White Collar

  • July 30, 2021

    Ex-MPAA GC Pleads Guilty To Sex Abuse, Blackmail

    A former general counsel for the Motion Picture Association of America, and former partner at Jenner & Block LLP, pled guilty Friday to charges of third degree sexual abuse and blackmail for alleged threats to expose a woman he met on a dating site unless she had sex with him.

  • July 30, 2021

    Munger Tolles Helped CEO Prep To Testify In Criminal Trial

    Applied Material Inc.'s current CEO testified during a criminal trial Friday that Munger Tolles & Olson LLP partners, who represent Applied in civil trade secret theft litigation that precedes the criminal case, helped him prepare to testify in the government's criminal case against four former Applied employees.

  • July 30, 2021

    Maxwell's Ex-Atty Broke SDNY Rules With Cosby Op-Ed

    A New York federal judge put Ghislaine Maxwell's former lawyer "on notice" over the attorney's opinion piece, which argued that the accused sex trafficker should have her charges dropped like Bill Cosby, finding Friday that it's possible the op-ed could influence potential jurors.

  • July 30, 2021

    Avenatti Lied About $3M NBA Player Deal, Ex-Client Testifies

    One of Michael Avenatti's former clients told the California federal jury in his embezzlement trial Friday that the suspended attorney lied about the terms of her $3 million settlement with NBA player Hassan Whiteside, leading her to believe it was Whiteside's fault she wasn't receiving the money.

  • July 30, 2021

    6th Circ. Backs Mich. Cannabis Co. Owner's 15-Year Sentence

    The Sixth Circuit on Friday shot down a Michigan marijuana dispensary owner's bid to overturn his convictions for conspiracy and nine federal marijuana-related offenses, as well as his sentence of over 15 years in prison, finding that he was not in compliance with the state's medical marijuana law.

  • July 30, 2021

    SEC Raises The Disclosure Bar For China-Based IPO Seekers

    The U.S. Securities and Exchange Commission on Friday announced a series of new disclosure requirements that will make it harder for Chinese companies to launch IPOs in the U.S., answering calls by lawmakers who say the Chinese government may be intentionally exploiting U.S. investors.

  • July 30, 2021

    Ex-Deutsche Traders Get Bail During Spoofing Appeal

    Two former Deutsche Bank gold and silver traders convicted of spoofing will stay out of jail as they appeal, with a Chicago federal judge ruling Thursday that the men's primary argument over a jury instruction may "very well" be decided in their favor by the Seventh Circuit.

  • July 30, 2021

    Exxon Again Seeks Win In Indonesian Human Rights Suit

    Exxon has again asked a D.C. federal court to put a clean end to decades-old litigation seeking to hold the company liable for human rights abuses Indonesians allegedly suffered at the hands of the country's soldiers when they were purportedly providing security for the oil giant, arguing there is no evidence to suggest the company bears any blame for the military's actions.

  • July 30, 2021

    Judge Won't Make Hoops Trial Convicts Serve Time Just Yet

    A federal judge in Manhattan has rejected a request by prosecutors to set a prison date for an aspiring basketball business manager and a former Adidas hoops consultant convicted in the college hoops corruption crackdown as their previous sentences in a related case are on hold while they seek U.S. Supreme Court review.

  • July 30, 2021

    2nd Circ. Revives Contract Suit Against Fee-Transferring Attys

    A convicted arms trafficker may pursue breach of contract claims against attorneys who pocketed a retainer fee he says should have been refunded when one of the attorneys left the case, the Second Circuit ruled on Friday.

  • July 30, 2021

    DOJ Tells Treasury To Give Trump's Returns To House Panel

    The U.S. Department of Justice recommended that the Treasury Department disclose former President Donald Trump's personal tax returns, along with those for eight of his businesses, to the House Ways and Means Committee, according to a slip opinion published Friday.

  • July 30, 2021

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

    This past week in London has seen Cantor Fitzgerald & Co. sue an Indian bank, eight insurers go after British construction giant John Wood, and Visa and MasterCard face new competition claims. Here, Law360 looks at those and other new claims filed in the U.K.

  • July 30, 2021

    Ex-SFO Official Says ENRC Was On Course For Charges

    A former Serious Fraud Office investigator testified Friday that Eurasian Natural Resources Corp. was heading toward criminal charges after a Dechert attorney revealed suspicions that the mining company had breached sanctions and bribed African officials.

