'Phantom Income' Haunting Ex-Howrey Partners

, The Am Law Daily

   | 1 Comments

A $41 million settlement reached by the Howrey estate and Baker & Hostetler last year may have been a windfall for the defunct firm's creditors, but it will result in substantial tax bills for former Howrey partners—three of whom insist they shouldn't have to pay.

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    Obviously they were not tax lawyers.

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