White Collar

  • August 11, 2020

    German Cops Launch Raids In Money Laundering, Tax Probes

    German authorities raided a business and private residence Tuesday as part of a money laundering and tax fraud investigation into a suspected network using offshore banks to recycle criminal proceeds.

  • August 10, 2020

    Judge Needs More Before Ruling On Fraudster's Virus Release

    A D.C. federal judge said Monday he doesn't have enough for an "informed" ruling on a request for COVID-19-related release from the ex-owner of an Afghanistan marble mining company who is serving 4½ years in prison for defrauding the U.S. government on a $15.8 million loan.

  • August 10, 2020

    Ex-King & Spalding Partner Joins FBI As General Counsel

    The FBI announced Monday that it has tapped a former King & Spalding LLP attorney with a decade of experience as a federal prosecutor to serve as the agency's general counsel.

  • August 10, 2020

    NYC Inks $3.2M Deal To Settle Illegal Wiretap Claims

    New York City and employees of the Kings County district attorney's office have inked a $3.2 million settlement with a class of individuals whose communications to a detective and an assistant district attorney were intercepted through a wiretap scheme spearheaded by Tara Lenich, a former assistant district attorney for the office.

  • August 10, 2020

    HSBC Hong Kong Beats Ponzi Scheme Suit

    A New York federal judge held Monday that a group of California investors who alleged that HSBC Hong Kong aided a $37 million Ponzi scheme lacked jurisdiction to sue the bank and tossed the suit without prejudice.

  • August 10, 2020

    9th Circ. Nixes Pre-Trial Repatriation Order In Fraud Case

    An indicted health care executive doesn't have to repatriate up to $7.2 million that he may have put in African banks before his fraud case goes to trial, the Ninth Circuit ruled Monday, finding that an order requiring him to do so violated his rights.

  • August 10, 2020

    Law Firm's 'Feeble' Efforts To Blame Over Pared-Down Suit

    A federal judge won't rethink his decision to pare down a law firm's suit against a suburban Chicago rival, blasting the firm for its "feeble prosecution" of allegations that the rival mimicked its website to confuse and steal potential clients.

  • August 10, 2020

    Thompson Hine Adds Pair Of Investment Management Attys

    Thompson Hine LLP said Monday it added two attorneys to its corporate transactions and securities practice group from in-house positions to focus on financial technology, broker-dealer regulations and fund governance.

  • August 10, 2020

    5th Circ. Says Malicious Prosecution Not Constitutional Harm

    The Fifth Circuit has ruled that a Texas physician can't make malicious prosecution claims against a state medical board investigator and law enforcement agent, but it told a lower court to consider whether the doctor can amend his suit again.

  • August 10, 2020

    Trump Demands Deeper Look Into Vance Criminal Probe

    President Donald Trump told a federal court on Monday that he should be allowed to conduct discovery into the scope of the Manhattan district attorney's arguments that a grand jury investigation into him is broader than so-called hush-money payments. 

  • August 10, 2020

    Fiat Chrysler Rips GM For Smear Campaign, Paid Moles Claim

    Fiat Chrysler on Monday slammed General Motors for running a smear campaign with "preposterous" claims that FCA stashed millions in foreign bank accounts to funnel bribes to senior auto workers union officials and planted moles within GM to corrupt the collective bargaining process.

  • August 10, 2020

    Judge Says Indicted Ex-Exec Can't Have Mexico B-Day Bash

    An Indiana federal judge has rejected an ex-Celadon Group Inc. executive's request to travel to Mexico for his 40th birthday beach celebration with family and friends while he faces criminal securities and accounting fraud charges back at home.

  • August 10, 2020

    Interactive Brokers To Pay $38M To Multiple Regulators

    Interactive Brokers LLC has agreed to pay $38 million in fines to resolve claims that the electronic trading platform failed to file suspicious activity reports for certain securities trades and ran afoul of anti-money laundering rules, regulators said Monday.

  • August 10, 2020

    Indicted Mass. Judge To Appeal Immunity Ruling To 1st Circ.

    A Massachusetts state court judge charged with obstruction of justice for allegedly letting an immigrant escape federal custody will ask the First Circuit to weigh in on whether her actions are shielded from prosecution due to judicial immunity, according to a filing Monday.

