Firms Want Tax-Shelter Docs Under Wraps

Law360, New York (September 6, 2006, 12:00 AM EDT) -- If the major accounting and investment firms ensnared in the tax-shelter scandal get their way, the public will not have access to key documents involved in an ongoing North Carolina trial.

KPMG LLP, Wachovia Corp. and several other defendants in the case have asked a North Carolina judge to keep confidential several documents in order to avoid inadvertently revealing trade secrets.

The firms claim that allowing the sensitive documents to be made public could cause “unreasonable annoyance, embarrassment, oppression, or undue burden or expense.”

Documents that...
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