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White Collar
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October 24, 2025
NY AG Pleads Not Guilty, Says Prosecutor's Appt. Is 'Unlawful'
New York Attorney General Letitia James pled not guilty in Virginia federal court Friday to mortgage-related fraud charges that she says are part of President Donald Trump's revenge campaign against his perceived political foes, teeing up a fight over a White House-appointed prosecutor's legal authority.
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October 24, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the Financial Conduct Authority launch legal action against a Chinese cryptocurrency exchange, The Londoner magazine face a defamation claim from an entrepreneur accused of "scamming" Knightsbridge landlords, and Gucci sued by its cosmetics supplier as L'Oréal announces plans to buy the Italian fashion house's beauty brand. Here, Law360 looks at these and other new claims in the U.K.
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October 23, 2025
Jurors See MIT Bros' Chats, Plans For $25M Crypto Gambit
Jurors weighing the fate of two MIT-educated brothers accused of pulling a $25 million crypto heist on Thursday saw a swath of messages and search history that prosecutors say detail the planning for a high-tech fraud that profited at the expense of other traders on the Ethereum blockchain.
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October 23, 2025
DC Judge Won't Let Meta Claw Back Discovery Docs
A D.C. Superior Court judge on Thursday said that attorneys for Meta told researchers to modify their research into its platform's effects on teens' mental health to curtail liability, finding that the crime-fraud exception to communications between attorney and client applies.
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October 23, 2025
Ex-Mich. Speaker Aide Cops To Embezzlement, Will Testify
A former top staffer for former Michigan House Speaker Lee Chatfield pled guilty to embezzling from a political nonprofit while working for the state and, as part of a plea deal, has agreed to provide "truthful testimony in future hearings," according to an announcement made Thursday.
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October 23, 2025
Ex-Amazon Coder Says She's Turned Life Around Since Hack
A former Amazon.com Inc. coder who exposed the personal data of nearly 100 million people should be sent to prison, the U.S. government said in a new Seattle federal court filing that seeks a seven-year sentence for her.
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October 23, 2025
Ex-SVB Top Brass Can't Ditch FDIC Suit Over 2023 Collapse
Silicon Valley Bank's former CEO and several other past members of the bank's top brass must face a suit from the Federal Deposit Insurance Corp. accusing them of mismanagement that led to the bank's costly 2023 failure, a California federal judge has ruled.
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October 23, 2025
Ex-NY Atty Gets Sentence Reduced In Grand Larceny Case
A New York appeals court on Thursday ruled that a prison term for a disbarred attorney who pled guilty to stealing over half a million dollars from the estate he was hired to represent was too high, ordering that it be reduced.
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October 23, 2025
FINRA Announces Probe Of Broker-Dealers' China Work
The Financial Industry Regulatory Authority notified its members on Thursday that it is investigating broker-dealers that have helped small companies based out of China and other foreign jurisdictions to go public, signaling that it is looking for possible stock manipulation tied to the firms' work.
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October 23, 2025
Full 5th Circ. Asked To Rehear Texas Bankers' OCC Dispute
Two former Texas bankers have asked the full Fifth Circuit to revive their constitutional challenge to an in-house Office of the Comptroller of the Currency enforcement case, arguing that the appellate panel's decision to reject their appeal wrongly stripped them of their right to a jury trial and handed banking agencies "unlimited discretion" to prosecute old misconduct.
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October 23, 2025
Ex-ComEd CEO Asks 7th Circ. For Bail Pending Appeal
Former Exelon Utilities and Commonwealth Edison CEO Anne Pramaggiore has renewed her request to remain out of jail while she seeks to unwind her criminal conviction and two-year prison sentence, this time asking the Seventh Circuit for bond ahead of her December surrender date.
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October 23, 2025
SEC Being Misled In CBD Fraud Fight, CEO Claims
The U.S. Securities and Exchange Commission has "unwittingly" taken the side of a former partner with a terminated licensing agreement, a pharmaceutical CEO told a California federal court this week, asking for summary judgment on the SEC's core claims that he defrauded investors.
