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White Collar
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March 30, 2026
Investment Firm Fined For Ads Pitching Copycat Portfolios
An online investment advisory firm that offered clients the chance to copy the trading activity of well-known business and political figures will pay a $500,000 administrative fine and restitution to resolve a complaint that Massachusetts securities regulators brought alleging misleading social media ads.
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March 30, 2026
Justices Turn Away Case Over SEC Receivership Powers
The U.S. Supreme Court on Monday rejected a plea by a Dallas real estate developer to hear a challenge to the U.S. Securities and Exchange Commission's ability to seize the assets of alleged fraudsters before a trial can take place.
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March 30, 2026
Justices Pass On FCA Suit Alleging Quest Diagnostics Fraud
The U.S. Supreme Court rejected on Monday a former Quest Diagnostics Inc. compliance officer's bid for review of the dismissal of a long-running False Claims Act suit against the medical testing company.
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March 27, 2026
BofA Will Pay $72.5M In Deal Ending Epstein Ties Allegations
Bank of America agreed to pay $72.5 million to put to rest a proposed class action alleging the bank helped facilitate Jeffrey Epstein's sex crimes, according to a motion for preliminary approval of the deal filed in New York federal court Friday.
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March 27, 2026
Elizabeth Holmes Gets 11-Year Prison Sentence Cut By A Year
A California federal judge has shaved off a year from convicted ex-Theranos CEO Elizabeth Holmes' 11-year-and-three-month prison sentence for securities fraud due to recent sentencing guideline amendments, reducing her time behind bars by one year, instead of the two years she requested, amid objections by prosecutors.
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March 27, 2026
Jailed Energy Trader Won't Fight $7.7M Judgment
An energy trader who reported to prison this year told a Texas federal court Friday he does not oppose entry of a more than $7.7 million civil judgment in favor of his former employer, as long as it's credited against the restitution he was ordered to pay by the federal government in separate proceedings.
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March 27, 2026
Judge Seems Doubtful Of Fulton County's Ballot Retrieval Bid
A Georgia federal judge appeared skeptical Friday of Fulton County's efforts to recover hundreds of boxes of 2020 election ballots that were seized by the FBI in a January raid on a county warehouse, signaling he wasn't sure whether the government had shown "callous disregard" for the Constitution.
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March 27, 2026
Student Fleeced Pals' Families With $7.8M Fraud, SEC Says
A Tulsa, Oklahoma, man has agreed to settle U.S. Securities and Exchange Commission claims that he defrauded investors out of $7.8 million in connection with two investment funds he launched as a college student.
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March 27, 2026
Lawyer Says Contract With Rivera Was For Venezuela's Oil Co.
The $50 million consulting contract that former Florida Congressman David Rivera signed with the U.S. affiliate of Venezuela's state-owned oil company was ultimately funded and controlled by the Venezuelan parent company, the attorney who drafted the document said Friday at Rivera's trial on charges of failing to register as a foreign agent.
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March 27, 2026
SEC Shutters Case Against Bankrupt Fatburger Parent
The U.S. Securities and Exchange Commission announced Friday that it is walking away from a case accusing restaurant franchisor FAT Brands of running an illegal $27 million personal loan scheme to fuel its former CEO's lavish lifestyle as the public company foundered.
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March 27, 2026
Up Next At High Court: Birthright Citizenship, Arbitration
The U.S. Supreme Court will close out its March oral arguments session by hearing a nationwide class's blockbuster challenge to President Donald Trump's limited view of birthright citizenship, as well as a dispute over federal courts' authority to confirm or vacate arbitration awards in cases they've formerly overseen.
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March 27, 2026
Judiciary Nixes Amicus Disclosure Reform Over Potential Chill
The federal judiciary has been asked not to move forward with a plan to add to amicus brief disclosure requirements designed to curb "dark money" groups from bankrolling amicus briefs, after rules committee chairs pulled the recommendation over concerns of a possible chilling effect.
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March 27, 2026
Atty Asks To Stay Out On Bond Amid $22M Tax Fraud Appeal
A Missouri lawyer convicted of helping perpetrate a $22 million tax scheme is asking to stay out of prison while she appeals, telling a North Carolina federal court that she believes her appeal could be successful on grounds that her indictment was obtained unconstitutionally.
