Lawsuits in the News

A judge has dismissed a lawsuit against a bank from a group of customers who claimed that the bank should have informed them that they had to report their Swiss bank accounts to U.S. tax authorities. The judge likened the suit to “suing one’s parents to recover tax penalties one has paid, on the ground that the parents had failed to bring one up to be an honest person,” adding that the bank “has no duty to treat the plaintiffs like children or illiterates.”

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