Montserrat italic have been destroyed by pyroclastic flows since the 1997 eruption. Others have been evacuated or destroyed since 1995. Montserrat Montserrat () is a Caribbean island in the Leeward Islands, which is part of the chain known as the Lesser Antilles, in the West Indies. It is a British Overseas Territory (BOT). Montserrat measures approximately in length and in width, with approximately of coastline. Montserrat is nicknamed "The Emerald Isle of the Caribbean" both for its resemblance to coastal Ireland and for the Irish ancestry of many of its inhabitants. On 18 July 1995, the previously dormant Soufrière Hills volcano,
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.