Michael Saylor, the founder and CEO of MicroStrategy
MSTR,
has misplaced his case to dismiss claims that he did not pay private earnings taxes, curiosity and penalties in the District of Columbia, in accordance with a courtroom submitting on Feb. 28.
The ruling did dismiss claims that Saylor and his firm conspired to violate Washington D.C’s False Claims Act, which is a federal legislation that holds individuals and corporations chargeable for defrauding governmental applications.
In August 2022, the District of Columbia filed a grievance by way of its Office of the Attorney General towards Saylor and his firm, alleging that he didn’t pay earnings taxes over various years, avoiding greater than $25 million in taxes to the district. In October, Saylor filed a movement to dismiss the grievance.
A standing convention relating to the case is scheduled for Mar. 10, and the ultimate consequence isn’t presently determinable.
Source web site: www.marketwatch.com
