Beleaguered Texas firm Jenkens & Gilchrist is to finally dissolve and will cough up a $76m (£39m) fine for its part in a controversial tax shelter scheme, according to US press reports. The firm will continue to operate in name while it wraps up its affairs, but it is understood it will cease to exist as a law firm.
March 30, 2007 at 12:18 PM
1 minute read
The original version of this story was published on Legalweek
Beleaguered Texas firm Jenkens & Gilchrist is to finally dissolve and will cough up a $76m (£39m) fine for its part in a controversial tax shelter scheme, according to US press reports.
The firm will continue to operate in name while it wraps up its affairs, but it is understood it will cease to exist as a law firm.
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