Sidley hit with $155m 'cookie cutter' lawsuit

Sidley Austin Brown & Wood has been hit by a $155m (£83m) lawsuit over its infamous ‘cookie cutter’ opinion letters, as US lawyers suffer continued fallout from involvement in controversial tax shelters.

The top 10 US firm is being targeted alongside Dallas firm Jenkens & Gilchrist in a suit filed on 5 November in New York by three former clients. Former Sidley tax partner RJ Ruble and former vice chairman Thomas Smith are also named in the case.

Featured Firms

Law Offices of Gary Martin Hays & Associates P.C.

75 Ponce De Leon Ave NE Ste 101

Atlanta, GA 30308

(470) 294-1674

www.garymartinhays.com

Law Offices of Mark E. Salomone

2 Oliver St #608

Boston, MA 02109

(857) 444-6468

www.marksalomone.com

Smith & Hassler

1225 N Loop W #525

Houston, TX 77008

(713) 739-1250

www.smithandhassler.com

Presented by BigVoodoo

More From ALM

The recent SEC release comes with significant changes for private fund managers. Hear expert insights on what happened, what it means, and what the compliance considerations are.

Countdown to Compliance: SEC Private Fund Reforms

Brought to you by Ontra
Download Now

Are you managing NDAs with the speed and precision the market demands? Download this guide to learn about the most important terms in private equity NDA to help streamline your workflows.

The Top 10 Terms in Private Equity NDAs

Brought to you by Ontra
Download Now

As private equity fund managers, remaining compliant on every front is critical as the SEC continues to intensify enforcement efforts and propose reforms. Learn how to improve your compliance and face your biggest risks head on in this guide.

Top 10 Compliance Concerns for Private Fund Managers

Brought to you by Ontra
Download Now

Premium Subscription

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now

Team Accounts

Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now

Bundle Subscriptions

Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now

From Data to Decisions

Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.

Exclusive Depth and Reach.

Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.

Big Pictures and Fine Details

Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.

Legal Innovation Awards 2024

May 23, 2024
London

Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.

Learn More

African Legal Awards 2024

September 06, 2024
Johannesburg

The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.

Learn More

Middle East Legal Awards 2024

April 25, 2024
Dubai

Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.

Learn More