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White Collar

  • February 15, 2019

    Partial Gag Order Issued In Roger Stone WikiLeaks Case

    A Washington, D.C., federal judge on Friday issued a gag order prohibiting Roger Stone, a longtime ally of President Donald Trump, and witnesses and attorneys in his WikiLeaks criminal case stemming from the Russia probe from making public statements that could “inflame” the crowds that have gathered at his court appearances.

  • February 15, 2019

    Facing Up To 24 Years, Manafort Gets No Help From Mueller

    Former Donald Trump campaign chairman Paul Manafort is facing the possibility of spending nearly a quarter-century behind bars for bank and tax fraud, and special counsel Robert Mueller's office said Friday it didn't see "any mitigating factors" that the Virginia federal court should consider when handing down a final sentence.

  • February 15, 2019

    2nd Circ. Says Fraudster's DUIs Don't Merit Harsher Sentence

    The Second Circuit ordered a lower judge to resentence securities fraudster Scott Valente on Friday, saying the judge had put too much weight on Valente’s drunk driving-related offenses in his calculation of the sentencing guidelines before giving him 20 years in prison.

  • February 15, 2019

    Ex-Hedge Funder Avoids More Prison For KIT Digital Fraud

    An incarcerated former hedge fund boss was spared additional prison time Friday for his role in a multipronged securities fraud scheme involving KIT Digital Inc., with a Manhattan federal judge citing his cooperation in two trials that led to the convictions of the video technology startup's CEO and others.

  • February 15, 2019

    Ponzi Scammers Say Lavish Life Left Nothing To Confiscate

    Two men convicted of stealing nearly £80 million ($102 million) from London investors — money they spent on boats, property and cars — tried to convince a London judge Friday that none remained to be confiscated, with one defense attorney saying his client “was not reticent” in his spending.

  • February 15, 2019

    Witness Details Kickback Deals At Nursing Home Mogul's Trial

    A convicted health care fraudster testified Friday for the federal government in its $1 billion fraud trial against Miami businessman Philip Esformes about how he brokered deals in which medical providers paid illegal kickbacks for access to Esformes' extensive network of nursing facilities.

  • February 15, 2019

    7th Circ. Asked To Revive RICO Suit Against Seyfarth

    Seyfarth Shaw LLP should not have escaped a lawsuit over bad tax shelter advice it allegedly gave to an insurance executive who ended up reaching a $10 million settlement with the IRS, the executive told the Seventh Circuit in a filing made public Friday.

  • February 15, 2019

    Philly-Area Atty Arrested For 5th Time On Theft Charges

    After four prior arrests on charges that he allegedly stole from clients and his ex-wife, a Philadelphia-area attorney has been taken into custody again on suspicion that he also defrauded his mother-in-law, suburban Philadelphia prosecutors announced on Friday.

  • February 15, 2019

    Banker's Fake Doc Didn't Cinch Feds' Forgery Extradition Bid

    A Polish banker accused of submitting a phony letter exonerating himself in order to avoid being extradited from the U.S. to face forgery charges in Poland won a month's delay from a Brooklyn federal magistrate judge on Friday, with the court asking Polish prosecutors to be a bit more clear about their evidence first.

  • February 15, 2019

    Ex-Judge Faces Disbarment Over $600K Traffic Ticket Scheme

    New Jersey's Office of Attorney Ethics has called for the disbarment of a former municipal court judge who falsified court records related to motor vehicle tickets to steer $600,000 in fines from Monmouth County to nine towns where he presided, according to court documents made available Friday.

  • February 15, 2019

    NH Lottery Hits DOJ With Challenge To New Wire Act Opinion

    The New Hampshire Lottery Commission on Friday launched a legal challenge to the U.S. Department of Justice's January finding that the federal Wire Act's prohibitions against interstate gambling apply to non-sports betting.

  • February 15, 2019

    Ex-Goldman Exec Agrees To Face 1MDB Charges In US

    Former Goldman Sachs Group Inc. managing director Roger Ng Chong Hwa has agreed to be extradited from Malaysia to the U.S. to face charges of conspiring to misappropriate more than $2.7 billion from Malaysia's sovereign wealth fund, 1Malaysia Development Berhad.

  • February 15, 2019

    Exec Used EB-5 Cash For BMW, Loans, Wash. Court Holds

    The head of a development company was “‘consciously’ reckless” when he diverted money raised from investors through the EB-5 visa program so he could make payments on his BMW and issue loans to relatives, misappropriating at least $6.5 million, a Washington federal judge held on Friday.

  • February 15, 2019

    Trump's Drug Rebate Ban Faces Fraught Legal Path

    One of the Trump administration’s boldest moves to ease drug prices — a ban on billions of dollars in rebates negotiated by middlemen for health insurers — will need to traverse a legal minefield to become reality, experts say.

  • February 15, 2019

    'We're All Going To Jail,' Ex-Insys CEO Says He Heard At Work

    The former CEO of Insys Therapeutics Inc. on Friday described a messy internal battle after the government started investigating a speaker program allegedly used to bribe doctors to prescribe opioids, saying before jurors in Massachusetts federal court that he once heard another executive shout "we are all going to jail."

