Ex-J&G Attys, Others Convicted In Tax Shelter Case

Law360, New York (May 24, 2011, 7:47 PM EDT) -- Two former Jenkens & Gilchrist PC attorneys, accounting firm BDO Seidman's former CEO and a Deutsche Bank AG employee were convicted Tuesday by a New York federal jury for selling illegal tax shelters to wealthy clients in an alleged plot that ultimately destroyed the law firm.

The verdict ends 10 weeks of testimony and two weeks of jury deliberations over the federal government's allegations that the attorneys and other professionals sold investment deals designed to generate noneconomic losses for the purpose of escaping tax liability....
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