Prosecutors showed a Manhattan jury dozens of documents tying former Locke Lord LLP partner Mark S. Scott to OneCoin founder Ruja Ignatova, also known as “Cryptoqueen,” on Friday in their $400 million money laundering case as a British investment pro told jurors that the ties were neither affirmatively disclosed nor actively disguised. 
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Monday, November 11, 2019 Follow Law360


Pile Of Docs Ties Ex-BigLaw Atty To OneCoin’s ‘Cryptoqueen’

Prosecutors showed a Manhattan jury dozens of documents tying former Locke Lord LLP partner Mark S. Scott to OneCoin founder Ruja Ignatova, also known as “Cryptoqueen,” on Friday in their $400 million money laundering case as a British investment pro told jurors that the ties were neither affirmatively disclosed nor actively disguised. 

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Ex-UN Diplomat Spared Prison For Taking $1.5M In Bribes

A Manhattan federal judge sentenced a former United Nations diplomat on Friday to time served and community service after he pled guilty to a bribery scheme involving top officials and millions of dollars, citing his early cooperation with prosecutors.

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Boies Sues Dershowitz For Defamation Over Epstein Fracas

David Boies hit embattled lawyer Alan Dershowitz with a defamation lawsuit in New York state court Friday, saying the Harvard law professor left him no choice after lobbing a string of incendiary extortion allegations against him and the Jeffrey Epstein accusers he represents.

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Ex-White & Case Client Says Firm Tried To Extort $1M Fees

A San Francisco-based cosmetics company has hit White & Case LLP with a lawsuit in New York state court, accusing its former legal counsel of pursuing a "campaign of extortion" against it and repeatedly threatening to disclose its confidential client information to extract nearly $1 million in exorbitant legal fees.

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Trump Rape Accuser: Secret Service Blocked Process Servers

A columnist who has accused President Donald Trump of raping her in a dressing room 23 years ago claimed on Friday that her attempts to serve the president with New York state court papers have been rebuffed by the U.S. Secret Service.

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L’Oreal Buyers Ask 2nd Circ. To Revive Defective Pump Suit

L'Oreal lotion buyers are asking the Second Circuit for another shot at a suit alleging the company sold products in defective pump bottles, saying the district court was mistaken in finding their claims were preempted by federal law.

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Brand Battles: Frito-Lay Fights Vice Media Over 'Munchies'

In Law360's latest roundup of new actions at the Trademark Trial and Appeal Board, Frito-Lay and Vice Media fight over their dueling "Munchies" brands, the owners of the Empire State Building move to shut down logos featuring the iconic tower, and the NCAA aims to bust a "Bracket."

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Pepsi Retirees Get 2nd Chance At Suit Over Pension Benefits

A New York federal judge has given a proposed class of married PepsiCo retirees another shot at bringing an ERISA suit accusing the company of shorting them on pension benefits, though he refused to budge on the claims he already dismissed from the case.

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Fund Lost Millions In Mozambique Loan Fraud, Jury Told

A former portfolio manager at AllianceBernstein on Friday testified of how the hedge fund lost millions of dollars from its stake in a Mozambican government-backed loan, which prosecutors say was tainted by a bribery scheme led by Privinvest executive Jean Boustani.

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$12M FCA Suit Over 'Assembly Line' Care Settled By Hospital

Northwell Health Inc. and its affiliate will pay $12.3 million to settle claims the New York teaching hospital violated the False Claims Act by submitting Medicare claims for procedures only partially performed or supervised by attending surgeons, the U.S. Department of Justice announced Friday.

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Kmart Seeks $7.7M In Clawbacks From Vendors, Contractors

Sears Holding Corp. subsidiary Kmart is asking a New York bankruptcy judge to claw back nearly $7.7 million paid to vendors and contractors in the three months prior to Sears' Chapter 11 filing.

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Bankrupt Undersea Cable Firm Ditches Ch. 11 Sale Plans

Bankrupt undersea cable company Global Cloud Xchange announced Friday it has vacated a sale process in its Delaware Chapter 11 and is moving forward with plans to emerge as a standalone company when it completes its reorganization.

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Zohar Funds Want Tilton Suit Sent To Del. Bankruptcy Court

Company investment vehicles the Zohar Funds are urging a federal court to send litigation with founder Lynn Tilton over ownership of the funds’ portfolio companies to Delaware bankruptcy court, asserting the First State has jurisdiction over the dispute because it impacts Zohar’s Chapter 11 there.

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2nd Circ. Rejects Deutsche Bank Whistleblowers' Award Bid

The Second Circuit declined Friday to overturn the U.S. Securities and Exchange Commission’s denials of several whistleblower claims for portions of a $55 million fine paid by Deutsche Bank, ruling in part that the agency can cut out a whistleblower who submits useful information first but packages it in an impenetrable format.

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Trump To Appeal Tax Subpoena To High Court In Next Week

President Donald Trump within the next week will ask the U.S. Supreme Court to decide whether his accounting firm is required to furnish his tax returns to the Manhattan district attorney, his legal team said Friday. 

