICT OF NEW YORK Dan. — In re . pate bo RLS/24. □ CUSTOMS AND TAX ADMINISTRATION MASTER DOCKET OF THE KINGDOM OF DENMARK (SKATTEFORVALTNINGEN) TAX REFUND 18-md-2865 (LAK) SCHEME LITIGATION This document relates to case nos.: 18-cv-07828; 19-cy-01785; 19-cv-01867; 19-cv- 01893; 19-cv-01781; 19-cv-01783; 19-cv-01866; 19-cv-01895; 19-cv-01794; 19-cv-01865; 19-cv- 01904; 19-cv-01798; 19-cv-01869; 19-cv-01922; 19-cv-01800; 19-cv-01788; 19-cv-01870; E8-cv- 07827; 19-cv-01791; 19-cv-01792; 19-cv-01928; 19-cv-01926; 19-cy-01868; 18-cv-07824; 19-cv- 01929; 19-cv-01803; 19-cv-01806; 19-cv-01906; 19-cv-O01801; 19-cv-01894; 19-cvy-01808; 19-cv- 01810; 19-cv-01809; 18-cv-04833; 19-cv-01911; 19-cy-01898; 19-cv-01812; 19-cv-01896; 19-cv- 01871; 19-cv-01813; 19-cv-01930; 18-cv-07829; 18-cv-04434; 19-cv-01815; 19-cv-01818; 19-cy- 01931; 19-cv-01918; 19-cv-01873; 19-cv-01924; 19-cv-10713; 21-cv-05339,

NOTICE OF PLAINTIFF SKATTEFORVALTNINGEN’S MOTION TO EXCLUDE THE PROPOSED TESTIMONY OF DEFENSE EXPERTS MICHAEL S. ROSS, C. FREDERICK REISH, AND KASPER B. PILGAARD PLEASE TAKE NOTICE that, upon the accompanying Memorandum of Law, dated June 21, 2024, and the Declaration of Mare A. Weinstein, dated June 21, 2024, with all exhibits thereto, plaintiff Skatteforvaltingen, by its undersigned attorneys, will move the Court before the Honorable Lewis A. Kaplan at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, New York, Courtroom 21B, at a date and time to be determined by the Court, for an order pursuant to Rules 702 and 403 of the Federal Rules of Evidence excluding the

Memorandum Endorsement Inre Customs and Tax Admin., Master Docket 18-md-2865 (LAK) Plaintiff Skatteforvaltningen (““SKAT”) moves to exclude the proposed expert testimony of three defense witnesses pursuant to Rules 702 and 403 of the Federal Rules of Evidence. As explained below, the motion is granted in part and denied in part.

Reish Defendants retained C. Frederick Reish as a proposed expert witness. Mr. Reish represents sponsors and service providers for purposes of plan qualification under the Internal Revenue Code (the “IRC”) and IRS audits, and he has served as chair of the Government Affairs Committee of the American Society of Pension Professionals and Actuaries. He has provided three reports, a 19-page primary report and rebuttal and reply reports. The former is the focus of SKAT’s motion.' Tn the main, Mr. Reish’s primary report: (1) states that one-person pension plans are legal and commonly used; (2) discusses the criteria that determine whether a plan is “qualified” under the IRC and the IRS’s authority to monitor and enforce plan qualification requirements and; and (3) concludes that certain defendant plans were not “shams” and would not have been disqualified under the IRC by the IRS.’ Plaintiff argues that this proposed testimony should be excluded because it is “riddled with inadmissible instructions of law and legal conclusions regarding the qualification of pension plans.” “It is a well-established rule in this Circuit that experts are not permitted to present testimony in the form of legal conclusions.’ Thus, although expert testimony may aid a jury’s understanding of complex terms and concepts, an expert may not “invade the province of the court to determine the applicable law and to instruct the jury as to that law.’” To begin with, testimony regarding whether a one-person (“solo”) pension plan may be qualified and the ways in which pension plans generally qualify would “usurp . . . the role of the Dkt 1061 (PL Mern.) at 3 1.2. Dkt 1062-2 (Reish Report). Dkt 1061 (Pl. Mem.) at 10. United States vy. Articles of Banned Hazardous Substances, 34 F.3d 91, 96 (2d Cir, 1994). FAA. v. Landy, 705 F.2d 624, 632 (2d Cir. 1983); see Hygh v. Jacobs, 961 F.2d 359, 363 (2d Cir. 1992); United States y. Bilzerian, 926 F.2d 1285, 1294 (2d Cir. 1991).

trial judge in instructing the jury as to the applicable law.’”® This is so because the IRC governs plan qualification.’ Similarly, the IRS’s authority to monitor and enforce plan qualification requirements also is a matter of law and, in any case, such subjects — as well as the manner in which the IRS typically exercises these authorities — would lack relevance here. Also irrelevant is Mr. Reish’s proposed testimony that one-person plans are used commonly. Mr. Reish’s proposed testimony that certain defendant plans were legitimate would tread on the Court’s role to determine the law and the jury’s role to apply the facts to the law. Finally, his proposed testimony that the IRS would not have disqualified those plans would be speculative, irrelevant, and potentially confusing.* Accordingly, Mr. Reish’s proposed testimony is excluded in its entirety. Should plaintiff make a prima facie case that defendants’ representations that the plans were qualified were false, the Court would consider a proposed jury instruction regarding the criteria for qualification that plaintiff contends were not satisfied.’

Pilgaard . Defendants retained Kasper Bech Pilgaard, a Danish tax lawyer and former head of section at the Danish National Tax Tribunal, as a proposed expert witness. Defendants propose that Mr. Pilgaard testify regarding “the structure and operations of the Danish government; the two alternative systems in place in Denmark during the relevant time period to obtain a refund of dividend withholding tax and their mechanics; and Danish securities market practices, such as dematerialization of shares, net settlement by custodians, securities lending, and short-selling.”!° First, the proposed testimony regarding the “structure and operations of the Danish government” is based on the Danish constitution and Danish statutes, regulations, and administrative Bilzerian, 926 F.2d at 1294. See 26 U.S.C. § 401 (a). 8g Contrary to defendants’ assertion, it is not significant that Mr. Reish’s conclusions are the product of his “experience” and not his analysis of “statutes, caselaw, and the like.” Dkt 1094 (Def. Mem.) at 11. It is the nature of the conclusions to which the expert proposes to testify rather than the method by which the expert arrived at those conclusions that matters. Should a party so request it, the Court would consider also a preliminary instruction concerning some of the topics about which Mr. Reish proposed to testify in order to “aid the jury in understanding the complex regulatory regime concerning plan ‘qualification.’” Dkt 1094 (Def. Mem.) at 10. 10 Dkt 1094 (Def. Mem.) at 15-16 (cleaned up).

orders.'' It therefore would not properly be the subject of expert testimony.'? Second, the portion of Mr. Pilgaard’s report pertaining to “the two alternative systems . . . to obtain a refund of dividend withholding tax and their mechanics” is based almost entirely on SKAT forms and SKAT website instructions. Mr, Pilgaard may not “merely read, selectively quote from, or regurgitate . . .

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Skatteforvaltningen v. The Stor Capital Consulting LLC 401K Plan, (S.D.N.Y. 2024).

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