Deutsche Bank Denied Arbitration In Tax Shelter Case

Law360, New York (November 21, 2007, 12:00 AM EST) -- Deutsche Bank AG, which is under attack for its alleged role in causing companies to participate in an illegal tax shelter scheme, has had its efforts to force arbitration rebuffed by a circuit court.

The U.S. Court of Appeals for the Fifth Circuit on Monday affirmed a lower court ruling that denied Deutsche Bank’s motion to compel arbitration in Palmer Ventures LLC’s case against the bank, Presidio Advisory Services and certain officers. The case had also included KPMG LLP, and Sidley Austin Brown and Wood LLP,...
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