Dewey Gave Bad Advice On Tax Shelter, $6M Suit Says

Law360, Los Angeles (January 28, 2014, 9:43 PM EST) -- An accountant who says his attorneys at Dewey & LeBoeuf LLP gave him bad legal advice about a tax shelter is seeking retribution for the $5.8 million the Internal Revenue Service is forcing him to pay for misreporting his investment, according to an adversary proceeding filed in New York bankruptcy court Tuesday.

Philip Groves claimed his attorneys at Dewey & LeBoeuf’s predecessor are to blame for the penalties he must now pay to the IRS, because the attorneys neglected to advise him in 2001 they could...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Dewey & LeBoeuf LLP


Case Number

1:12-bk-12321

Court

New York Southern

Nature of Suit

Date Filed

May 28, 2012

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.