Claims Pared In Bryan Cave Tax Shelter Class Action

Law360, New York (September 28, 2010, 5:32 PM EDT) -- Bryan Cave LLP and a unit of American Express Co. have convinced a court to dismiss civil conspiracy and aiding and abetting fraud claims in a putative class action over their roles in marketing an employee-defined benefit plan that allegedly created an illegal tax shelter.

The plaintiffs failed to show that representations made by the defendants regarding the plan and the insurance policies that funded it were false at the time they were made, Judge Jane J. Boyle ruled Monday in the U.S. District Court for...
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