Proskauer Rose got some good news Oct. 27, when the 5th U.S. Circuit Court of Appeals affirmed a lower court’s decision in a suit filed over tax advice.
The three-judge panel upheld a 2009 decision by U.S. District Judge Gray Miller of the Southern District of Texas that dismissed a Racketeering Influenced and Corrupt Organizations Act and securities fraud suit filed against Proskauer in connection with a “tax avoidance scheme” that the Internal Revenue Service disallowed.
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