A New Jersey federal judge on Thursday tossed a utility authority director's False Claims Act suit against Covanta Energy Corp., ruling that money saved from the issuance of tax-exempt bonds does not qualify as federal funding under the law.
A Delaware bankruptcy judge gave her blessing to Jackson Hewitt Tax Service Inc.'s chapter 11 plan on Monday, which will restructure $357 million in debt and leave the nation's second-largest tax preparer under the control of secured lenders.
A New Jersey cancer researcher admitted Friday that he stashed at least $2.6 million in Swiss accounts at UBS AG and other banks, making him the seventh person to plead guilty in New York to similar allegations in a crackdown on overseas tax shelters.
A former UBS AG banker was indicted Thursday for allegedly concealing $215 million in client money from the Internal Revenue Service.
A shareholder of energy giant ConocoPhillips sued the company and its board of directors in Delaware federal court on Wednesday, challenging a compensation plan for executives that has allegedly been pursued in breach of tax and securities regulations.
A one-time Sullivan & Cromwell LLP mergers and acquisitions partner pled guilty in New York on Thursday to failing to pay taxes on some of the $10.8 million he made over eight years.
The Antitrust Division of the U.S. Department of Justice sought a preliminary injunction Monday in Washington seeking to block H&R Block Inc.’s $287.6 million purchase of 2SS Holdings Inc., maker of TaxACT tax preparation software and web services.
The grandson of a Johnson & Johnson Inc. co-founder sued Proskauer Rose LLP and two of the firm's partners in New York state court on Friday over allegedly defective transactions that were meant to reduce tax liabilities from selling J&J shares.
The bankruptcy trustee for Kentucky horse breeder ClassicStar LLC on Friday inked $27 million in settlements with investors accusing the GeoStar Corp. subsidiary of convincing them to claim $500 million in improper tax deductions in a fraudulent mare-leasing scheme.
Federal prosecutors in Virginia on Thursday charged three more former Credit Suisse AG employees, including its former head of offshore banking for North America, with helping U.S.-based clients evade taxes by hiding up to $3 billion in foreign bank accounts.
A New York state judge ruled Wednesday that Ernst & Young LLP must face fraud allegations over shady tax shelters, part of a wide-ranging scandal that bankrupted an asset manager and ensnared attorneys and other individuals in criminal charges.
Federal officials on Thursday announced conspiracy charges in New York against a Swiss financial adviser who allegedly helped dozens of U.S. taxpayers shield more than $184 million in assets from the Internal Revenue Service.
A California state judge tossed two causes of action Wednesday in a legal malpractice suit alleging Proskauer Rose LLP gave bad tax advice to Dr. Gary Michelson, who has won more than $1 billion in patent litigation in the last decade.
The Sixth Circuit on Tuesday affirmed the conviction of human resources firm Simplified Employment Services Inc.'s in-house attorney for conspiracy to defraud the U.S. government of $51.7 million in tax revenue, saying attorney-client privilege was not relevant to his participation in the scheme.
A California federal judge on Friday certified a class of state employees in same-sex partnerships claiming that tax provisions of the California Public Employees' Retirement System that deny long-term care insurance to gay and lesbian spouses and domestic partners are unconstitutional.
Sen. Jay Rockefeller, D-W.Va., introduced legislation Thursday that would allow the federal government to consider job creation when awarding contracts, as well as a bill to prevent U.S. companies from avoiding taxes and moving jobs overseas.
Former Kirkland & Ellis LLP bankruptcy partner Theodore L. Freedman pled not guilty on Thursday in New York federal court to charges that he falsified tax returns in an effort to avoid paying the government $1 million.
A Delaware bankruptcy judge on Friday allowed Maryland to appeal a decision that put Jackson Hewitt Tax Services Inc. outside the reach of the state's lending laws, finding that the appeal did not violate the automatic stay in the tax preparer's Chapter 11 case.
The bankruptcy trustee for Kentucky horse breeder ClassicStar LLC said Wednesday he had reached a $2 million settlement with the breeder's former owner, GeoStar Corp., in a tax and securities fraud case included in multidistrict litigation over a mare leasing program.
Dozens of Texas counties, cities and other entities holding claims for delinquent property taxes on Friday objected to bankrupt Jackson Hewitt Tax Service Inc.'s proposed reorganization in Delaware, claiming it doesn't provide for statutory interest on tax liens.