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March 27, 2026
Disco Ball Theatrics Land Flat With Campaign Fraud Jury
A defense lawyer who donned a metallic lei and held a disco ball during closing arguments did not help an attorney and former Connecticut state senator avoid guilty verdicts Friday on wire fraud and conspiracy charges connected to a BDK Law Group party prosecutors described as a campaign launch.
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March 27, 2026
Ex-CEO Sues Former NJ AG Over Tossed RICO Case
The former CEO of The Michaels Organization, who was indicted in New Jersey's now-dismissed criminal racketeering case against South Jersey power broker George E. Norcross III, has accused former New Jersey Attorney General Matthew J. Platkin and other members of his office of commencing the prosecution knowing there was no probable cause.
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March 27, 2026
Family Members Get Prison Terms For Tax Refund Scheme
Family members convicted of designing a trust scheme that tried to net $8.5 million in tax refunds were sentenced to prison by a Texas federal judge and ordered to pay back $1.7 million they spent on cryptocurrency and luxuries, according to the U.S. Department of Justice.
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March 26, 2026
Atty. Conduct Gets Fraud Conviction Thrown Out By 2nd Circ.
The Second Circuit has vacated a New York man's fraud conviction, pointing to the conduct of his former counsel, who had a private conversation with the judge in which he said he was worried the defendant was engaging in "delay tactics" that could include punching the lawyer in the head.
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March 26, 2026
Live Nation Kicks Off Defense Case In Antitrust Trial
A coalition of state attorneys general on Thursday mostly concluded their antitrust case against Live Nation and its Ticketmaster subsidiary, following weeks of a trial that was nearly derailed after the U.S. Department of Justice dropped out, and Live Nation kicked off its defense case with a company executive who pushed back against claims of anticompetitive conduct.
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March 26, 2026
Venezuelan Leader Says Ex-Fla. Rep Couldn't Get US Meetings
A Venezuelan political opposition leader told jurors Thursday that he connected with former Florida congressman David Rivera to try to secure meetings with high-level U.S. officials in the first Trump administration, but Rivera — who is on trial for allegedly failing to register as a foreign agent — failed to deliver.
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March 26, 2026
FINRA Fines Broker-Dealer $600K For Off-Channel Violations
The Financial Industry Regulatory Authority has fined a San Francisco-based broker-dealer $600,000 for allegedly failing to supervise employees' use of unapproved messaging platforms, in a type of proceeding FINRA's CEO said earlier this week would indicate a "real breakdown" in oversight.
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March 26, 2026
FBI Agent Doesn't Have To Testify In Ga. Ballot Fight
The FBI special agent behind the bureau's seizure of 2020 election records from Fulton County, Georgia, will not have to testify in an upcoming evidentiary hearing in the county's suit seeking return of the materials, a federal judge said Thursday.
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March 26, 2026
Investment Fraudster Gets 6½ Years For Swindling Clients
A purported investment adviser appearing in his third adulthood fraud case received more than six years in prison on Thursday as an Illinois federal judge expressed hope that he'll "do the hard work" it will take to address the personal issues leading him to engage in such conduct.
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March 26, 2026
SEC Urges Justices To Keep Disgorgement Powers Intact
The U.S. Supreme Court should continue allowing the U.S. Securities and Exchange Commission to collect ill-gotten profits from fraudsters without having to identify any particular victims of said scheme, the agency told the high court in a case that could limit its disgorgement powers.
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March 26, 2026
Pa. Justices End Mandatory Life Sentences For Felony Murder
The Pennsylvania Supreme Court ended the use of mandatory life-without-parole sentences for felony murder offenses Thursday, potentially upending the sentences of more than 1,000 incarcerated people in a case that has drawn national attention.
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March 26, 2026
Penny Stock Seller Says SEC Fraud Claim Fails Without Victim
Western Bankers Capital Inc. and the estate of its operator have urged a New York federal judge to grant them an early win in a U.S. Securities and Exchange Commission suit alleging they and others reaped nearly $6 million in illicit proceeds by selling unregistered penny stocks, in part because they say they were a victim of the alleged scheme.
