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Litigation

Sep. 29, 2012

Broadcom co-founder's tax shelter lawsuit dismissed

Broadcom Corp. co-founder Henry Nicholas III's effort to claim hundreds of millions in losses from a tax shelter was rejected last week by a federal district court judge. His lawyer says he'll appeal the ruling.


By Ben Adlin


Daily Journal Staff Writer


Broadcom Corp. co-founder Henry T. Nicholas III's effort to claim hundreds of millions in losses from a tax shelter was dismissed last week by a federal judge.


An attorney representing Nicholas, Jeffrey H. Paravano of Baker & Hostetler LLP, said his client plans to appeal the summary judgment ruling, handed down Sept. 21 by U.S. District Judge David O. Carter of Santa Ana.


The case invo...

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