White Collar

  • January 17, 2020

    Fox Rothschild Ruling Tames Fears Of Nonclient Claims In NJ

    The New Jersey Supreme Court’s recent refusal to saddle Fox Rothschild LLP with a fiduciary duty to a victim of incarcerated Ponzi schemer Eliyahu Weinstein caged what many law firms consider a growing menace of claims brought by nonclients shouldering major financial losses, experts said.

  • January 17, 2020

    Ex-Pa. Mayor Can't Upend 8-Year Sentence For Bribery

    The Third Circuit denied a bid by the former mayor of Reading, Pennsylvania, to slash an eight-year federal prison sentence stemming from his 2018 conviction on charges that he took campaign contributions from contractors in exchange for promises of work with the city.

  • January 17, 2020

    Stockholder Accuses PPG Execs Of Lax Financial Oversight

    A former PPG Industries executive harmed the company and cost it millions of dollars in market valuation and goodwill with accounting practices that "smoothed out" financial ups and downs from 2016-2018, according to a derivative lawsuit a stockholder filed Thursday in a Pennsylvania federal court.

  • January 17, 2020

    Weinstein Jury Includes Woman Who Wrote On Predatory Men

    A New York state court swore in 12 jurors in Harvey Weinstein's rape trial on Friday, one of whom wrote a book about young women who confront "predatory" older men, sparking a failed mistrial motion and a rejected plea to wait for an appellate ruling that could relocate the trial.

  • January 17, 2020

    Former RBC Analyst Avoids Prison For Insider Trading

    A Manhattan federal judge on Friday allowed a former RBC Capital Markets junior analyst to avoid prison for reaping $126,000 of profit via insider trading, including trading ahead of a secret private equity deal, crediting his quick guilty plea and remorse.

  • January 17, 2020

    Bradley Arant Nabs Former Assistant US Atty In NC

    A former assistant U.S. attorney has joined Bradley Arant Boult Cummings LLP as a partner in the firm's government enforcement and investigations practice group.

  • January 17, 2020

    Feds Seek To Jam Revolving Door In High-Profile Cases

    Federal prosecutors are questioning whether a Skadden attorney should be disqualified from defending a former trader at JP Morgan against spoofing charges in the latest example of the U.S. Department of Justice claiming an ex-government attorney may have brought too much inside information through the revolving door.

  • January 17, 2020

    SEC Fights Bahamian Adviser's Bid To Kill Fraud Suit

    The U.S. Securities and Exchange Commission urged a Colorado federal court to keep alive its suit accusing Mediatrix Capital Inc. of defrauding investors out of millions through unregistered offerings and stolen funds, arguing that contrary to the adviser's argument, the investment funds they sold do constitute securities.

  • January 17, 2020

    'Varsity Blues' Parents Could Be Headed For 3 Trials This Year

    The case against Lori Loughlin and other parents charged in the college admissions scandal known as “Varsity Blues” could be headed for as many as three trials later this year, a Massachusetts federal judge said in court Friday.

  • January 17, 2020

    NJ Court Urged Not To Toss Suit Against Disbarred Pol

    The former running mate of a disbarred attorney and ex-New Jersey mayor who was convicted on extortion charges is urging a county court not to toss his malpractice suit against Peter Cammarano, arguing he has submitted sufficient information for the case to proceed.

  • January 17, 2020

    Blockchain Duo Accused Of $30M Investment Scheme

    Two people with a blockchain technology company were charged in New Jersey federal court Friday with duping investors about their backgrounds and business relationships to raise $30 million in cash and cryptocurrency, with prosecutors alleging one fraudster used aliases and changed his appearance to hide his criminal past.

  • January 17, 2020

    RBS Demands £24M From Insurers Over Madoff Fraud Losses

    The Royal Bank of Scotland has taken aim at five insurers who wrote computer fraud polices for one of its subsidiaries, saying it is owed more than £24 million ($31.3 million) for losses caused by Bernard Madoff’s investment vehicle.

  • January 17, 2020

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

    The past week in London has seen a tech company sue an online football stock exchange, a number of seafood distributors and their insurers sue cargo company Maersk, and several hotels add to Visa and MasterCard's swipe-fee class action woes. Here, Law360 looks at these claims and more. 

