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Convicted Trader Can't Toss CFTC Suit Over $100M Loss
By Katryna Perera
A former natural gas commodities trading executive, who is currently serving a three-year prison sentence for defrauding his former employer, must face claims from the Commodity Futures Trading Commission that he hid millions of dollars in trading losses by falsifying entries in the company's accounting system, a New York federal judge has ruled.
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SEC Sues To Enforce Subpoena On Texas Oil Co.
By Gina Kim
The U.S. Securities and Exchange Commission asked a federal judge Thursday to order a Texas oil company and its affiliates to comply with subpoenas in an investigation over possible securities violations through offers and sales of fractional undivided working interests in oil leases, where the company raised about $42.7 million.
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LITIGATION
DEALS
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LEGAL INDUSTRY
Judge's Job Bid Sinks Conn. Atty's Homicide Conviction
By Brian Steele
Former Cramer & Anderson LLP partner Robert L. Fisher Jr. is entitled to a new manslaughter trial because the presiding judge at his original trial "created an appearance of a lack of impartiality" when he did not disclose to the parties that he had applied for an oversight job with the state prosecutor's office, an appeals court ruled Friday.
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Roundup
Balancing The Scales: Diminished Capacity, Sentencing Rules
By Orlando Lorenzo
The Michigan Supreme Court has overturned 25 years of state precedent by reviving the diminished capacity defense, and the justices in Pennsylvania said the Legislature is out of time to craft new sentencing guidelines for second-degree murder. Here, Law360 highlights access to justice stories arising from litigation, verdicts and judgments you may have missed.
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GC Cheat Sheet: The Hottest Corporate News Of The Week
By Sue Reisinger
A California federal judge told Meta that its in-house attorney was absolutely wrong about what constitutes attorney-client privilege and should take an ethics course. And a bipartisan group of 128 ex-judges have asked the Florida Bar to investigate Homeland Security's general counsel for his attacks on sitting judges. These are some of the stories in corporate legal news you may have missed in the past week.
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Law360's Legal Lions Of The Week
By Kevin Penton
Eversheds Sutherland, Pillsbury Winthrop Shaw Pittman LLP and McDermott Will & Schulte lead this week's edition of Law360 Legal Lions, after Maryland's tax court held that the state's first-in-the-nation digital advertising tax violates the federal Internet Tax Freedom Act.
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