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October 23, 2025
SEC Accuses Hedge Fund Manager Of $2.7M Fraud Scheme
The U.S. Securities and Exchange Commission accused a New York-based investment adviser of using two companies to defraud over 25 investors out of $2.7 million with false promises of positive returns.
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October 23, 2025
1st Circ. Affirms Navy Officer Conviction In Afghan Visa Scam
The First Circuit affirmed a New Hampshire jury's conviction of a U.S. Navy Reserve officer who participated in a scheme to provide letters of recommendation for Afghans seeking visas to enter the United States in exchange for money.
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October 23, 2025
Mich. Defense Atty Charged With Smuggling Drugs Into Prison
A Michigan criminal defense lawyer has been accused of attempting to smuggle drugs into a state prison during a client visit, according to court records.
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October 23, 2025
Feds, Ex-Magellan CEO Still Split Over Sentencing Factors
Lawyers for a former Magellan Diagnostics CEO and the government are still at odds over whether a judge should consider the product mislabeling charge she pled guilty to in March to be tantamount to fraud — an assertion the defense says is an attempt by prosecutors to "shoehorn" in allegations never put to proof.
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October 23, 2025
Court Won't Rethink 'Survivor' Winner's $3M Tax Bill
A Rhode Island federal judge won't reconsider his opinion that the first winner of reality show "Survivor" must pay $3.3 million in taxes, maintaining that it is unclear whether the federal government can take his sister's property to pay down the debt.
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October 23, 2025
Trump Pardons Convicted Binance Founder Changpeng Zhao
President Donald Trump has pardoned the convicted Binance founder Changpeng Zhao, a move that could open the door for Zhao to return to Binance if he so chooses, and for the crypto exchange to renegotiate the terms of its own plea deal, experts said Thursday.
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October 23, 2025
NBA Coach Billups, Guard Rozier Arrested In Gambling Bust
Chauncey Billups, the head coach of the NBA's Portland Trail Blazers, and Terry Rozier, a point guard with the Miami Heat, have been arrested on federal gambling charges in what the FBI on Thursday called a "sweeping" and "historic" Mafia-linked crackdown.
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October 22, 2025
EDGAR Filer Worker Cops To Insider Trading Conspiracy
A former employee of a company that handles U.S. Securities and Exchange Commission filings for public companies has pled guilty to insider trading in connection with federal prosecutors' charges he used nonpublic information to buy up shares of issuers poised to announce positive news.
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October 22, 2025
Crypto Exchange Fined $126.4M For AML Violations In Canada
A Canadian financial regulator on Wednesday ordered crypto exchange Cryptomus to pay a 177 million Canadian dollar ($126.4 million) penalty to resolve anti-money laundering compliance claims, many of which concern transactions connected to sex trafficking and fraud.
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October 22, 2025
Hi-Tech Pharma Fraud Charges Just A 'Paper Case,' Jury Told
A Georgia-based dietary supplement outfit and its longtime CEO urged a Peach State jury Wednesday to acquit them of charges that they forged regulatory documents and slipped prescription drugs into their pills, deriding the federal charges against them as "regulation by prosecution."
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October 22, 2025
Ex-Mars Candy Exec Must Forfeit Accounts After $28M Fraud
A former Mars Inc. risk executive who pled guilty to a $28.4 million wire fraud and tax evasion scheme must forfeit eight personal financial accounts subject to third-party objections within 30 days, according to a preliminary order signed by a Connecticut federal judge.
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October 22, 2025
States Back Boston Hospital In Fight Over Trans Care Records
A group of states backed a Boston hospital in its bid to block the Trump administration from accessing transgender care records, warning a federal judge that allowing the government's request could expose a wide variety of doctors to criminal charges.
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October 22, 2025
OCC Drops $10M Fine, Ban In Wells Fargo Ex-Exec Deal
The Office of the Comptroller of the Currency has agreed to end a long-running case accusing a former Wells Fargo risk officer of failing to prevent the bank's fake accounts scandal, striking a deal that drops its pursuit of a $10 million fine and industry ban.
