John McMahan, et al v. Deutsche Bank AG, et al
Case Number:
17-2988
Court:
Nature of Suit:
Companies
Sectors & Industries:
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June 14, 2018
7th Circ. Won't Revive Deutsche Bank Tax Shelter Suit
A Seventh Circuit panel on Wednesday affirmed a lower court's decision to toss a former Deutsche Bank AG client's lawsuit accusing the bank and other financial advisers of breaching their fiduciary duties by advising him to set up an illegal tax shelter, finding he waited too long to sue.
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April 19, 2018
7th Circ. Urged To Revive Deutsche Bank Tax Shelter Suit
A former client of Deutsche Bank AG asked the Seventh Circuit on Thursday to revive his years-old lawsuit accusing the bank and other financial advisers of breaching their fiduciary duties by advising him to set up an illegal tax shelter, saying the lower court incorrectly found he was not actively litigating his case during a 16-month gap in docket activity.