Siemens, Manatt Phelps Win Favor In Contracting Suit

Law360, New York (June 24, 2013, 3:59 PM EDT) -- A New York federal judge on Friday recommended tossing a suit against a Siemens AG unit and Manatt Phelps & Phillips LLP, finding that they didn’t wrongfully deny a consultant tax liabilities when they restructured a business created to bid on government contracts for electrical work.

First Keystone Consultants can’t claim it was indirectly entitled to tax losses related to Schlesinger-Siemens Electrical LLC, according to Friday’s filing. U.S. Magistrate Judge Steven Gold, who was asked by another federal judge to review Siemen’s motion for summary judgment,...
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