Expert Analysis
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Opinion
4 Former Justices Would Likely Frown On Litigation Funding
As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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Congress Crypto Movement Could Bring CFTC 'Clarity' At Last
The Clarity Act's arrival at the House floor during "Crypto Week" in Congress demonstrates enduring bipartisan support for legislation addressing digital assets and the Commodity Futures Trading Commission's important role in a future regulatory structure, say attorneys at DLA Piper.
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Practical Implications Of SEC's New Crypto Staking Guidance
The U.S. Securities and Exchange Commission's recent staff guidance that protocol staking does not constitute securities offerings provides a workable compliance blueprint for crypto developers, validators and custodial platforms willing to keep staking strictly limited to protocol-driven rewards, say attorneys at Cahill.
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DOJ Actions Signal Rising Enforcement Risk For Health Cos.
The U.S. Department of Justice's announcement of a new False Claims Act working group, together with the largest healthcare fraud takedown in history, underscore the importance of sophisticated compliance programs that align with the DOJ's data-driven approach, say attorneys at Debevoise.
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How Attys Can Use AI To Surface Narratives In E-Discovery
E-discovery has reached a turning point where document review is no longer just about procedural tasks like identifying relevance and redacting privilege — rather, generative artificial intelligence tools now allow attorneys to draw connections, extract meaning and tell a coherent story, says Rose Jones at Hilgers Graben.
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New FCPA Guidance May Flip The Whistleblowing Script
The U.S. Department of Justice’s updated Foreign Corrupt Practices Act guidelines lay out a new incentive structure that may put multinational U.S.-based companies in an unusual offensive whistleblowing position, potentially spurring them to conduct external investigations of their foreign rivals, says Markus Funk at Perkins Coie.
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How To Strengthen A Case By Mastering Expert Witness Prep
A well-prepared expert witness can bolster a case's credibility with persuasive qualifications, compelling voir dire responses and concise testimony that can withstand cross-examination, says Allison Rocker at Baker McKenzie.
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Spotlight On Medicare Marketing Practices Enforcement Trend
Recent U.S. Department of Justice actions, including its recent Medicare kickback allegations in Shea v. eHealth, demonstrate increasing enforcement scrutiny on Medicare Advantage marketing practices, say Ellen London at London & Naor, Li Yu at Bernstein Litowitz and Erica Hitchings at the Whistleblower Law Collaborative.
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New FCPA Guidance Creates 5 Compliance Imperatives
In light of new Foreign Corrupt Practices Act guidelines that mark a fundamental shift in enforcement priorities, companies should consider several specific steps to ensure compliance, from enhanced due diligence to robust whistleblower protections, says Andrew Wirmani at Reese Marketos.
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How Justices' Ruling Limits Options To Challenge DHS Orders
In Riley v. Bondi, the U.S. Supreme Court recently ruled that a 30-day deadline for challenging deportation orders begins when the U.S. Department of Homeland Security issues a final administrative review order, opening the door for the government to effectively bar circuit court review in future similar cases, says Kevin Gregg at Kurzban Kurzban.
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Series
Playing The Violin Makes Me A Better Lawyer
Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.
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DOJ Enforcement Trends To Watch In 2nd Half Of 2025
Recent investigations, settlements and a declination to prosecute suggest that controlling the flow of goods into and out of the country, and redressing what the administration sees as reverse discrimination, are likely to be at the forefront of the U.S. Department of Justice's enforcement agenda the rest of this year, say attorneys at Baker Botts.
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Federal Regs Order May Spell Harsher FDCA Enforcement
A recent executive order aimed at reducing criminal prosecutions of those who unknowingly violate complex federal regulations may actually lead to more aggressive felony indictments under the Federal Food, Drug and Cosmetic Act, but companies and executives can mitigate risks by following several key principals, say attorneys at McGuireWoods.
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DOJ's 1st M&A Declination Shows Value Of Self-Disclosures
The U.S. Department of Justice's recent decision not to charge private equity firm White Deer Management — the first such declination under an M&A safe harbor policy announced last year — signals that even in high-priority national security matters, the DOJ looks highly upon voluntary self-disclosures, say attorneys at Perkins Coie.
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Series
Law School's Missed Lessons: Practicing Self-Care
Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard at MG+M.