U.S. Court of Appeals for the 9th Circuit
Sep. 17, 2014
9th Circuit allows EA founder to protect millions of dollars in bankruptcy
A Silicon Valley entrepreneur and founder of Electronic Arts Inc. can absolve more than $20 million of his debts to the Internal Revenue Service through bankruptcy, a divided 9th Circuit panel ruled Monday.
Daily Journal Staff Writer
A Silicon Valley entrepreneur and founder of Electronic Arts Inc. can absolve more than $20 million of his debts to the Internal Revenue Service through bankruptcy, despite living a lavish lifestyle for years after realizing he was overspending and insolvent, a divided 9th Circuit panel ruled Monday.
The 9th U.S. Circuit Court of Appeals decision reversed the district and bankruptcy courts in a de...
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