A federal judge on Monday gave preliminary approval to a $225 million settlement that accounting giant KPMG and a law firm have reached with about 275 former clients who used its tax shelters, lawyers in the case said. A grand jury in New York has indicted 19 people -- including KPMG's former chief financial officers, former KPMG tax professionals and a former lawyer at Sidley, Austin, Brown & Wood, which worked with KPMG -- in connection with the shelter sales.
November 01, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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