A federal judge Monday denied accounting firm KPMG’s request for a jury trial over the issue of whether it should advance defense costs to its former employees who are now facing criminal tax fraud charges.
Southern District Judge Lewis A. Kaplan, in United States v. Jeffrey Stein, S1 05 Crim. 0888, ruled that the employee claim was for specific performance of a contract. Thus, he said that it was equitable in nature and did not require a jury trial.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]