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June 25, 2007

Ruling puts tax-shelter suit closer trial

A former client suing accounting firm KPMG and a Seattle investment firm on allegations they drew him into an improper tax shelter received a favorable court ruling this month and is moving closer to a trial. A New Jersey judge ruled that KPMG committed accounting malpractice in a 1998 tax return for businessman Michael Sullivan that included the use of a tax strategy designed to avoid paying

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