  • January 17, 2020

    Jail Talk Was 'Shorthand' For Qatar Deal Risks, Jury Told

    A former Barclays executive accused of fraud testified Friday that his jokes about avoiding prison because of the bad food and "worse sex" while organizing a crucial cash injection from Qatar during the financial crisis were “shorthand” for ensuring the transaction was legal.

  • January 16, 2020

    Michael Flynn Sentencing Delayed After Bid To Pull Guilty Plea

    A D.C. federal judge on Thursday pushed back sentencing for former Trump administration adviser Michael Flynn, who earlier this week asked for permission to cancel his guilty plea for lying to the FBI, accusing prosecutors of "vindictiveness" and acting in "bad faith."

  • January 16, 2020

    Ex-Barbados Official Convicted Of Money Laundering Charges

    A New York federal jury on Thursday convicted a former minister for the government of Barbados on money laundering charges for purportedly funneling bribes he took from an insurance company through U.S. banks.

  • January 16, 2020

    Bridgegate's 'Commandeering Fraud' Is A Legal Neologism

    An attorney arguing the Bridgegate case before the U.S. Supreme Court coined the term "commandeering fraud" to describe what attorneys say is otherwise known as the "right to control" theory of wire fraud — a disputed doctrine that may play a role in the case's outcome.

  • January 16, 2020

    Former Navy Officer Censured Over 'Fat Leonard' Bribes

    The U.S. Navy has censured a former senior noncommissioned officer for taking gifts from a contractor to look the other way on overpriced invoices, it announced on Thursday, adding to the dozens of current and former Navy officers embroiled in the "Fat Leonard" bribery scandal. 

  • January 16, 2020

    FBI Will Now Alert State Officials If Election System Breached

    The FBI said Thursday that, in a change of policy, it will now notify state election officials when malicious actors are believed to have breached local election systems, in an effort to improve communication about security threats as the 2020 election season approaches.

  • January 16, 2020

    Unauthorized Immigrants Can Be Urged To Stay, Justices Told

    The U.S. Supreme Court must strike down a 1986 federal statute making it a felony to encourage unauthorized immigrants to remain in the country because it's too broad and criminalizes a wide range of constitutionally protected speech, an immigration consultant at the center of the dispute has argued.

  • January 16, 2020

    Would-Be Weinstein Juror Faces Jail For Profiteering Tweet

    A New York state trial court judge threatened a prospective juror in the Harvey Weinstein rape trial with contempt for tweeting about jury service in violation of a court order barring anyone in the jury pool from discussing the case.

  • January 16, 2020

    Fla. High Court Says Ex-Felons Must Pay Fines Before Voting

    A voter-approved Florida constitutional amendment restoring ballot rights to former felons requires the payment of all court-ordered financial obligations, including fines, restitution and fees, before an ex-felon can vote, the Florida Supreme Court said Thursday.

  • January 16, 2020

    Ex-Analysts Admit They Helped In Doctor's Office Ad Scheme

    Two former analysts for Outcome Health LLC pled guilty in Illinois federal court Thursday to charges that they participated in a criminal conspiracy involving a multi-pronged fraud that misrepresented the company’s health care advertising abilities and resources to its clients.

  • January 16, 2020

    Feds Beef Up Claims Against Kansas Prof Over China Program

    Prosecutors on Thursday unveiled a new, more detailed indictment against a University of Kansas researcher accused of hiding his ties to a Chinese university.

  • January 16, 2020

    Ticket-Fixing Ex-Judge Stripped Of NJ Law License

    The New Jersey Supreme Court on Thursday disbarred a former municipal court judge who falsified court records as part of a purported scheme to steer $600,000 in fines from Monmouth County to towns where he presided by converting motor vehicle fines to contempt of court sanctions.

Expert Analysis

  • 5 Predictions For FCPA Enforcement In 2020

    Author Photo

    In addition to joining the chorus of others who predict that increased global engagement by U.S. authorities will lead to record levels of Foreign Corrupt Practices Act enforcement, we also expect 2020 will bring changes in FCPA restitution, calculation of damages, declinations to prosecute and more, say attorneys at V&E.

  • Managing Money Laundering Risk In The Art Trade

    Author Photo

    The Office of Foreign Assets Control's recent declaration that a Lebanese art dealer's gallery was used to conceal Hezbollah financing is a reminder to the art community of the need for strict compliance with U.S. criminal anti-money laundering laws, say Nicole Horowitz and Brendan Hanifin of Ropes & Gray.

