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GOLDMAN v. KPMG, LLP

No. B195740.

173 Cal.App.4th 209 (2009)

___ Cal.Rptr.3d ___

STEVEN J. GOLDMAN et al., Plaintiffs and Respondents, v. KPMG, LLP, et al., Defendants and Appellants. JEFFREY R. HAINES et al., Plaintiffs and Respondents, v. KPMG, LLP, et al., Defendants and Appellants.

Court of Appeals of California, Second District, Division Eight.

April 22, 2009.

Attorney(s) appearing for the Case

Gibson, Dunn & Crutcher, James P. Clark, Cheryl D. Justice, Matthew D. Taggart, Matthew C. Wickersham and Michael Anthony Brown for Defendant and Appellant KPMG, LLP.

Munger, Tolles & Olson, Brad D. Brian, Richard E. Drooyan, Gregory J. Weingart, Allison B. Stein and Joseph J. Ybarra for Defendant and Appellant Sidley Austin LLP.

Green, Broillet & Wheeler, Bruce Broillet, Scott H. Carr; Stone, Rosenblatt, Cha, Ira H. Rosenblatt; Esner Chang & Ellis, Stuart B. Esner, Gregory R. Ellis, Holly N. Boyer; Eagan O'Malley & Avenatti and Michael Avenatti for Plaintiffs and Respondents.

OPINION

RUBIN, Acting P. J.—

SUMMARY

The plaintiffs in two lawsuits, consolidated on appeal, seek millions of dollars in damages in connection with allegedly fraudulent tax shelter schemes developed, marketed and implemented by their former accountants, lawyers and investment advisers. In one of the tax shelter schemes, a step in the process included the formation of limited liability companies in which plaintiffs and their...

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