Tuesday, January 4, 2005

Jenkens & Gilchrist to Pay Even More to Settle Tax Shelter Claims

An article in the New York Times (Dec. 4) states that the law firm Jenkens & Gilchrist will pay approximately $81 million to settle claims by clients who received advice about using tax shelters that were late invalidated by the IRS.  A preliminary agreement reached in April 2004 set the settlement amount at $75 million, and the article states "that Jenkens & Gilchrist increased its offer after the clients who filed the lawsuit obtained additional information about the case."  What might that information have been? (ph)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2005/01/jenkins_gilchri.html

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