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White Collar

  • September 21, 2018

    Ex-Chevron Oil Trader Gets Probation For Tax Fraud

    A former oil trader for Chevron facing 20 years in prison for his role in an alleged kickback scheme until making a deal with prosecutors was sentenced by a federal judge in Houston on Friday to three years of probation.

  • September 21, 2018

    Online Fundraisers Fraught With Criminal, Civil Risks

    Civil litigation, potential criminal charges and uncertain access for beneficiaries are among the risks of the relatively new concept known as crowdfunding, as highlighted by the the viral story chronicling the legal battle between a homeless veteran and a New Jersey couple. Here are three things attorneys should tell their clients about do-it-yourself fundraisers.

  • September 21, 2018

    Ex-Platinum Partners Exec Dies Ahead Of $1B Fraud Trial

    Former Platinum Partners honcho Uri Landesman, charged for his role in a purported $1 billion securities fraud scheme, died, his lawyer said Friday, ahead of a January trial of hedge fund executives accused of duping bondholders of defunct offshore driller Black Elk.

  • September 21, 2018

    Former Rite Aid Ad Exec To Cop To $5.7M Kickback Scheme

    A former vice president for advertising at Rite Aid Inc. and one of the owners of an Atlanta-based marketing business have agreed to plead guilty to a $5.7 million kickback scheme, while the marketing business' co-owner told Law360 on Friday he will fight related charges.

  • September 21, 2018

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

    The last week has seen a London no dealing desk sue Merrill Lynch for breach of fiduciary duty, more competition claims against Visa and MasterCard and a German shipper bring a suit against Axa and other insurers.

  • September 21, 2018

    Sens. Urge DOJ Watchdog To Probe FBI HQ Project

    A group of Democratic senators has urged a U.S. Department of Justice watchdog to look into the “abrupt” decision to abandon a plan to relocate FBI headquarters, particularly any influence the White House may have had, according to an announcement Friday.

  • September 21, 2018

    Ex-Cocoa Trading Co. Exec Gets 3 Months For $352M Fraud

    U.S. District Judge Jed S. Rakoff on Friday hit a former Transmar Commodity Group Ltd. finance executive with a three-month sentence for his role in a $352 million fraud that bankrupted the cocoa trader and damaged banks, crediting his effort to cooperate but saying the size of the caper required a prison term.

  • September 21, 2018

    Co. Still Liable If Worker Lies That Taxes Paid: 8th Circ.

    A company misled by an errant employee into thinking he paid its taxes is still liable for interest and penalties when he didn’t, the Eighth Circuit said in an opinion Friday upholding a lower-court dismissal.

  • September 21, 2018

    Armstrong Doping Whistleblower Appeals Denial of Damages

    The whistleblower who started a successful False Claims Act suit against cyclist Lance Armstrong's former team said Friday he will appeal the D.C. District Court’s decision to deny him $32 million in damages for his part in exposing the alleged fraud.

  • September 21, 2018

    Sentencing Delay In $1.6M Pump-And-Dump Frustrates Judge

    A Massachusetts federal judge on Friday vented her frustration as a man who copped to arranging a $1.6 million pump-and-dump scheme told her hours before he was set to be sentenced that he would not be flying up to Boston for the hearing because he wants to stay in Florida to be with his dying father.

  • September 21, 2018

    Pa. Judge Defends Axing Ex-DA's Suit Against Cosby Accuser

    A trial judge is urging a Pennsylvania appeals court to uphold her ruling axing claims from a former Montgomery County district attorney alleging that Andrea Constand, whom comedian Bill Cosby was convicted for sexually assaulting in April, tanked his bid to regain public office by targeting him with a "bogus" defamation lawsuit.

  • September 21, 2018

    Houston Atty Charged In $18M Offshore Tax Evasion Scheme

    A Houston attorney has been indicted in a Texas federal court on charges of conspiracy and tax evasion for his role in a scheme to repatriate more than $18 million in untaxed earnings from the Isle of Man, according to the U.S. Department of Justice.

  • September 21, 2018

    Ex-SFO Prosecutor Joins Cohen & Gresser’s London Office

    International law firm Cohen & Gresser LLP has enticed a former U.K. Serious Fraud Office prosecutor to join its white-collar defense group in its London offices.

  • September 21, 2018

    Ex-Deutsche Bank Euribor Trader Held In Italy, SFO Says

    A former Deutsche Bank trader who was allegedly involved in manipulating a key European interest rate benchmark has been arrested in Italy and could be extradited to the U.K., the Serious Fraud Office revealed on Friday.

  • September 20, 2018

    2nd Circuit Balks At Bid To Lower No-Fault Fraud Sentence

    The Second Circuit on Thursday expressed reluctance to force a federal judge in Brooklyn to rethink a prison sentence that was longer than prosecutors originally recommended for a man who admitted his role in a no-fault insurance scheme after cooperating with prosecutors to bring in his alleged co-conspirators.

  • September 20, 2018

    NY Times Sues For FCC's Russia-Linked Net Neutrality Docs

    The New York Times hit the Federal Communications Commission with a Freedom of Information Act lawsuit Thursday in New York federal court accusing the FCC of lobbing “a series of roadblocks” as the newspaper seeks records on potential Russian interference in the rulemaking process that repealed net neutrality.

