WASHINGTON — CUNA Mutual Group Senior Vice President Larry Blanchard moderated a panel discussion and update on unrelated business income tax at GAC that reported an expected two years ahead on the recent suit filed with the Wisconsin Federal Court.
A response is expected on March 24 with disclosures and conferences from April through May and discovery starting in June through January 2009. March 2009 would be the approximate time for the trial with a decision in April and appeals taking place from 2009 through 2010.
"If we lose we will appeal. We will not give up," General Counsel and Chief Legal Officer for CUNA Mutual Group Faye Patzner said. "We expect the Internal Revenue Service to do the same so we expect this to be a two-year process."
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