  • How Associate Life Has Evolved Over The Past Decade

    Author Photo

    During the last 10 years, the need to embrace change was fundamental for law firms, and that change affected associates in many ways — most, but not all, for the better, says Brad Kaufman, co-president of Greenberg Traurig.

  • Energy Cos. Face China State Secrecy Law Risks

    Author Photo

    Multinational energy and natural resources companies doing business in China face particular risks related to China's state secrecy laws, due to the broad and vaguely defined range of information that may be classified as secret, say Alvin Xiao and Fabian Roday of Fangda Partners.

  • 2nd Circ. Ruling Could Lower Bar For Insider Trading Charges

    Author Photo

    ​​​​​​​The Second Circuit’s recent decision in U.S. v. Blaszczak potentially makes it easier to prosecute insider trading cases by ruling the government doesn't need to prove an insider received any personal benefit in exchange for sharing material, nonpublic information, say attorneys at Goodwin.

  • 2019 Trends In DOJ Civil Health Care Fraud Cases

    Author Photo

    Last year, the U.S. Department of Justice maintained aggressive enforcement efforts in the health care industry, again relying heavily on the False Claims Act, but the agency is also taking steps to guide those efforts toward fairness and consistency, say attorneys at Mintz.

  • FinCEN's Most Lethal AML Weapon Against Foreign Banks

    Author Photo

    As the U.S. Financial Crimes Enforcement Network plans to increase its use of so-called special measures under the USA Patriot Act, it is a good bet FinCEN will focus its efforts to exile foreign banks it believes pose a money laundering threat to the U.S. financial system, says Arthur Middlemiss at Lewis Baach.

  • Series

    Judging A Book: Dyk Reviews 'Democracy And Equality'

    Author Photo

    In their new book "Democracy and Equality: The Enduring Constitutional Vision of the Warren Court," Geoffrey Stone and David Strauss provide valuable context for U.S. Supreme Court decisions under Chief Justice Earl Warren that have profoundly affected the country, but their overly protective attitude sometimes obscures reality, says Federal Circuit Judge Timothy Dyk.

  • 2019 Trends In DOJ Health Care Enforcement

    Author Photo

    Last year, opioid-related enforcement was the U.S. Department of Justice's top priority, in addition to a sustained focus on the prosecution of private individuals and data-driven identification of health care fraud, say attorneys at Mintz.

  • Reviewing 2019's White Collar Cases And Controversies

    Author Photo

    From the “Varsity Blues” investigation to the Mueller report, white collar criminal cases were at the forefront of the national dialogue last year. Attorneys at Keker Van Nest look back at the most significant white collar cases and trends from 2019 and highlight what to watch for in 2020.

  • 7 Insider Tips For Working With In-House Counsel

    Author Photo

    For outside firms wondering how to best support busy in-house lawyers, several practices can help navigate critical legal issues and novel business challenges while strengthening the working relationship, says Virginia Hudson, associate general counsel at Capital One.

  • 50 Years Later, Interpretive Challenges Remain For RICO

    Author Photo

    In the 50 years since the Racketeer Influenced and Corrupt Organizations Act was passed, courts' attempts to clarify the statute have had some success, but many interpretive dilemmas remain unresolved, says Randy Gordon of Barnes & Thornburg.

  • Ransomware’s Year-End Thank You Note To Bitcoin

    Author Photo

    Last year's surge in ransomware attacks got a boost from Bitcoin, which helped cybercriminals carry out their extortion schemes with much greater ease, efficiency and speed, says cybersecurity consultant John Reed Stark.

  • 7 Ethics Tips For Lawyers' Pretrial Social Media Use

    Author Photo

    As ethical constraints on pretrial social media use evolve, the American Bar Association's Model Rules and several court opinions provide guidance on avoiding violations when collecting evidence, researching jurors and friending judges, say Hilary Gerzhoy and Mark Davis at Harris Wiltshire.

  • Opinion

    States Should Not Follow ABA On Attorney Conduct Rules

    Author Photo

    Because the American Bar Association's new rule on diversity continues to use the Model Rules of Professional Conduct as a cultural bludgeon, states should create independent codes limited to constitutionally valid purposes of attorney regulation, says Bradley Abramson of Alliance Defending Freedom.