  • September 20, 2018

    Former SEC, FINRA Official Returns To King & Spalding

    King & Spalding LLP announced this week that a former partner will be returning to its Washington, D.C., office to rejoin the firm’s special matters and government investigations team, pulling from his near-decade of experience at the U.S. Securities and Exchange Commission and recent years with the Financial Industry Regulatory Authority.

  • September 20, 2018

    Houston Pill Mill Doc, Clinic Chief Each Get 35 Years In Prison

    A Houston doctor and the owner of the pain management clinic where she worked were each sentenced to 35 years in prison by a federal judge in Texas on Thursday for their roles in running what prosecutors called the “most prolific hydrocodone pill mill in Houston.”

  • September 20, 2018

    Chicago Alderman Sets Date To Plead To Bribery Charges

    A Chicago alderman charged with accepting bribes and using a ward bank account as a personal piggy bank plans to plead guilty at the end of November, according to a judge’s order entered Thursday.

  • September 20, 2018

    Creek Reservation Survived Okla. Statehood, Justices Told

    A Muscogee (Creek) Nation citizen has urged the U.S. Supreme Court to uphold a Tenth Circuit decision nixing his murder conviction in state court on the grounds that the killing took place within the tribe’s reservation boundaries, saying the reservation wasn’t eliminated even when Oklahoma became a state.

Expert Analysis

  • Legal Pitfalls To Avoid In Social Cause Marketing Campaigns

    Russell Stein

    In recent years, businesses have increasingly teamed up with charities to promote products or charitable causes. However, if these campaigns are not executed properly, they can lead to civil and criminal penalties, taxes and bad publicity for all parties involved, says Russell Stein of Partridge Snow & Hahn LLP.

  • Cloud Computing Clearly The Future For Small Firms

    Holly Urban

    While in-house technology investments on the scale and complexity needed to compete with large firms remain cost prohibitive for small and midsize law firms, cloud-based services offer significant cost savings and productivity gains with little to no capital investment, says Holly Urban of Effortless Legal LLC.

  • Telemedicine — The Next Frontier For DOJ Scrutiny?

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    CVS is the first major drugstore company to offer customers the option to use their smartphone to “see” a doctor. With the U.S. Department of Justice affording more resources to health care fraud prosecutions, telemedicine services are certain to attract the scrutiny of investigators, say Lionel André and Michelle Bradford of Murphy & McGonigle PC.

  • Leveraging Today's Lateral Associate Market

    Darin Morgan

    With the Milbank/Cravath pay scale once again equalizing compensation at many Am Law 100 firms, there is even more pressure for firms to differentiate themselves to top lateral associate candidates. This presents strategic considerations for both law firms and lateral candidates throughout the recruitment process, says Darin Morgan of Major Lindsey & Africa.

  • Zaslavskiy Does Little To Encourage Clear Crypto Guidance

    Alexis Collins

    A New York federal judge's decision last week in Zaslavskiy relieves the government of a potentially significant pleading burden when bringing cryptocurrency actions, but does not encourage clarification of clear standards for application of the Howey test, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • Q&A

    Back To School: Stanford's Jeff Fisher Talks Supreme Court

    Jeffrey Fisher

    In this series featuring law school luminaries, Stanford Law School professor Jeffrey Fisher discusses his motivation for teaching, arguing before the U.S. Supreme Court and what the court might look like if Judge Brett Kavanaugh is confirmed.

  • Calif.'s New Rules For Lawyers Move Closer To ABA Model

    Mark Loeterman

    The first comprehensive overhaul of California's Rules of Professional Conduct in nearly 30 years becomes operational on Nov. 1. Some of the new rules mirror the model language used by the American Bar Association, but many continue to reflect California’s unique approach to certain ethical questions, says Mark Loeterman of Signature Resolution LLC.

  • Know The Limits To Atty Public Statements During A Trial

    Matthew Giardina

    The balancing act between protecting attorneys’ speech rights and ensuring unbiased adjudications was highlighted recently in two cases — when Michael Cohen applied for a restraining order against Stephanie Clifford's attorney, and when Johnson & Johnson questioned whether a Missouri talc verdict was tainted by public statements from the plaintiffs' counsel, says Matthew Giardina of Manning Gross & Massenburg LLP.

  • Lessons From 5th Circ. Mother-Son Health Care Fraud Case

    Mario Nguyen

    While a lack of intent is a common defense to the prosecution of high-level health care administrators, the Fifth Circuit's decision affirming the convictions of psychologist Rodney Hesson and his mother, Gertrude Parker, shows that there is more than one backdoor for the government to meet its burden, says Mario Nguyen of Locke Lord LLP.

  • In Calif., Questions Remain On Law Firm Conflict Waivers

    Richard Rosensweig

    In Sheppard Mullin v. J-M Manufacturing Co., the California Supreme Court ruled last month that a law firm's failure to disclose a known conflict with another current client did not categorically disentitle the firm from recovering fees. But the court didn’t provide hoped-for guidance on how to write an enforceable advance conflict waiver, says Richard Rosensweig of Goulston & Storrs PC.