X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Sidley Austin Brown & Wood has fired the controversial head of its tax shelter practice for breaches of fiduciary duty and violations of the firm’s partnership agreement. The dismissed partner, R.J. Ruble, who worked in the New York office of the Chicago-based firm, was among the nation’s leading providers of opinion letters blessing tax shelters for corporations and wealthy individuals, some of whom have since sued the firm. The Internal Revenue Service sued Sidley Austin Oct. 14 seeking information on the firm’s clients who have participated in tax shelters. In a brief statement issued Monday, the firm said it was firing Ruble, 58, for misconduct unrelated “to the substance of opinions at issue in current litigation or to any ongoing tax work for existing clients.” The firm said its actions were based on activities by Ruble that the firm became aware of only last Thursday. Thomas Cole, chairman of the firm, did not return a call seeking comment. Leslie D. Corwin, a partner in the New York office of Greenberg Traurig specializing in law firm partnership disputes, said most instances in which partners were fired for breaching their fiduciary duty involved partners earning extra income from activities not authorized by the firm. Partnership agreements frequently do not directly address the issue, he said, though he noted that some expressly forbid partners from engaging in any moneymaking venture apart from practicing law at the firm.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.