The acquittal of a UBS executive by a jury now serves as the blueprint for high-level officials of financial institutions being held accountable for illegally hiding assets of American taxpayers. Taxation Partner Kevin Packman says he was shocked by the jury's verdict.
"It's telling that juries feel quite differently than the feds. Perhaps other bankers will elect to go to trial as opposed to plead out," Mr. Packman said.
READ: Feds Were "Outlawyered" in UBS Case, Experts Say (subscription may be required)
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