White Collar

  • March 05, 2021

    Sens. Revive Push To Ban Sentencing For Acquitted Conduct

    The U.S. Senate Judiciary Committee's top two members introduced a bill Thursday to bar judges from considering acquitted conduct in sentencing, a practice that Justice Clarence Thomas and late Justices Ruth Bader Ginsburg and Antonin Scalia wanted to review as far back as 2014.

  • March 05, 2021

    NY Man Pleads Guilty To Face Mask Hoarding, Price-Gouging

    A New York man pled guilty on Friday to hoarding personal protective equipment at the start of the coronavirus pandemic and then selling it — sometimes at a 500% markup — online and at his pizzeria, attempting to profit off the global crisis in violation of the Defense Production Act of 1950.

  • March 05, 2021

    DC Dist. To Begin Jury Trials In March Amid Pretrial Backlog

    The top judge for the U.S. District Court in Washington, D.C., said Friday that the court will restart criminal jury trials on a limited basis on March 15, citing the "generally improving state" of the coronavirus pandemic locally and the "lengthy pretrial delay being experienced by many defendants."

  • March 05, 2021

    Ex-Foundation Exec Avoids Prison For UN Bribery Scheme

    The former finance director of a Manhattan-based economic development organization on Friday avoided any prison time for her role in a scheme to facilitate bribe payments to the president of the United Nations General Assembly.

  • March 05, 2021

    Stanford Receiver Urges $79M Ponzi Clawback Citing 5th Circ.

    The court-appointed receiver of Stanford International Bank asked a Texas federal judge late Thursday to enter a final judgment in his $79 million fraudulent transfer clawback claim against a group of the bank's investors after a Fifth Circuit panel mandated a return of the funds.

  • March 05, 2021

    Water Plant Hack Underscores Utilities' Glaring IT Risks

    A hacker's recently foiled attempt to poison a small Florida city's water supply has drawn attention to the risks of public utilities not following up-to-date cybersecurity standards, as providers often struggle to find room in tight budgets for cybersecurity upgrades, attorneys say.

  • March 05, 2021

    Opioid Litigation Is Prying Open Vaults Of Big Pharma Secrets

    In an unveiling with few historical parallels, major pharmaceutical corporations are poised to settle sweeping opioid litigation by agreeing to publicize millions of pages of internal documents illustrating how they marketed and sold narcotic painkillers amid a dire addiction epidemic, according to lawyers and court records.

  • March 05, 2021

    Raymond James Fights $8M Deal In Jay Peak EB-5 Fraud Case

    Investment bank Raymond James & Associates opposed on Thursday a proposed $8 million settlement that would resolve claims against law firms implicated in the failed Jay Peak ski resort EB-5 immigrant investor scam, arguing that the deal doesn't account for its entitlement to 75% of the resort receiver's proceeds.

  • March 05, 2021

    Son Of Panama Papers Tax Dodger Cops To Tax Evasion

    The son of a businessman convicted in the Panama Papers tax evasion scandal has pled guilty to three counts and sentenced to time served, according to a judgment filed in federal court.

  • March 05, 2021

    US Blacklists Ex-PrivatBank Owner For Corruption

    The United States said Friday it placed a travel ban on a Ukrainian oligarch and former owner of PrivatBank for his involvement in "significant" corruption as an investigation relating to an alleged money laundering scheme involving billions stolen from the bank remains ongoing.

  • March 05, 2021

    'Despicable' Fraud Keeps Morgan Stanley Adviser In Prison

    A former Morgan Stanley financial adviser will not be allowed out of prison due to COVID-19 risks, a judge said Friday, citing the "irony" of the convicted man asking to care for his aging parents after swindling an elderly victim in a "despicable" fraud scheme.

  • March 05, 2021

    Apple Beats ITunes Gift Card Scam Assistance Suit, For Now

    A California federal judge Thursday tossed a lawsuit alleging Apple doesn't try to combat thieves who trick people into making payments with iTunes gift cards because the tech giant gets to keep a chunk of the scammed proceeds, saying the complaint doesn't show that Apple substantially helps the thieves.

  • March 05, 2021

    Chicago Political Operative Denies Bribing City Officials

    A Chicago political operative accused of bribing a former alderman and public school official to obtain benefits for his clients pled not guilty in federal court in Illinois Friday to wire fraud and other charges.

