Interesting article in today’s National Law Journal, Judge: Tax Shelter Suit Against Sidley Austin, Deutsche Bank May Proceed:

A federal judge has declined to dismiss a civil suit brought by a husband and wife who claim that Sidley Austin Brown & Wood and Deutsche Bank Securities Inc., offered a tax shelter the firms knew would be challenged by the IRS. Southern District Judge Shira Scheindlin said William and Sharon Seippel’s complaint sufficiently alleged fraud and that the couple’s allegations against the defendants could stand because they went further than alleging aiding and abetting liability.