Monday, December 28, 2009
John J.P. Howley (former partner, Kaye Scholer) (In re Howley, 2009 N.Y. Slip. Op. 09410 (N.Y. App. Div. 1st Dep't, Dec. 17, 2009)) and Ronald A. Goldman (former partner, Manning Raab Dealy & Sturm) (In re Goldman, (2009 N.Y. Slip. Op. 09409 (N.Y. App. Div. 1st Dep't, Dec. 17, 2009)) were suspended by the New York Appellate Division for nonpayment of taxes. (Mr. Howley failed to file New York nonresident tax returns for ten years, and federal and New Jersey resident tax returns for nine years. Mr. Goldman failed to file federal and New York tax returns for seven years.) From the New York Law Journal:
On the negative side of the ledger, the panel noted that Howley had disregarded his tax obligations while "enjoying a lavish life style." Specifically, the panel cited his purchase of a five-bedroom house in New Jersey and a four-bedroom house in Florida, as well as three luxury automobiles, including a BMW sports utility vehicle. ...
While receiving $300,000 in annual compensation from his firm, the panel wrote, Goldman had invested substantial sums in a restaurant and gambled on horses for more than 10 years.