Skip to main content

Are you a legal professional? Visit our professional site

Search for legal issues
For help near (city, ZIP code or county)
Please enter a legal issue and/or a location

Rezner v. Bayerische Hypo-Und Vereinsbank AG, No. 09-16402

Article Placeholder Image
By FindLaw Staff on December 29, 2010 7:43 PM

Suit Alleging Fraudulent Tax Shelters

In Rezner v. Bayerische Hypo-Und Vereinsbank AG, No. 09-16402, an action alleging that defendant engaged in a scheme to defraud the U.S. of tax revenue through fraudulent tax shelters that caused injury to purchasers of such shelters, the court reversed summary judgment for plaintiff where the district court erred in concluding that plaintiff had satisfied the proximate causation requirement for a civil RICO claim.

  • As the court wrote:  "John C. Rezner filed this action against Bayerische Hypo-Und Vereinsbank AG d/b/a HVB Group and HVB Structured Finance, Inc. (collectively "HVB") for violation of the Racketeer Influenced and Corrupt Organizations Act of 1970 ("RICO"), codified at 18 U.S.C. §§ 1961 et seq., and the Unfair Business Practices Act of California ("UCL"), codified at Cal. Bus. & Prof.Code §§ 17200 et seq. Rezner alleges that HVB engaged in a scheme to defraud the United States of tax revenue through fraudulent tax shelters that caused injury to purchasers of such shelters."

    Related Resources

    Find a Lawyer

    More Options