  • August 10, 2020

    ComEd, Ill. Speaker Hit With $450M Rico Suit Over Bribery Plot

    A group of Commonwealth Edison customers hit the utility, several company personnel and Illinois House Speaker Michael Madigan with a $450 million civil racketeering suit Monday following the company's recent admission that certain employees bribed the speaker's associates in exchange for favorable legislation.

  • August 10, 2020

    Ex-SEC Examiner Wants Bench Trial Over Feds' Protest

    A former compliance examiner accused of stealing information from the U.S. Securities and Exchange Commission sought a rare criminal bench trial over prosecutors' objections on Monday, saying it is the only way to hold a speedy trial during the pandemic.

  • August 10, 2020

    Developer Sues AXA For Claiming 1MDB Links Void Policies

    A London property developer has accused AXA of shirking a £3 million ($3.9 million) payout after the insurer claimed that Berkshire Assets' ties to a former Goldman Sachs banker caught up in the 1MDB scandal voided two of their policies.

  • August 10, 2020

    Kodak's $765M Loan Put On Hold Amid Stock Trading Scrutiny

    The federal agency that planned to fund Eastman Kodak Co.'s expansion into pharmaceuticals with a $765 million loan said the offer has been put on hold over "recent allegations of wrongdoing" related to stock trading around the time of the deal's announcement.

  • August 07, 2020

    Bail Denied For Alleged Ghosn Escape Accomplices

    A Massachusetts federal judge on Friday declined to release a former Green Beret and his son while they battle extradition to Japan for allegedly helping Nissan's former CEO escape that country, ruling that they have neither proven that they're being held illegally, nor have they shown any unusual circumstances to warrant release.

  • August 07, 2020

    Snowden Hit With Discovery Sanction Over Tell-All Book

    Former U.S. intelligence contractor Edward Snowden was sanctioned in Virginia federal court on Friday for his deliberate "wholesale refusal to respond to discovery" related to his memoir released in September, which the court said contained classified information.

  • August 07, 2020

    Ill. Mayor Charged With Bribery Plot, Filing False Tax Returns

    Federal prosecutors lobbed bribery charges Friday against the mayor of a Chicago suburb who they say requested and accepted cash, campaign contributions and other benefits from a red-light camera company that had been serving the municipality.

  • August 07, 2020

    Texas AG's Recusal Bid Challenged In Securities Fraud Case

    The special prosecutors bringing felony securities fraud charges against Texas Attorney General Ken Paxton told a Harris County District Court judge on Friday to ignore a recusal motion lodged by the attorney general's defense team a day earlier as untimely.

  • August 07, 2020

    White House Seeks 2022 Cutoff In China Listings Crackdown

    A White House task force issued policy proposals on Thursday that would give Chinese companies until 2022 to either comply with U.S. audit requirements or get delisted from U.S. exchanges.

  • August 07, 2020

    11th Circ. To Rehear Epstein Victims' Lawsuit

    The 11th Circuit on Friday vacated an April panel decision and said it will rehear en banc a petition from an alleged victim of Jeffrey Epstein that argues a non-prosecution agreement between the billionaire sex offender and federal prosecutors violated her rights under the Crime Victims' Rights Act.

  • August 07, 2020

    Surgical Device Co. Says J&J Shouldn't Have Seized Products

    A company that a Johnson & Johnson unit has accused of selling purportedly counterfeit versions of surgical devices told an Illinois federal court Friday that a seizure order of 1.27 million of its products should not have been granted, saying the subsidiary has shown "little, if any, evidence of the ballyhooed pervasive counterfeiting scheme."

Expert Analysis

  • Differences Between US And UK Data Sharing Legislation

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    The recently effective cross-border data sharing agreement offers U.K. law enforcement easier access to data held by U.S. communications providers, and allows the U.S. scope to streamline its own processes, say Alison Geary and Joanna Howard at WilmerHale.

  • Opinion

    ADA Protects Lawyers With Disabilities, But We Must Do More

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    As an attorney with cerebral palsy, Danielle Liebl at Reed Smith says that while the 30-year-old Americans with Disabilities Act has protected her against discrimination, the legal industry must do more to accommodate lawyers with disabilities and make them more comfortable in self-identifying.

