Calling him “the most prolific, pernicious and utterly unrepentant tax cheat in United States history,” prosecutors called for a lengthy sentence for former Jenkens & Gilchrist Chicago head Paul Daugerdas – and they got it. Last June, Daugerdas was sentenced to 15 years in prison for his role in a multi-billion tax fraud scheme. It…
I know, I know. This doesn’t even feel like news. We’ve seen it coming for a while now, ever since Jenkens & Gilchrist made an announcement on its web site in 2007. At the time of the closing, Jenkens agreed to pay a civil penalty of $76 million and cooperate with the IRS and the…
Apparently, their mothers aren’t the only ones who still love Jenkens & Gilchrist lawyers… The Virginia-based law firm of Hunton & Williams does. A lot. As previously reported, Jenkens found itself under fire amid questions linked to its tax-shelter practice. The firm eventually agreed that it would be subject to a substantial penalty (though as many of…
I had already reported that Jenkens Gilchrist was suffering as a result of its involvement in several tax scandals out of the Chicago area. Attorneys were leaving, offices were closing, but somehow, you still got the feeling that Jenkens was going to pull it out and be the Cinderella story of our legal March Madness…