On July 8, 2004 the firm filed suit against a major law firm and international banking goliath alleging violations of RICO and several violations of state law on behalf of our clients who had been induced to participate in an unregistered, unlawful and abusive tax strategy, designed and implemented by an alleged conspiracy of defendants. The suit resulted in two generous settlements with the majority of clients and a subsequent trial against one remaining defendant, which resulted in a verdict pursuant to RICO in an amount exceeding $6.5 million. In a related case, Jones Swanson settled with a co-conspirator.
Reported Decisions – 2007 WL 2008505, E.D. La. 2007; 2006 WL 3313716, E.D. La. 2006 (Motion for Summary Judgment Opinion).