Expert Analysis
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The Law Firm Merger Diaries: Leadership Strategy After Day 1
For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.
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The Challenges Of Detecting Event Contract Manipulation
While concerns about possible manipulation and insider trading in event contracts have increasingly been raised by market observers, distinguishing a speculative position from a hedge and effective surveillance make regulation difficult, particularly as the U.S. Commodity Futures Trading Commission argues for exclusive jurisdiction to do so, say economic consultants at the Brattle Group.
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Perspectives
DC Circ. Gag Order Rulings Reveal A Digital Privacy Paradox
A pair of rulings from the D.C. Circuit reveal a growing dilemma in digital privacy jurisprudence for investigative targets, technology companies and transparency advocates — even when courts set the bar higher for broad nondisclosure requests, the public may never be allowed to learn why orders get approved, say attorneys at RJO.
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Record FCA Recoveries Signal Intensified Healthcare Focus
In its recently released False Claims Act statistics, the U.S. government's emphasis on record healthcare recoveries and government-initiated healthcare matters last year indicates robust enforcement ahead, though the administration's focus on current policy objectives also extends beyond the healthcare sector, say attorneys at Epstein Becker.
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Clearing US Legal Hurdles To Biz Opportunities In Venezuela
Companies evaluating foreign investment or activity in Venezuela given the U.S. government's recently announced plans to reinvigorate its natural resources should take specific steps to minimize risks connected to interactions with restricted parties given the web of U.S. counterterrorism, anticorruption and sanctions controls, say attorneys at King & Spalding.
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Reel Justice: 'Sentimental Value' And Witness Anxiety
"Sentimental Value" reminds us that anxiety can interfere with performance, but unlike actors, witnesses cannot rehearse their lines or control the script, so a lawyer's role is not to eliminate stress, but to create conditions where the accuracy of a witness's testimony survives under pressure, says Veronica Finkelstein at Wilmington University.
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Calif.'s Civility Push Shows Why Professionalism Is Vital
The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.
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Should Prediction Markets Allow Trading On Nonpublic Info?
Recent trading activity, such as the Polymarket wager on the U.S. capture of Venezuelan President Nicolás Maduro, has raised questions about whether some participants may be engaging in trading that is based on material nonpublic information, and highlights ongoing uncertainty about how existing derivatives and anti-fraud rules apply to event-based contracts, say economic consultants at the Brattle Group.
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Series
Trivia Competition Makes Me A Better Lawyer
Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.
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Clarifying A Persistent Misconception About Settlement Talks
An Indiana federal court’s recent Cloudbusters v. Tinsley ruling underscores the often-misunderstood principle that Rule 408 of the Federal Rules of Evidence does not bar parties from referencing prior settlement communications in their pleadings — a critical distinction when such demands further a fraudulent or bad faith scheme, say attorneys at Hanson Bridgett.
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Series
Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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Tick, Tock: Maximizing The Clock, Regardless Of Trial Length
Whether a judge grants more or less time for trial than an attorney hoped for, understanding how to strategically leverage the advantages and attenuate the disadvantages of each scenario can pay dividends in juror attentiveness and judicial respect, says Clint Townson at Townson Litigation.
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How State FCA Activity May Affect Civil Fraud Enforcement
A growing trend of state attorneys general enforcing their False Claims Act analogues independently of the U.S. Department of Justice carries potential repercussions for civil fraud enforcement and qui tam litigation considerations, say Li Yu at Bernstein Litowitz, Ellen London at London & Naor and Gwen Stamper at Vogel Slade.
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Series
Judges On AI: Practical Use Cases In Chambers
U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.
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Opinion
Criminalizing Officials' Speech Erodes Trust In Justice System
Federal prosecutors reportedly investigating whether Minnesota officials’ public statements illegally impeded immigration enforcement is a dangerous overextension of obstruction law that would criminalize dissent and sow public distrust in law enforcement, say Marc Levin and Khalil Cumberbatch at the Council on Criminal Justice.