AmEx, Deutsche Bank Sued For J&G Tax Shelter Scheme Role

Law360, New York (March 26, 2012, 9:51 PM EDT) -- A Chicago nasal and sinus clinic on Monday sued Deutsche Bank AG and American Express Tax and Business Services Inc. for allegedly conspiring with defunct law firm Jenkens & Gilchrist PC to set up an illegal tax shelter for the clinic.

In a complaint filed in Illinois Circuit Court in Cook County, John T. McMahan, owner of Northwestern Nasal and Sinus Associates SC, accuses Deutsche Bank, AmEx and AmEx accountant Robert Goldstein of assuring him that a “Son of BOSS” tax shelter set up in 2001...
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