Second Circuit Reverses District Court in KPMG Tax Shelter Case

The Second Circuit today held that federal district judge Lewis Kaplan exceeded his jurisdiction in the KPMG tax shelter case in ordering KPMG to stand trial over its refusal to pay the legal fees of its indicted former employees. Stein v. KPMG, No. 06-4358-cv (5/23/07).

Coverage of today's ruling:

• Associated Press
• Bloomberg
• New York Law Journal
• New York Times
• Reuters
• Wall Street Journal Law Blog
• White Collar Crime Prof Blog

Prior TaxProf Blog coverage:

• Judge Kaplan Defends His Actions in KPMG Tax Shelter Case to Second Circuit (1/10/07)
• Latest KPMG Opinion (12/7/06)
• Second Circuit Oral Argument in KPMG Tax Shelter Case (11/22/06)
• KPMG Tax Shelter Case (10/5/06)
• District Court Denies KPMG's Motion to Dismiss Attorneys' Fees Lawsuit (9/8/06)
• Ribstein on KPMG Decision (7/6/06)
• More on Yesterday's KPMG Tax Shelter Decision (6/28/06)
• District Court Slams Government in KPMG Tax Shelter Case (6/27/06)