Walmart Inc. told its employees Friday that former Sidley Austin LLP partner Jay Jorgensen, leader of the retailer’s global ethics and compliance program, is leaving the megachain to pursue other opportunities, according to an internal memo provided to Law360.
The Second Circuit affirmed Friday the damage calculations in a lower court ruling that sentenced a man to 78 months in prison for participating in a multimillion-dollar pump-and-dump scheme using the stock of a now-bankrupt NYSE-traded investment firm, Gerova Financial Group Ltd.
A Crow tribe member pressed the U.S. Supreme Court on Thursday to throw out his state court conviction for elk hunting in Wyoming's Bighorn National Forest, arguing that Wyoming’s statehood didn’t erase the tribe’s treaty right to hunt and that a circuit court ruling to that effect has been torpedoed by the high court.
Massachusetts federal prosecutors on Thursday fought a bid by Insys Therapeutics Inc. executives embroiled in an alleged conspiracy to bribe doctors into prescribing fentanyl-based drugs to disclose grand jury instructions, arguing the government did not wrongly explain the conspiracy charges.
A New York federal judge on Thursday overruled objections to the U.S. Securities and Exchange Commission's questioning of a former attorney for an ex-Apollo Management LP executive who stands accused of defrauding fund clients, saying there’s been no showing of common interest privilege.
A Massachusetts federal judge Friday granted preliminary approval of a $4.9 million settlement in a proposed class action filed by shareholders against State Street Corp., in which they claimed the bank overcharged clients and blew up revenue and profits in its financial statements.
A ground services company at John F. Kennedy International Airport agreed Thursday to pay $12.3 million to settle claims it paid kickbacks for contracts with British Airways and others at Kennedy and airports across the country, according to the New York State Attorney General’s Office.
An employee of a Blackfeet Tribe early childhood health and education program overseen by the U.S. Department of Health and Human Services pled guilty to stealing money through a scheme where she and others falsely claimed thousands of overtime hours they did not work, the U.S. Department of Justice said Friday.
A Broward County judge was charged with ethics violations Friday by Florida’s judicial ethics watchdog for admitted "intemperate" displays toward defense attorneys in a felony criminal trial that included inappropriately asking a courtroom deputy to physically remove one attorney during a sidebar conference.
Two scientists have had their convictions for fraudulently obtaining government research grants upheld by the Eleventh Circuit, with the panel affirming the couple's respective prison sentences and the order that they must pay $10.5 million in restitution for the grants they secured through the scheme.
A New Jersey investment manager and former fire chief was convicted at trial for operating a Ponzi scheme that bilked hundreds of clients, including friends, family and associates, out of more than $10 million, federal prosecutors said Friday.
Senate subcommittee leaders on Friday referred former U.S. Olympic Committee CEO Scott Blackmun to the U.S. Department of Justice and the FBI for an investigation into whether he made “materially false statements” about following up on allegations against former Olympic gymnastics team doctor and convicted abuser Larry Nassar.
Marc Mukasey of Greenberg Traurig LLP outmaneuvered the U.S. Department of Justice in two high-profile cases this year, including a jury acquittal in a speedy trial in which his client was facing up to 25 years in prison for commodities fraud, a feat that has landed him among Law360's 2018 White Collar MVPs.
A former chief revenue officer for the Sacramento Kings has agreed to plead guilty to taking $13.4 million from the team's sponsors for his own use by altering their sponsorship agreements without the team's knowledge.
A hospice company accused of wrongly billing Medicare for unnecessary care will pay almost $6 million to clear up two cases against it, Pennsylvania federal prosecutors announced Thursday.
The Kentucky Supreme Court has ruled that people convicted of crimes cannot file a claim for malpractice unless they have been exonerated or received some other type of post-conviction relief, saying that such a rule is common in other jurisdictions.
A former University of Oklahoma football player has been sentenced to five years in prison for defrauding victims out of $875,000 by convincing them to “invest” in sham apparel and nutrition companies and then pocketing the funds, prosecutors announced Thursday.
The Kentucky Supreme Court reinstated $80 million in punitive damages Friday against Grant Thornton LLP, concluding the accounting firm intentionally misled a client to believe a tax shelter it promoted was legal and hid information that it was not.
Four former executives of the bankrupt Constellation Healthcare Technologies Inc. have been indicted for bilking investors out of $300 million in connection with a merger designed to take their publicly traded company private, New Jersey federal prosecutors said Thursday.
A New Jersey federal judge on Wednesday appointed Levi & Korsinsky LLP as lead counsel in a proposed class action against Glencore PLC over investor losses allegedly tied to announcements that the United Kingdom and the United States are investigating the Swiss company’s overseas dealings.
The recent courtroom battle over the admissibility of statements made by former Deutsche Bank traders shines a spotlight on a potentially recurring problem — excessive government entanglement in an internal investigation. Counsel conducting such investigations should take certain steps to minimize the risk, say attorneys with Troutman Sanders LLP.
Recent financial fraud cases brought by the U.S. Securities and Exchange Commission and federal prosecutors around the country can hopefully serve as a warning to professional athletes and encourage caution when working with financial advisers, say Kevin Muhlendorf and Colin Cloherty of Wiley Rein LLP.
The U.S. Commodity Futures Trading Commission last month suffered a stunning blow to its expansive interpretation of market manipulation in its case against DRW Investments. But this does not quite spell the end for such cases, says Daniel Chirlin of Walden Macht & Haran LLP.
He was White House counsel to two presidents. When Reagan was shot, he explained the chain of command to a four-star general. And until a few years ago, many people still thought he was Deep Throat during the Watergate scandal. Fred Fielding of Morgan Lewis & Bockius may be the quintessential Washington insider. White and Williams attorney Randy Maniloff learned more.
In U.S. v. Adams, the taxpayer successfully asserted that attorney-client privilege extended to emails with his accountant, but failed to protect underlying documents due to muddy practices. Attorneys at Mayer Brown LLP distill the court’s decision and provide unclouded strategies for keeping communications with accountants away from government scrutiny.
A federal judge in South Carolina recently sentenced a former speech therapist to 111 months in federal prison on convictions of criminal health care fraud. Practitioners should be aware of the implications as the sentence is an unrequested and unexpected upward departure, say Bart Daniel and Elle Klein of Nelson Mullins Riley & Scarborough LLP.
Life sciences companies are susceptible to a wide range of crises that could expose them to legal liability and destroy their reputations. Sometimes, however, the greatest risks will come not from the facts that led to a crisis, but from the company's response, say attorneys at Debevoise & Plimpton LLP.
Last month, the IRS updated its voluntary disclosure practices. For taxpayers without criminal exposure, the updated protocol can provide the optimal route for an offshore disclosure, but more palatable options likely exist for the significant majority of noncompliant taxpayers, says Patrick McCormick of Drucker & Scaccetti.
Many law firms have tickets or luxury suites at sporting events to host clients and prospects. Matthew Prinn of RFP Advisory Group and Matt Ansis of TicketManager discuss some of the ways that firms can use those tickets effectively.
The U.S. Department of Justice's $236 million settlement last month with three South Korean companies was the largest ever for anti-competitive conduct against the U.S. government. A whistleblower’s role as the catalyst for that bid-rigging investigation may be a sign of things to come, say David Caputo and Zachary Arbitman of Youman & Caputo LLC.