Shelters Suits

The Eli Home, a shelter for abused women and children that was honored by two U.S. Presidents, is seeking more than $19.5 million in general and punitive damages from three neighbors in a lawsuit charging they are scaring off donors by making false statements about the shelter.

Big Four accounting firm KPMG and law firm Sidley Austin Brown & Wood have agreed to pay $195 million to investors to settle a lawsuit over questionable tax shelters. The class action centered on tax shelters sold by KPMG from 1996 to 2002. The same shelters were involved in KPMG's agreement in August to pay $456 million to settle a federal tax shelter investigation.

As a feud heats up between Eli Home officials and its neighbors, City Councilman Lou Lopez on Thursday called for an investigation into allegations that the shelter for abused women and children is misusing donated funds. "We need to make sure they are in good standing and financially sound," Lopez said. "I think for the good of the Eli Home, we should clear this matter up." Earlier this week, the Eli Home filed a $19.

As a feud heats up between Eli Home officials and its neighbors, City Councilman Lou Lopez on Thursday called for an investigation into allegations that the shelter for abused women and children is misusing donated funds. "We need to make sure they are in good standing and financially sound," Lopez said. "I think for the good of the Eli Home, we should clear this matter up." Earlier this week, the Eli Home filed a $19.

The Drexel Burnham Lambert investment bank and Executive Life, a Los Angeles insurance firm, will pay about $30 million to settle a class-action lawsuit brought on behalf of 4,200 people who invested through a North Hollywood tax-shelter promoter that the two companies helped finance, according to court records and lawyers familiar with the case. The settlement is expected to be presented today for approval to U.S. District Court Judge A. Andrew Hauk in Los Angeles.

Big Four accounting firm KPMG and law firm Sidley Austin Brown & Wood have agreed to pay $195 million to investors to settle a lawsuit over questionable tax shelters. The class action centered on tax shelters sold by KPMG from 1996 to 2002. The same shelters were involved in KPMG's agreement in August to pay $456 million to settle a federal tax shelter investigation.

The Eli Home, a shelter for abused women and children that was honored by two U.S. Presidents, is seeking more than $19.5 million in general and punitive damages from three neighbors in a lawsuit charging they are scaring off donors by making false statements about the shelter.

The Drexel Burnham Lambert investment bank and Executive Life, a Los Angeles insurance firm, will pay about $30 million to settle a class-action lawsuit brought on behalf of 4,200 people who invested through a North Hollywood tax-shelter promoter that the two companies helped finance, according to court records and lawyers familiar with the case. The settlement is expected to be presented today for approval to U.S. District Court Judge A. Andrew Hauk in Los Angeles.