Fifth Circuit Accepts Sam Wyly Bankruptcy Appeal
Lawyers for Sam Wyly and his deceased brother were granted permission Thursday to appeal Bankruptcy Judge Barbara Houser's ruling that the Wylys committed tax fraud and owe $1 billion to the IRS directly to the U.S. Court of Appeals for the Fifth Circuit. The appellate court agreed to allow the Wylys to skip the usual step of having a federal district judge review their case. The Texas Lawbook has the details.