  • July 29, 2021

    Avenatti Was 'Anxious' To Get NBA Player's $3M, Atty Testifies

    A Katten Muchin Rosenman LLP partner who represented NBA player Hassan Whiteside told the California federal jury in Michael Avenatti's embezzlement trial Thursday that Avenatti appeared "anxious" to receive the $3 million settlement he negotiated for Whiteside's ex-girlfriend, saying Avenatti sent multiple inquiries before the money was even due.

  • July 29, 2021

    SEC Accuses Broker-Dealer Of Violating 'Short Tender Rule'

    Brokerage firm Lupo Securities violated the "short tender rule" and acquired more shares of Leidos Holdings than it was entitled to during Leidos' 2016 spinoff from Lockheed Martin Corp., the U.S. Securities and Exchange Commission alleged in a suit filed Thursday.

  • July 29, 2021

    House Backs Big Boost To FinCEN's Budget In Spending Bill

    The Financial Crimes Enforcement Network would receive tens of millions of dollars in additional funding under the federal spending package approved by the U.S. House on Thursday, which would be the agency's biggest budget boost in years.

  • July 29, 2021

    FinCEN's New Adviser Aims To Crack Down On Crypto Crime

    Michele Korver's career has led her into the deepest parts of the criminal underworld, hunting criminals who use digital currencies to finance their misdeeds. But as debate rages over the regulation of digital assets, there are no hard feelings regarding crypto from Korver, who became the Financial Crimes Enforcement Network's first-ever chief digital currency adviser this month.

  • July 29, 2021

    House Gives SEC $73M Boost, Blocks Trump-Era Proxy Rules

    The U.S. House of Representatives voted to approve a bill Thursday giving the U.S. Securities and Exchange Commission a $73 million funding boost over fiscal year 2021, while blocking the agency from using the funds to implement controversial Trump-era proxy voting rules.

  • July 29, 2021

    GE Opposes Energy Co.'s Fast-Track Appeal Bid In $1.1B Case

    GE has asked the Second Circuit not to expedite an Angolan energy company's appeal of a lower court order dismissing a $1.1 billion contract forgery suit on the grounds that the case should go to an Angolan forum, arguing that its challenge doesn't merit such special treatment.

  • July 29, 2021

    Ex-Goldman Analyst Gets 1 Month For Insider Trading Scheme

    A former Goldman Sachs analyst and Hollywood screenwriter who admitted to passing insider trading tips to an NFL linebacker was sentenced to one month in prison Thursday in Pennsylvania federal court, officials and his lawyer confirmed.

  • July 29, 2021

    Sen. Urges Review Of Nassar's Prison Account Spending

    U.S. Sen. Roger Wicker of Mississippi called Wednesday for the attorney general to review federal prison policies that allowed serial sex abuser Larry Nassar, the former USA Gymnastics doctor, to spend thousands of dollars on himself while failing to pay restitution to victims, calling it an "egregious miscarriage of justice."

  • July 29, 2021

    4 Areas EPA Could Expand With House's 23% Budget Boost

    With the House approving its biggest budget boost in a decade, the U.S. Environmental Protection Agency is potentially poised to go on a hiring spree, increase its funding for programs at the state and tribal level, ramp up enforcement efforts and expand its commitment to environmental justice issues.

  • July 29, 2021

    Royal Bank Of Canada Unit Let Out Of Forex Rigging Suit

    A subsidiary of the Royal Bank of Canada has been let out of an investor suit brought against more than a dozen global banks for allegedly plotting to manipulate foreign exchange rates, with a New York federal judge granting a dismissal bid for the subsidiary but not the parent company.

  • July 29, 2021

    FedEx, Others Must Give IRS Panama Offshore Account Info

    A federal judge will allow the IRS to obtain from couriers and financial institutions, including FedEx and Bank of America, records of individuals who may have used Panamanian offshore service providers to hide assets, the U.S. Justice Department said Thursday.

  • July 29, 2021

    Senators Back Drug Conviction Expungement Expansion

    A bipartisan group of U.S. senators have thrown their support behind legislation that would expand the eligibility for some defendants to seek the expungement of certain nonviolent, first-time simple federal drug possession offenses from their criminal records.

Expert Analysis

  • Opinion

    DC Court Is Wrong On Jan. 6 Grand Jury Evidence Sharing

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    The D.C. federal court erred recently when it denied the government's request to share grand jury materials from U.S. Capitol riot cases with a private contractor hired to organize the voluminous evidence, turning the practical grand jury secrecy doctrine into a straitjacket, says Steven Gordon at Holland & Knight.

