Volcano (Jimmy Buffett album) Volcano (Jimmy Buffett album) Volcano is the ninth studio album by American popular music singer-songwriter Jimmy Buffett and is his 11th overall. It was released in August 1979 as MCA 5102 and was his first release on that label after its absorption of ABC Dunhill. The album and its title song are named for the then dormant Soufrière Hills volcano on the island of Montserrat in the British West Indies where Buffett recorded the album in May 1979 at AIR Studios. (The studio was severely damaged by Hurricane Hugo in 1989 and Soufrière Hills erupted again in 1995.) Additional recording
Long-Term Capital Holdings v. United States Long-Term Capital Holdings v. United States Long Term Capital Holdings v. United States, 330 F. Supp. 2d 122 (D. Conn. 2004), was a court case argued before the United States District Court for the District of Connecticut that concerned a tax shelter used by Long-Term Capital Management, a failed hedge fund. The tax shelter had been designed by Babcock & Brown for Long-Term Capital to shelter it's short-term trading gains from 1997. The case was an appeal of an Internal Revenue Service denial of the plaintiffs' claim of $106,058,228 in capital losses during the 1997 tax year and associated penalties.