Plum City – (AbelDanger.net). United States Marine Field McConnell has linked Sidley Austin IMDb snuff-film tax shelters – apparently developed for the 2001 IPO of KPMG Consulting – to the alleged use of Cisco switches in the Boston bombs by continuity of government guru, Jamie Gorelick.
CTV Truck allegedly contains Cisco routers and switches used by Sidley IMDb Cold Squad and snuff film crews in a phony Gorelick continuity of government exercise to relay detonation signals to Boston bombs.
For Jennifer Lopez the recent Boston bombing events could potentially become a successful and “interesting” cinematographic experience, just as it happened with her “Selena” biopic a couple of years ago. There is a catch, though: it has to be done in the right way.
In an interview with CBS’ “Entertainment Tonight,” about her role as a producer for the new TV show, “The Fosters,” the actress and singer also answered questions on possible movie opportunities based on the Massachusetts tragedy.
“They’re delicate subjects because there is so much emotion that surrounds them. It has to be done in the right way, just like anything else. At the end of the day it’s such a tragic thing and so unthinkable,” Lopez said to Et. “You would think it would make for a great movie, but at the end of the day it has to be handled in a certain way to be great. »
– The Huffington Post”
“Sidley Austin LLP Pays IRS $39.4 Million Penalty
IR-2007-103, May 23, 2007
WASHINGTON — The Internal Revenue Service today announced that it has reached a settlement with the law firm of Sidley Austin LLP, the successor firm of the merger in 2001 between Sidley & Austin and Brown & Wood LLP, which has paid a civil tax shelter promoter penalty of $39.4 million. The penalty stems from the firm’s promotion of abusive tax shelters and a failure to comply with tax shelter registration requirements.
“Sidley Austin has paid a significant penalty for its role in promoting abusive tax shelters,” said IRS Acting Commissioner Kevin M. Brown. “The firm has also taken concrete steps to prevent a recurrence of this behavior in the future, which they have agreed to maintain going forward. We appreciate their actions and their cooperation in our ongoing investigations.”
The firm issued opinions in connection with potentially abusive tax shelters to over 700 high-net worth individuals and corporations. Some of the packages marketed to these individuals included listed transactions such as BOSS (Bond & Option Sale Strategy), variants of the so-called “Son of BOSS” shelter that went by names of COBRA (Currency Options Bring Reward Alternatives), BLIPS (Bond Linked Issue Premium Structure) and COINS (Currency Option Investment Strategy), and others that went by the names of FLIP (Foreign Leveraged Investment Program), OPIS (Offshore Portfolio Investment Strategy) and POPS (Partnership Option Portfolio Securities).
The firm also issued tax opinions in connection with certain potentially abusive non-listed transactions involving distressed assets, bond and equity strips and lease strips.
Sidley Austin LLP has offices in Beijing, Brussels, Chicago, Dallas, Frankfurt, Geneva, Hong Kong, London, Los Angeles, New York, San Francisco, Shanghai, Singapore, Tokyo and Washington, D.C.”
“Washington lawyer takes leadership role at Chicago’s Sidley AustinCarter Phillips
(Crain’s) — For the first time, 146-year-old law firm Sidley Austin LLP will have a top leader who is not based in Chicago.
Carter Phillips, 59, managing partner of its Washington, D.C., office for the past 17 years, was named co-chairman of the executive committee, joining Thomas Cole, 63, a Chicago-based partner who has chaired the committee for 15 years.
After a year, Mr. Phillips, an appellate lawyer who plans to remain in Washington, will become chairman of the 48-member committee, the 1,750-lawyer firm’s strategic directorate. Chicago-based partner Charles Douglas, 64, will continue to chair the nine-member management committee, which runs the firm day to day.
“Sidley is a national firm and it is natural that future leaders of the firm will come from outside Chicago from time to time,” said John Cashman, a legal recruiter in Chicago with Major Lindsay & Africa.
Over the last 18 months, Sidley opened offices in Palo Alto, Calif., and Houston; Mr. Phillips says he will stay the course after he takes over, anticipating changes that are more a matter of style than substance. Because he is a litigator and Mr. Cole a corporate attorney, “that invariably causes us to look at the world in some ways differently,” he said.
Mr. Phillips has argued 76 cases, including nine as a government lawyer, before the U.S. Supreme Court — more than any other active lawyer in private practice, according to Sidley. He plans to continue practicing law, he said.
Last year he represented Boeing Co. and General Dynamics Corp. when the court ruled in their favor. The issue was whether the government could maintain a claim when it invokes the state-secrets privilege to deny defendants a defense to the claim. Sidley’s longstanding corporate clients in Chicago include Tribune Co., Northern Trust Corp. and CME Group Inc.
The Canton, Ohio, native has a master’s degree in political science and a law degree, both from Northwestern University. In 1978-79, he clerked for Chief Justice Warren Burger.
Last year, Sidley was the eighth-largest U.S. law firm by revenue, according to American Lawyer magazine. The $1.42 billion top line was the fourth-biggest in Chicago, where Sidley was second only to Kirkland & Ellis LLP in the more closely watched categories of revenue per lawyer and profits per equity partner.
“Sidley has been very aggressive in recruiting top talent,” said Kent Zimmerman, a Chicago-based consultant for Zeughauser Group LLC in California.
In 2001, what was then Sidley & Austin merged with Wall Street firm Brown & Wood. The deal gave Sidley access to more financial clients but also exposed it to the financial meltdown and litigation involving tax shelters.
“The trajectory has been quite positive, putting aside the downturn in the economy,” Mr. Phillips said. “But we’ve rebounded exceptionally well.”
The merger was completed four months before Sept. 11, when Brown & Wood’s World Trade Center offices were destroyed, and one employee (among some 600 on the premises) was killed.”
“A filmography is a list of films related by some criterion. For example, an actor’s career filmography is the list of films he or she has appeared in; a director’s comedy filmography is the list of comedy films directed by a particular director. The term, used since at least 1957, is distinct from “videography” and “cinematography“, two mass nouns for processes within the cinematic arts.
“Lawyers in our Global Finance group have substantial experience representing lenders and borrowers in financings relating to the entertainment industry. This extends to the area of film finance, in which Sidley is a recognized leader, having represented commercial banks, hedge funds and private equity funds [As in the CAI Private Equity Group with 50 Special Investors, including the IMDb snuff film 9/11 coordinator, Alexander Haig] as senior lenders, mezzanine lenders, equity investors and borrowers. Our film finance experience is predominately in multi-picture financing transactions, including revolving and term-loan facilities for stand-alone film funds and mini studios, as well as co-financing arrangements with major studios. Sidley also has experience in financings involving television and music revenues. Financing transactions pertaining to those areas typically involve multiple substantive legal disciplines. Our finance team therefore works closely with other Sidley lawyers who offer their experience in securities law, tax, intellectual property and bankruptcy.”
“GARY B. STERN is a partner in Sidley’s Chicago office, practicing in domestic and international finance transactions. Mr. Stern focuses on representing lenders, investors and borrowers in financing transactions in the film and entertainment industry, film financing transactions and other deals involving the financing of intellectual property royalties and revenue streams. Extensive work in the financing and securitization industry representing lenders in transactions involving a variety of assets classes such as auto loans, equipment leases, trade receivables, mortgage loans, servicer advances and timeshares.”