  • March 05, 2021

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Scotland's ferry services sue its insurer, Britain's new high-speed rail service face another contract challenge and an ex-Qatari prime minister's company hit with a new suit. Here, Law360 looks at those and other new claims in the U.K.

  • March 05, 2021

    Software Pioneer John McAfee Indicted In Crypto Case

    Antivirus software innovator John McAfee and his bodyguard have been indicted on fraud and money laundering conspiracy charges for fraudulently touting various cryptocurrencies on Twitter to further two separate schemes, Manhattan federal prosecutors said Friday.

  • March 04, 2021

    Banks, Ex-Merrill Traders Defeat Investors' Spoofing Case

    A New York federal judge on Thursday threw out a consolidated shareholder lawsuit against Bank of America, Morgan Stanley and two former Merrill Lynch traders over alleged spoofing in the precious metals futures market, ruling that the shareholders waited too long to bring their claims.

  • March 04, 2021

    Centra Tech Boss Gets 8 Years For $36M Crypto Scam

    The founder of Centra Tech Inc. on Thursday was sentenced to eight years in prison over a scheme that conned victims into investing more than $36 million into the cryptocurrency company that claimed to offer a digital currency payment card.

  • March 04, 2021

    Ill. Atty Pleads Not Guilty To Embezzling $31M From Bank

    A Chicago attorney and several former employees and executives of the shuttered Washington Federal Bank for Savings were among 10 defendants who pled not guilty Thursday to charges that they conspired in an elaborate scheme to embezzle tens of millions of dollars from the Chicago bank before it closed.

  • March 04, 2021

    GM, Fiat Chrysler Spar Over RICO Standing In 6th Circ.

    A Sixth Circuit panel on Thursday questioned whether General Motors can continue pursuing allegations that rival automaker Fiat Chrysler strategically bribed former United Auto Workers senior officials to saddle GM with higher labor costs, indicating it's difficult to draw direct connections between Fiat Chrysler's actions and GM's collective bargaining results.

  • March 04, 2021

    Whistleblowers Tell Texas Panel To Toss Paxton's Challenge

    The whistleblowers suing Texas Attorney General Ken Paxton for firing them after they reported his alleged wrongdoing to the FBI told a Texas appellate court on Thursday to toss an appeal lodged Monday that halted proceedings because it is meritless and the panel doesn't have authority to hear it.

  • March 04, 2021

    'Pharma Bro' Shkreli Hit With 1st Private Antitrust Suit

    Blue Cross and Blue Shield's Minnesota unit hit Martin Shkreli on Thursday with what appears to be the first proposed private antitrust class action against the incarcerated "pharma bro," following in the wake of a 2020 Federal Trade Commission case that made similar claims. 

  • March 04, 2021

    Prosecutors In Texas AG Fraud Case Ask For Oral Arguments

    The special prosecutors pursuing felony securities fraud charges against Texas Attorney General Ken Paxton have urged the appellate court that stayed the case in October to hear oral arguments over whether the suit belongs in Collin County or Harris County.

  • March 04, 2021

    GableGotwals Nabs Long-Serving DOJ Attorney Trent Shores

    Former U.S. Attorney for the Northern District of Oklahoma and longtime Justice Department attorney Trent Shores is joining GableGotwals' Tulsa office as a shareholder, the firm has announced.

  • March 04, 2021

    1st Circ. Won't Vacate Conviction Tied To Rwandan Genocide

    The First Circuit denied a Rwandan woman's habeas corpus petition on Wednesday, finding that a faulty jury instruction that had led to her criminal conviction would not have yielded a different outcome if corrected.

  • March 04, 2021

    Swedish Crypto Fraudster Cops To $16M Investment Scheme

    A Swedish hotelier accused of using the proceeds of a $16 million investment scam to buy a resort in Thailand pled guilty Wednesday to running the scheme and laundering money through various platforms, including popular cryptocurrency exchange Coinbase.

Expert Analysis

  • Ethics Tips For Attorneys Telecommuting Across State Lines

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    Attorneys working remotely from jurisdictions in which they are not admitted should take precautionary steps to avoid engaging in unauthorized practice of law, say John Schmidt and Michael Seaman at Phillips Lytle.

  • 6 Ways Legal Employers Can Help Pandemic-Weary Parents

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    Parenting during the pandemic has introduced a series of competing personal and professional obligations for attorneys and professional staff, and even organizations that are supportive of their parent employees can take steps to do better, says Meredith Kahan at Saul Ewing.

