Paul L. Caron

Wednesday, July 25, 2007

Lawyers for KPMG Tax Shelter Defendant Cannot Leave

Interesting post on the ABA Journal:  Judge: No Release from KPMG Defense, by Martha Neil:

Lawyers for a defendant in the KPMG tax shelter fraud case signed on and can't now sign off until the case reaches a final conclusion, a federal court judge says. Although he was initially paid $400,000 by the Big Four accountant, attorney Robert Fink is concerned the ongoing representation of former KPMG partner Richard Smith in the high-profile criminal case is going to cost him a fortune, now that KPMG has stopped paying defense costs, as discussed last week. But U.S. District Judge Lewis A. Kaplan says Kostelanetz & Fink has no choice but to continue, New York Lawyer reports today, reprinting a New York Law Journal story. "Having signed on for the voyage, they are on for the voyage unless relieved by the court," Kaplan said at a conference yesterday on United States v. Stein, 05 Crim. 888.

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