Tuesday, July 17, 2007
Charges Dropped Against 13 in KPMG Tax-Shelter Case

The federal judge overseeing a large criminal tax-shelter case has dismissed charges against 13 defendants from the accounting firm KPMG, in a sharply worded ruling that blamed prosecutors for the setback in the faltering case.
Text of the Judge's RulingJudge Lewis A. Kaplan, of Federal District Court in Manhattan, wrote that he had no choice but to dismiss the charges because prosecutors had violated the constitutional rights of the defendants when they pressured their former employer KPMG to cut off their legal fees.
Charges against three other KPMG defendants still stand.
The defendants include 16 former KPMG employees, plus an outside investment adviser and lawyer. A 17th KPMG defendant pleaded guilty last year and agreed to cooperate with the prosecution.
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Posted by Coolrabbit at 9:31 AM 0 comments
Labels: KPMG, Litigations





