A New Jersey law firm won’t have to turn over documents to the government for use in a tax case over $77 million in capital losses claimed by a client.
U.S. District Judge Kevin McNulty in Newark on Monday upheld a magistrate judge’s decision that the 63 documents the Internal Revenue Service sought in Kearney Partners Fund v. U.S., 11-cv-4075, were shielded by the attorney-client privilege, work-product privilege or both, and that the client, Raghunathan "Pat" Sarma, had not waived those privileges.
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