  • Remote Working Tips For Lawyer Trainees And Their Firms

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    The prospect of joining a law firm during the pandemic can cause added pressure, but with a few good practices — and a little help from their firms and supervising attorneys — lawyer trainees can get ahead of the curve while working remotely, say William Morris and Ted Landray at King & Spalding.

  • Mitigate Key FCPA Risks With Tailor-Made Compliance

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    Multinational companies should take a pragmatic approach to Foreign Corrupt Practices Act compliance by being aware of key risk areas — such as inappropriate gift-giving, liability for third-party actions, and countries with recurring corruption issues — and implementing custom-designed procedures that evolve with their operations, says Howard Weissman at Miller Canfield.

  • Too Wealthy To Bail: Navigating Pretrial Release Strategy

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    Recent noteworthy bail decisions, including a New York federal court's denial of Ghislaine Maxwell's $28.5 million bail package offer, reveal that high-net-worth defendants should demonstrate significant ties to the U.S. and provide comprehensive financial disclosures to mitigate flight-risk objections, say Sean Buckley and Amanda Tuminelli at Kobre & Kim.

  • What Biden's Ethics Pledge Means For Gov't Revolving Door

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    Attorneys at Nossaman look at how President Joe Biden’s ethics pledge goes beyond those of his predecessors by imposing post-employment shadow lobbying and golden parachute restrictions on his administration’s appointees — and how a House bill proposing expansion of federal ethics law could affect enforcement.

  • Opinion

    Punishing Bar Exam Policies On Menstrual Products Must Go

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    Law graduates across the states are sitting for the grueling two-day bar exam this week despite menstruation-related barriers, such as inadequate menstrual product and bathroom access, which could be eradicated with simple policy tweaks, say law professors Elizabeth Cooper, Margaret Johnson and Marcy Karin.

  • Takeaways From DOJ Fraud Section's Pandemic Year

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    The U.S. Department of Justice's Criminal Division report on the Fraud Section's accomplishments in 2020 reveals impressive enforcement productivity, despite pandemic-related limitations, and we should expect to see a significant increase in prosecution later this year, say Kevin Muhlendorf and Holly Wilson at Wiley.

  • It's Time For Law Firms To Start Loving And Leveraging Data

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    The volume and diversity of data managed by law firms today — from client files to internal financial records — may seem daunting, but when properly organized, good data can help practitioners stay competitive by providing sharper insight into firm resources and cost of work, say Jaron Luttich and Barry Wiggins at Element Standard.

  • Keys To Protecting Clients During Law Firm Dissolution

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    Whether a law firm dissolution is amicable or adversarial, departing attorneys should take steps to maintain their legal and ethical responsibilities toward clients, and beware client confidentiality pitfalls when joining new firms, say John Schmidt and Colin Fitzgerald at Phillips Lytle.

  • Compliance Lessons From Toyota's Clean Air Act Settlement

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    The recent Clean Air Act settlement between the U.S. Department of Justice, the U.S. Environmental Protection Agency and Toyota holds important lessons for companies about the importance of robust compliance programs and the perils of disregarding prior agreements with the government, says Jeffrey Corey at Parsons Behle.

  • When Domestic Securities Fall Outside Scope Of Federal Law

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    The Second Circuit’s recent opinion in Cavello Bay Reinsurance v. Stein, which held a private securities sale was extraterritorial despite several ties to New York, underscores that how transaction agreements are structured could affect whether a deal may be subject to federal securities laws — especially in an increasingly remote world, say attorneys at Cleary.

  • 2nd Circ. Brady Ruling Highlights Use Of Classified Info Act

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    The recent Second Circuit decision in U.S. v. Stillwell, remanding claims that the U.S. Department of Justice withheld Brady material, illustrates how a little-known section of the Classified Information Procedures Act can be applied to protect information in criminal cases, say attorneys at Sullivan & Cromwell.

  • How Case Management Orders Can Support New Attorneys

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    Courts are leading the way in ensuring oral argument opportunities for newer attorneys by incorporating innovative language in a variety of orders, and private parties can and should follow suit by incorporating similar language into case management orders, say Megan Jones and Halli Spraggins at Hausfeld.

  • Effective E-Discovery Of Chat Apps In Gov't Investigations

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    With the increasing reliance on multiple messaging applications for business conversations in the remote working environment, companies can implement several best practices for collecting, reviewing and producing data, despite an absence of guidance on discovery obligations in government investigations, say Jason Weinstein and Katie Dubyak at Steptoe & Johnson.

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