N.Y., Headhunter Win Approval of Whistleblower Tax Fraud Suit

A federal judge in New York approved a $100,000 tax fraud settlement between the state and global headhunter Egon Zehnder over the objections of a whistleblower who initiated the suit.

The whistleblower alleged New York-based Egon Zehnder International Inc. and its Zurich-based parent Egon Zehnder International AG underreported US-based earnings while inflating illegitimate losses, cheating New York and New York City out of millions in taxes.

Judge Lewis J. Liman of the US District Court for the Southern District of New York ruled Wednesday that the whistleblower “has presented no evidence that would call into ...