Sidley tax shelter head gets marching orders

Sidley Austin Brown & Wood has fired the controversial head of its tax shelter practice for breaches of fiduciary duty and violations of the partnership agreement. The dismissed partner, RJ Ruble, was among the nation’s leading providers of opinion letters blessing tax shelters for corporations and wealthy individuals, some of whom have since sued the firm. The Internal Revenue Service sued Sidley on 14 October seeking information on clients that have used tax shelters. In a statement, the firm said it was firing Ruble, 58, for misconduct unrelated “to the substance of opinions at issue in current litigation or to any ongoing tax work for existing clients”. It said its actions were based on activities by Ruble that it only became aware of on 23 October. First revealed on 29 October