Mount Pelée found adrift from the island, unconscious. The event marked the only major volcanic disaster in the history of France and its overseas territories. Mount Pelée is the result of a typical subduction zone. The subduction formed the Lesser Antilles island arc, a curved chain of volcanoes approximately in length, between Puerto Rico and Venezuela, where the Caribbean Plate meets Atlantic oceanic crust belonging to the South American Plate. Other volcanoes in the island arc are also known for their volcanic activity, including Saint Vincent's La Soufrière, Guadeloupe's La Grande Soufriere volcano, Montserrat's Soufrière Hills, and the submarine volcano Kick 'em
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.