U.S. Wins Tax Shelter Cases Against Wells Fargo, Principal, Beal

The U.S. won three tax shelter cases in opinions issued last week, the Justice Department said in an e-mailed statement.

The cases involved claims relating to Principal Life Insurance Co., Wells Fargo & Co. (WFC), and a company formed in part by billionaire D. Andrew Beal, according to the statement.

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net

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