  • A Potential Shift In Antitrust Deferred Prosecution Agreements

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    The U.S. Department of Justice's deferred prosecution agreement with Argos suggests that the Antitrust Division may be changing its approach to evaluating compliance policies, placing less emphasis on a program's adequacy at the time of the offense, say attorneys at McDermott.

  • What To Expect Under New SEC Enforcement Director Grewal

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    Newly appointed U.S. Securities and Exchange Commission Director of Enforcement Gurbir Grewal’s record as a public servant provides insight into the SEC’s likely priorities for the coming year, and firms should expect him to work closely with Chair Gary Gensler in pursuing an aggressive enforcement agenda, say attorneys at Ropes & Gray.

  • Responding To Fraud Charges Based On Trade Data Analytics

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    Anthony Barkow and Charles Riely at Jenner & Block examine recent charges against a Canadian hedge fund manager to highlight how defense practitioners can appraise suspicious trading pattern evidence gleaned from the U.S. Securities and Exchange Commission's data analytics.

  • How Tax Code Changes Affect State AG Settlement Talks

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    Meghan Stoppel and Gianna Puccinelli at Cozen O'Connor discuss how newly implemented tax code regulations that allow companies to deduct some payments made to resolve a government investigation or prosecution will change settlement negotiations with state attorneys general.

  • Law Firms, Know Who's Responsible For Your Cloud Security

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    Lawyers generally know that files go into the cloud and that the files are then secured and protected, but it's necessary for firms to take a closer look at their cloud supply chain and then come up with a responsibility matrix that helps mitigate any potential risks or weaknesses, says Martin Ward at iManage.

  • Benefits For Law Firms Venturing Into New Services

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    By offering more services, law firms can deepen and strengthen their client relationships and truly become an extension of their clients' teams while generating new revenue streams, and while there are risks associated with expanding into consulting, they may be worth it, says Lou Ramos at Major Lindsey.

  • How Anti-Corruption Push Affects US Cos. Operating Abroad

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    A recent Biden administration memo, and an anticipated increase in enforcement related to transnational fraud, money laundering and corruption, means that U.S. companies and financial institutions with operations abroad should take concrete steps to stave off U.S. Department of Justice scrutiny, says Andrey Spektor at Bryan Cave.

  • The Texas Legal Battle That Absent Legislators Could Face

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    As the Texas governor plans to arrest the more than 50 Democratic members of the Texas House of Representatives who left the state to deny Republicans a quorum to pass new voting rules, there is the potential for a constitutional stalemate between the Legislature's authority to compel a quorum and the courts' habeas powers, say Matt Hennessy and David Gerger at Gerger Hennessy.

  • Series

    Embracing ESG: Exelon GC Talks Diversity Initiatives

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    Executing a commitment to diversity, equity and inclusion programming, through recruitment, inclusive legal pipelines and community empowerment via pro bono efforts, can ensure a strong environmental, social and governance proposition, says Gayle Littleton at Exelon.

  • How Tech Cos. Can Guard Against DOJ Gag Orders

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    In light of recent criticism technology companies have faced over compliance with Stored Communications Act nondisclosure orders from the U.S. Department of Justice, companies can protect themselves and their customers through formal policies, contractual provisions and First Amendment challenges, say Kellen Dwyer and Kim Peretti at Alston & Bird.

  • Revamping Law Firm Marketing Lists — With Partner Buy-In

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    Jackson Lewis’ Paige Bowser shares lessons from the firm's recent overhaul of an outdated email marketing database, including tips for getting partners on board, ensuring compliance with privacy laws and augmenting outreach strategies.

  • First 2021 Corporate FCPA Case Offers Compliance Reminders

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    Foster Wheeler's recent Foreign Corrupt Practices Act settlement — the first corporate enforcement action since President Joe Biden took office — highlights the FCPA risks related to public contracting and tenders, the use of third-party agents, successor liability following M&A activity, and the U.S. authorities' aggressive assertion of jurisdiction in international corruption cases, says Robert Johnston Jr. at Lowenstein Sandler.

  • NFTs May Come With Rewards, But Also Legal Risks

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    While some buyers of nonfungible tokens are experiencing enormous returns on their investments, those just entering the market should proceed with caution, and be sure to understand the risks related to contracts, taxation, intellectual property and money laundering regulations, says Anne-Laure Alléhaut at Patterson Belknap.

  • Gov't Contractor Input Vital After Biden Cybersecurity Order

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    The Office of Management and Budget's upcoming recommendations for improving U.S. cybersecurity defenses, following President Joe Biden's recent executive order, could create burdensome obligations for government contractors, so it's important for the government to actively engage with the industry during the rulemaking process, say executives at Leidos.

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