A US federal judge has ruled that Deutsche Bank must face claims by Chicago physician, John McMahan, that helped a defunct law firm in promoting an illegal tax shelter which was marketed across the US over ten years ago. McMahan argues that he relied partly on the reputation of Deutsche Bank in deciding to take part in the tax shelter named "“Son of Boss", which was later disallowed by the US Internal Revenue Service.
A US federal judge has ruled that Deutsche Bank must face claims by Chicago physician, John McMahan, that helped a defunct law firm in promoting an illegal tax shelter which was marketed across the US over ten years ago. McMahan argues that he relied partly on the reputation of Deutsche Bank in deciding to take part in the tax shelter named "Son of Boss", which was later disallowed by the US Internal Revenue Service.