Sidley, KPMG tax shelter fine settles at $45m

Sawyer, Donna
November 2005
Lawyer;11/7/2005, Vol. 19 Issue 43, p7
Trade Publication
The article reports that a U.S. federal judge has given preliminary approval for a multimillion-dollar class action settlement against Sidley Austin Brown and Wood and KPMG regarding abusive tax shelters that KPMG sold to rich people. The $224 million class action suit may be settled at $45 million. KPMG will pay about 80 percent of the amount, while Sidley will provide the remaining amount.


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