Dallas-based Jenkens & Gilchrist has moved significantly closer to finalizing a proposed class action settlement with former clients who sued the firm over its tax advice. A unanimous three-judge panel of the 2nd U.S. Circuit Court of Appeals issued an opinion last week denying the objections to the proposed settlement raised by two former Jenkens clients who were members of the class but objected to the settlement terms and propriety of class certification.
The 2nd Circuit opinion provides “the relief we are seeking,” says Thomas Cantrill, chairman and president of Jenkens. Cantrill calls the opinion “a home run,” and says, “We are very happy to have the 2nd Circuit confirm what we thought they would.”
