Caribbean Plate a subduction zone, the Lesser Antilles subduction zone, where oceanic crust of the South American Plate is being subducted under the Caribbean Plate. Subduction forms the volcanic islands of the Lesser Antilles Volcanic Arc from the Virgin Islands in the north to the islands off the coast of Venezuela in the south. This boundary contains seventeen active volcanoes, most notably Soufriere Hills on Montserrat; Mount Pelée on Martinique; La Grande Soufrière on Guadeloupe; Soufrière Saint Vincent on Saint Vincent; and the submarine volcano Kick 'em Jenny which lies about 10 km north of Grenada. Large historical earthquakes in 1839 and
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.