Barclay Damon
Barclay Damon
NEWS RELEASE

Hiscock & Barclay’s Peter Crossett Wins Arizona Property Tax Case Involving $125 Million in Disputed Values

Hiscock & Barclay, LLP Partner Peter J. Crossett successfully defended the Arizona State Department of Revenue in a multi-year property tax challenge against an international telecommunications company. The total disputed full cash values between the parties for the years 2008-2010 was in excess of $125 million dollars. Crossett, with expertise in valuation and complex property tax litigation, acted as co-defense counsel through extensive discovery and a three week jury trial that resulted in a jury verdict upholding the state’s values and providing no relief to the plaintiff. As a result of our experience in these complex property tax cases, Crossett is regularly sought out as trial counsel in these types of cases as well as speakers and presenters at a number of national property tax seminars and forums.

Crossett is a Partner in the firm’s Syracuse office and has extensive experience in the valuation of energy, utility, telecommunication, media and transportation companies and their assets. His practice focuses on complex property tax litigation and due diligence analysis with an emphasis on unit valuation. Crossett’s valuation expertise has been recognized nation-wide by clients, which include both industry and governmental entities.

According to Crossett, “We are very pleased with the outcome of this ruling; it represents a just result obtained through the hard work and tremendous effort of a great team of people. The real beneficiaries of this ruling are all the taxpayers of the State of Arizona.”

Hiscock & Barclay, LLP, listed as a “Top 250 Firm” by The National Law Journal, is a full-service, 200-attorney law firm, with offices throughout the major cities of New York State, as well as in Boston, Washington, D.C. and Toronto, providing comprehensive legal and business counsel to a diverse client base in 31 practice areas. For more information on Hiscock & Barclay, visit www.hblaw.com.