Attorney's Patented "Tax Shelter" Challenged Again

Law360, New York (November 28, 2005, 12:00 AM EST) -- A nationally-recognized tax attorney accused of patenting a tax avoidance scheme through inequitable conduct has been slapped once again with a preemptive lawsuit by a major insurance company.

Ohio-based Nationwide Life Insurance Co., a subsidiary of Nationwide Financial Services Inc., sued John J. Koresko, seeking declaratory judgment of non-infringement. Koresko had earlier “threatened” the insurance company with a patent lawsuit, according to Nationwide’s complaint.

The suit against Koresko, based in Pennsylvania, was filed in the U.S. District Court for the Southern District of Ohio. It details...
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