  • Perspectives

    Legal Deserts Threaten Justice In Rural America

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    Many small towns and rural counties have few lawyers or none at all, which threatens the notion of justice for all Americans and demands creative solutions from legislators, bar associations and law schools, says Patricia Refo, president of the American Bar Association.

  • Analyzing Upward And Downward Trends In Legal Tech

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    Advances in legal technology are often accompanied by bombastic overstatements, but it is important to separate the wheat from the chaff by looking at where various technologies stand on the hype curve, says Lance Eliot at Stanford Law School.

  • Special Masters Can Ease COVID-19 Criminal Case Backlog

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    As courts resume criminal jury trials amid the pandemic, there are several ways special masters can assist overtaxed federal judges in efficiently and expeditiously navigating pretrial issues, say former Third Circuit Judge Thomas Vanaskie and Geoffrey Johnson at Stevens & Lee.

  • Health Providers Should Beware FCA Risks Of COVID-19 Aid

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    Health care providers accepting pandemic aid from the Public Health and Social Services Emergency Fund or Paycheck Protection Program should take steps to protect themselves from criminal and civil exposure under the False Claims Act, even if they receive the funds automatically, say attorneys at Orrick.

  • Essentra Case Signals New Sanctions Risks For Non-US Cos.

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    The recent settlement of an enforcement action against United Arab Emirates company Essentra FZE, for its dealings with North Korea, is a reminder that virtually any U.S. nexus — even the use of a U.S. bank's foreign branch — can serve as a predicate for trade sanctions, say attorneys at Paul Weiss.

  • Opinion

    ABA's New Guidance On Litigation Funding Misses The Mark

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    The American Bar Association should revise its recently approved best practices on third-party litigation funding as they do not reflect how legal finance actually works and could create confusion among lawyers, says Andrew Cohen at Burford Capital.

  • What Firms Should Ask Before Hiring Attorneys From Gov't

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    In the final year of any presidential administration, there is an undeniable appetite on the part of large law firms for government-savvy legal talent, but firms need to first consider how they will actually utilize their new star hire, says Michael Ellenhorn at Decipher.

  • The Ethics Of Using Chatbots For Legal Services

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    Delegating legal work to robots involves several risks, including running afoul of statutes dictating unauthorized practice of law, but with the right precautions, law firms can lawfully employ artificially intelligent chatbots that can imitate human conversations, say attorneys at Haynes and Boone.

  • FIFA Ruling Brings New Risks For Development Bank Projects

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    After the Second Circuit's recent decision upholding FIFA officials' bribery convictions, foreign businesses with multilateral development bank-sponsored projects whose financing emanates from the U.S. must ensure they are not violating U.S. wire fraud statutes, even if commercial bribery is legal in the foreign country, says Joshua Ray at Rahman Ravelli.

  • Opinion

    ABA Must Seize Opportunity To Respond To Bar Exam Chaos

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    The challenges of administering bar exams this year have put the future of the profession in jeopardy, but the American Bar Association at its ongoing annual meeting can adopt a resolution that would urge jurisdictions to take emergency actions with respect to licensure of new attorneys, says Nicholas Allard, former president of Brooklyn Law School.

  • When Judges Are Not Neutral

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    The Sineneng-Smith case recently decided by the U.S. Supreme Court and the ongoing Michael Flynn saga in D.C. federal court arguably demonstrate that all courts do not always act as neutral arbiters, says Douglas Lang at Dorsey & Whitney.

  • Lessons From OIG Relief Funding Oversight Report

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    Attorneys at Crowell & Moring distill best practices from the Pandemic Response Accountability Committee's report on challenges offices of inspector general experienced in disbursing federal relief funds, to help recipients avoid missteps and prepare for future audits, investigations or litigation.

  • How Pandemic Is Affecting The Pace Of Judicial Opinions

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    The COVID-19 pandemic has changed the way judges work, but how has it impacted the volume of work product they generate? Ben Strawn and Omeed Azmoudeh at Davis Graham investigate using data from the PACER federal courts registry.

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