A former Arnold & Porter partner's guilty plea last week to tax fraud charges and the firm's payment of a fine to avoid prosecution leave at least two law firms still squarely in the crosshairs of a Justice Department investigation of illegal tax shelters for multimillionaires. Sources close to the investigation have confirmed that Proskauer Rose and Locke Lord Bissell & Liddell are the ones labeled "Law Firm A" and "Law Firm D" in the indictment of Ernst & Young accountants.
Tax Shelter Case That Snared Former Arnold & Porter Partner Not Done Yet
The American Lawyer
September 15, 2008