Orlando, Fla. (March 17, 2004) -- A federal district court judge here has thrown out a lawsuit against Big Four firm KPMG by a former client who alleged that the accounting firm fraudently convinced him to buy into a tax sheltering strategy it said was "bulletproof."

District Judge Anne Conway ruled that the racketeering claims levied against the firm by plaintiff Joseph Jacoboni were barred under federal law. The decision, issued last week, said Jacoboni could re-file other claims in state court.

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