Soufrière Hills Soufrière Hills The Soufrière Hills volcano is an active, complex stratovolcano with many lava domes forming its summit, on the Caribbean island of Montserrat. Many volcanoes in the Caribbean are named Soufrière (French: "sulphur outlet"). These include La Soufrière or Soufrière Saint Vincent on the island of Saint Vincent and La Grande Soufrière on Guadeloupe. After a long period of dormancy, the Soufrière Hills volcano became active in 1995, and has continued to erupt ever since. Its eruptions have rendered more than half of Montserrat uninhabitable, destroying the capital city, Plymouth, and causing widespread evacuations: about two thirds of the
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.