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Jenkens & Gilchrist Wins Millions in Suit Against Former IP Client
Dallas firm Jenkens & Gilchrist closed its doors more than two years ago, but despite a $4 million courthouse win late last month in a battle over fees with an old client, the firm won't be ready to close the books until next year at the earliest. The suit, tried in a Dallas district court, was in Jenkens & Gilchrist PC v. Forgent Networks Inc., et al.Two Former Jenkens & Gilchrist Partners Guilty in Tax Shelter Case
Former Jenkens & Gilchrist partners Paul Daugerdas and Donna Guerin were found guilty by a federal jury on multiple counts for their role in a massive, illegal tax shelter scheme. The prosecution presented evidence of a conspiracy to devise, market and sell tax shelters with no economic substance and provide wealthy clients with paper losses that saved them hundreds of millions of dollars in taxes.A Life of Litigation and Meditation
Veteran IP lawyer Thomas Crisman, of Dallas' Jenkens & Gilchrist, considered quitting the legal life in the 1980s because he felt it wasn't a healthy way to make a living. But his introduction to meditation changed his perspective. For Crisman, who's best known for representing Ericsson in its patent dispute with InterDigital Communications, meditation has become as big a part of his trial preparation as brief-drafting.Jenkens & Gilchrist agrees to non-prosecution deal on illegal tax shelters
Federal prosecutors in Manhattan have entered into a nonprosecution agreement with Dallas law firm Jenkens & Gilchrist over its past involvement in illegal tax shelters, a scandal that has already fatally crippled the once-thriving firm. As part of the agreement, Jenkens & Gilchrist will pay a $76 million civil penalty to the IRS. The firm, which once had 600 lawyers and offices nationwide, has advised prosecutors that it will close its last office and cease practicing law by the end of the month.Most of Jenkens' San Antonio office moving to Jackson Walker
Jackson Walker is the latest firm to benefit from Dallas-based Jenkens & Gilchrist's disintegration, with 10 Jenkens lawyers going to Jackson Walker by March 8. The announcement, confirming that Jenkens will close its San Antonio office, comes on the heels of similar developments in Los Angeles and Houston. A Jenkens spokesman said Tuesday the firm's Houston and L.A. offices will close as the lawyers go to new firms, and lawyers in the firm's Chicago office are in talks to open an office for Nixon Peabody.Opt-Outs Threaten Settlement of Jenkens' Tax Advice Suit
A proposed $75 million class action settlement between Jenkens and about 1,100 disgruntled former clients who got tax advice from the Dallas-based firm hit a snag last week, when at least 40 ex-clients notified court-appointed special masters that they will opt out of the tentative deal. Jenkens and the lawyers representing the class now have 60 days to persuade the opt-outs to rejoin the proposed settlement.Hunton & Williams, Jenkens Discuss Lateral Moves
Jenkens & Gilchrist management is talking with Hunton & Williams management about a substantial number of lawyers from Jenkens' Dallas office laterally moving to Hunton & Williams' Dallas office, say some sources. A Jenkens partner says the firm is talking with multiple firms about multiple scenarios.Jenkens settlement closer to finalization
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.Hunton & Williams opens Texas office with Jenkens lawyers
Virginia-based Hunton & Williams, which has offices in Dallas and Houston, opened a new office in Austin, Texas, on Sunday with lawyers from Jenkens & Gilchrist. Jenkens closed its doors effective Saturday; the next day, 93 lawyers from the firm joined Hunton & Williams. Two days before Jenkens closed, the U.S. Attorney's Office for the Southern District of New York and the IRS announced a settlement with Jenkens related to its former Chicago-based tax-shelter practice.Jenkens and Hunton & Williams Talking About Dallas Lateral Moves
Jenkens & Gilchrist management is talking with Hunton & Williams management about a substantial number of lawyers from Jenkens' Dallas office laterally moving to Hunton & Williams' Dallas office, say some sources. A Jenkens partner says the firm is talking with multiple firms about multiple scenarios.Corporate Transparency Act Resource Kit
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