Court Rejects Tax Shelter Once Sold by KPMG
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A federal judge ruled that a widely used aggressive tax shelter was based on fake bank loans and is therefore not legitimate.
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A U.S. judge may be laying the groundwork for a plea agreement or possible dismissal of a case against 16 former KPMG  partners accused of creating and marketing fraudulent tax shelters, legal experts said.
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A federal judge in Ohio has ruled against a longstanding foreclosure practice, potentially creating an obstacle for lenders trying to reclaim properties from troubled borrowers and raising questions about the legal standing of investors in mortgage securities pools.
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An investment adviser set to go on trial in a tax shelter case involving KPMG pleaded guilty to conspiracy for his role in selling the shelters.
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Leeds United has been put up for sale by its administrators KPMG after a legal challenge from the tax office.
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Newly disclosed internal e-mail messages may show that KPMG, the accounting firm under scrutiny for promoting abusive tax shelters, didn't heed official warnings.
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THE High Court has thrown out a Â£230m damages claim brought by City stockbroker Collins Stewart against the Financial Times newspaper.
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The pension plan at a U.K. unit of  bankrupt auto parts maker Federal-Mogul Corp. FDMLQ.OB on  Friday rejected a $130 million offer by financier Carl Icahn to  keep it afloat, prompting a warning from bondholders that the  plan may be liquidated.
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A Belfast businessman loses a case against the goverment involving a prime city centre site.
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WASHINGTON -- Fannie Mae yesterday sued KPMG LLP, its former outside auditor, for $2 billion, alleging negligence and breach of contract that resulted in the mortgage leader having to restate billions of dollars in profit.
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LONDON A judge rejected a claim Wednesday for a record Â£230.5 million in special damages in a libel case against the Financial Times newspaper that is being pursued by the London-based brokerage firm Collins Stewart Tullett.
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The Hong Kong government said Sunday it will not go ahead with plans to list shares of its US$3 billion (euro2.3 billion) real-estate investment trust on the territory&#39;s stock exchange because of legal uncertainties.
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A British judge ruled Wednesday that the bulk of a brokerage firm's 240 million pound (&#36;433 million) damages claim against the Financial Times newspaper cannot proceed.
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Hong Kong&#39;s highest court rejected the government&#39;s request that a 67-year-old tenant be given hours instead of weeks to appeal the sale of a $2.7 billion property trust, putting its Dec. 20 trading debut in doubt.
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Competition boss who filed charges rejected a settlement offer so EU could maintain oversight.
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NEW HAVEN, CONN. - A partnership that includes Nobel Prize-winning economists is not eligible for $106 million in tax deductions it claimed from a tax shelter, a federal judge ruled Friday in a case that has
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H&R Block Inc , the largest U.S. tax preparer, said on Thursday a New York state judge dismissed much of a lawsuit accusing it of charging excessive fees on individual retirement accounts.