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NY Tribe Must Pay $255M Arbitration Award To State

A New York federal judge ruled Friday that the Seneca Nation is on the hook for over $255 million in unpaid casino revenue under its state gaming compact, saying an arbitration panel hadn’t ignored the Indian Gaming Regulatory Act in awarding the money to New York.

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Real Estate Rumors: Abingdon Square, Madison, Goldman

Abingdon Square Partners is reportedly leasing nearly 17,000 square feet in Brooklyn, Madison Realty Capital is said to have provided $46 million for a Queens hotel project, and Goldman Sachs is reportedly among a syndicate of lenders on a $1.2 billion financing package for a Miami Beach resort.

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Taxation With Representation: Shearman, Skadden, Pillsbury

In this week’s Taxation with Representation, Canada’s pension board acquires a California-based energy company for $6.1 billion, Stryker acquires Wright Medical Group for $4 billion, and aircraft component producer Kaman buys Bal Seal Engineering for $330 million.

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A Better Specific Jurisdiction Test For Cross-Border Discovery

The Second Circuit's nonparty jurisdictional criteria for Section 1782 discovery purposes in a foreign proceeding — laid out in its recent Application of Antonio Del Valle Ruiz decision — is murky, difficult to apply and inequitable; I propose a simpler, fairer test, says Gilbert Samberg of Mintz.

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State Net

States' Vaping Bans Face Legal Hurdles

With a still-developing outbreak of lung injuries linked to vaping, and e-cigarette bans in some states already blocked by courts, regulatory maneuvering over this issue is likely to be a major policy concern in the months to come, says Dave Royse of State Net Capitol Journal.

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Can BigLaw Address Mental Health Without Touching Hours?

A number of law firms have unveiled well-being programs in which lawyers are given the tools to meditate, do yoga, be mindful and build gratitude, but some say those efforts are practically meaningless if attorneys are also expected to work as many as 90 hours a week.

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Sedgwick Floats New Bankruptcy Settlement With Ex-Partners

Defunct firm Sedgwick LLP is inching closer to wrapping up its Chapter 11 bankruptcy proceeding, with the firm and creditors filing a joint liquidation plan Thursday that would also conclude its efforts to claw back funds from 47 former equity partners.

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Insurer Ends $6M Suit Against Buckley Over Founder's Exit

D.C. financial services firm Buckley LLP and an insurance company that revealed that founder Andy Sandler’s abrupt exit was triggered by an internal misconduct investigation have agreed to end a federal suit over a $6 million insurance claim.

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Ex-Jones Day Couple Back Up Bid For New Brief In Bias Case

The married ex-associates challenging Jones Day’s family leave policy asked again Friday for a Washington, D.C., federal judge to let them file another brief opposing the legal giant’s bid to toss their suit, calling the firm’s defense an “astonishing desertion” of earlier arguments.

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Busy Calif. District May Get New Judges After 5-Year Wait

The Central District of California may receive its first new judges in half a decade after the Senate Judiciary Committee announced Friday that two nominees will soon appear for the first-ever confirmation hearing for California trial court picks during the Trump administration.

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Looking Back At Chief Justice Strine's Sharpest One-Liners Law360 Video

For nearly five years, Delaware Supreme Court Chief Justice Leo E. Strine Jr. commanded the courtroom with piercing inquiry that earned him both admiration and criticism. He also had little patience for off-point or mushy arguments during the court's ruthlessly enforced 25 minute-per-side schedule and was not afraid to show it.

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Ex-GC Of Thiel Venture Fund Says Director Lied To Investors

A director at a venture capital firm co-founded by Peter Thiel “repeatedly” lied about investments and oversight of the business, the firm's ex-general counsel alleges in a lawsuit filed in California federal court.

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Rosen To Helm Manipulation Suit Against Litigation Funder

A New York federal court appointed The Rosen Law Firm PA as lead counsel in a proposed class action alleging litigation finance firm Burford Capital Ltd. has been manipulating its metrics to mislead investors and obscure serious financial problems.

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Record $125M Donation Puts 'Carey' Name On Penn Law

The University of Pennsylvania received the nation’s largest-ever donation to a law school from the W.P. Carey Foundation and will rename the institution the University of Pennsylvania Carey Law School, the university has announced.

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Up Next At High Court: DACA Shutdown, Border Killings

The U.S. Supreme Court will consider the Trump administration's decision to wind down the Obama-era Deferred Action for Childhood Arrivals program for childhood immigrants and whether the parents of a slain Mexican teenager can sue the border agent who killed him, in what's expected to be a dramatic week of oral arguments to close out the November session.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

A New York data security law could expose a range of businesses to increased enforcement, and panelists warned a U.S. Securities and Exchange Commission committee that regulators should not move forward on expanding access to certain private offerings. These are some of the stories in corporate legal news you may have missed in the past week.​

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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Law360's Pro Say: Justices Debate Clean Water And Whiskey

The U.S. Supreme Court this week heard a closely watched case about the reach and the limits of federal clean water laws — arguments that hit not only pollution and groundwater but also whiskey, punch bowls and the novels of Agatha Christie. Law360 senior environmental law reporter Juan Carlos Rodriguez joins the show this week to break it all down.

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