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5th Circuit Upholds Civil Liability of Lawyer Who Wrote Tax Opinion in Jenkens & Gilchrist Tax Shelter

The Fifth Circuit has upheld a district court's finding that a Louisiana lawyer (William E. Bradley ) who wrote a tax opinion (for which he was paid $25,000) supporting a Jenkens & Gilchrist tax shelter was civilly liable to an investor in the tax shelter, but reversed the district court's RICO award of $6.43 million. Ducote Jax Holdings LLC v. Bradley, No. 08-30037 (5th Cir. Jun 19, 2009).  For more, see ataxingmatter.


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