  • February 15, 2019

    Salesman Denies Bilking $1.5M From Ill. Employer

    An East Haven, Connecticut, man on Friday pled not guilty to charges that he and two others bilked an Illinois-based electronic components supplier where he worked out of more than $1.5 million, two days after he and the alleged co-conspirators were indicted by a grand jury.

  • February 15, 2019

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

    The last week has seen the European arm of a Japanese investment bank sue a Saudi billionaire, the former prime minister of Qatar face action involving a pricey mansion and a Swiss bank file claims against executives of a defunct business group being investigated by the U.K.'s fraud watchdog. Here, Law360 looks at those and other new claims in the U.K.

  • February 15, 2019

    Sprawling $1B Platinum Case Finally Going To Trial

    The $1 billion fraud case against four insiders at failed hedge fund manager Platinum Partners is going to trial in Brooklyn on Tuesday, setting up a courtroom showdown two years in the making.

  • February 15, 2019

    Water Tank Maker Can't Escape Cartel Fine In UK Appeal

    An English appeals court on Friday upheld the Competition and Markets Authority’s £130,000 ($167,000) fine against a steel water tank manufacturer for illegally exchanging price information, saying it could find no basis for criticizing the penalty that the CMA had imposed.

  • February 15, 2019

    Ex-Cognizant Execs Charged With $2M Indian Bribe Scheme

    Federal prosecutors and regulators handed down parallel criminal and civil charges on Friday for the former president and chief legal officer of Cognizant Technology Solutions Corp., accusing them of participating in a scheme to bribe an Indian official $2 million for permission to move forward on a construction project.

Expert Analysis

  • Advancing The Dialogue About Supply Chain Risks

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    The attention generated by last summer's "Deliver Uncompromised" initiative from the Defense Department has sparked a critically important dialogue among government agencies, industry and Congress about how to address supply chain integrity without breaking the country’s procurement system, say attorneys at Hogan Lovells.

  • A Brief Exploration Of Privilege Nuances In The Tax Context

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    Attorneys at Ropes & Gray LLP discuss three key cases highlighting the practical implications of client waivers and the crime-fraud exception to attorney-client and tax practitioner privileges.

  • Fresh Takes On Seeking Costs And Fees Under Rule 45

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    Recent case law reveals that courts vary widely in their approaches to shifting the costs and fees incurred in responding to a Federal Rule of Civil Procedure 45 subpoena. Nonparties responding to such requests should consider certain district court trends, say attorneys at Pepper Hamilton LLP.

  • 10th Circ. Engages Superstorm Scalia With New 'Monsoon'

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    The Tenth Circuit's recent extraterritorial application of securities law against Traffic Monsoon LLC and its founder was arguably inconsistent with the statutory text being examined. This case could bring the crux of Justice Antonin Scalia’s opinion in Morrison v. National Australia Bank back to the U.S. Supreme Court, says Timothy Work of Steptoe & Johnson LLP.

  • Big Change For Witness Privilege In House Investigations

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    New rules in the U.S. House of Representatives drastically increase committees’ investigative power by allowing staff to conduct depositions without members present and making it considerably easier for committees to overrule privilege objections during depositions, say Sam Dewey and Llewelyn Engel of McDermott Will & Emery LLP.

  • Series

    Judging A Book: Smith Camp Reviews 'Echo Of Its Time'

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    "Echo of Its Time" is the story of Nebraska’s federal district court from statehood in 1867 to the demise of Prohibition in 1933. Professors John Wunder and Mark Scherer have written an objective, unsentimental and insightful history, layered with context and rich in character study, says U.S. District Judge Laurie Smith Camp of the District of Nebraska.

  • Securities Class Action Filings Show No Signs Of Abating

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    The number of securities class action filings has remained high over the last year, and this trend is likely to continue, particularly if the markets remain volatile. But the good news for corporate America is that the number of dismissals also appears to be increasing, say attorneys at Skadden Arps Slate Meagher & Flom LLP.

  • Linguistic Clues In Mueller Subpoena Case

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    What country is "Country A" in Special Counsel Robert Mueller’s investigation? Publicly available court opinions and filings are heavily redacted, but two patterns emerge upon a close reading of the unredacted language, says Kristina Arianina of Squire Patton Boggs LLP.

  • It's 2 Steps Forward, 1 Step Back For The Cannabis Industry

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    The cannabis industry has seen enormous progress of late but uncertainty remains. Business owners still face questions such as how to apply generally accepted inventory accounting rules and cooperate during an Internal Revenue Service audit without risking criminal prosecution, says Jennifer Benda of Fox Rothschild LLP.

  • Guest Feature

    'The Mooch' Talks Mayhem, Con Law, Lessons From Harvard

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    Anthony Scaramucci is probably best known for the 11 days he spent as White House director of communications in 2017. But when White and Williams LLP attorney Randy Maniloff sat down to chat with "the Mooch," he was interested in hearing a different story.