White Collar

  • August 20, 2019

    LA Opera Taps Gibson Dunn Atty For Placido Domingo Probe

    The Los Angeles Opera said in a statement Tuesday that it hired Gibson Dunn & Crutcher LLP partner Debra Wong Yang to lead an investigation into Placido Domingo, the longtime director of the opera who was recently accused of serial sexual misconduct.

  • August 20, 2019

    Texas Injury Attys Charged In Case Runner Kickback Scheme

    A prominent Houston injury lawyer and two other attorneys have been charged in an alleged ambulance-chasing kickback scheme involving millions of dollars in payments for illegal client referrals, according to a 21-count federal indictment unsealed Tuesday.

  • August 20, 2019

    Insys Creditors Want More Guarantees In Severance Plan

    Insys Therapeutics Inc.’s unsecured creditors want assurance that employees “involved or complicit” in criminal conduct will not receive severance pay as part of the pharmaceutical company’s Chapter 11, they told a Delaware bankruptcy court Tuesday.

  • August 20, 2019

    PR Guru Says Rick Gates 'Panicked' About Craig NYT Call

    In late 2012, Rick Gates was in a frenzy about the public release of a Skadden report he and his boss Paul Manafort hoped would get favorable press coverage for a Ukrainian president, a media consultant testified Tuesday at the trial of the law firm's former partner Gregory Craig.

  • August 20, 2019

    Ex-CEO To Pay $20M Over Small-Biz Contracting Scheme

    A Virginia defense contractor’s former CEO agreed to fork over $20 million to settle allegations that he violated the False Claims Act by fraudulently winning small-business contracts his company wasn’t eligible for, the U.S. Department of Justice said Tuesday.

  • August 20, 2019

    Russian Crypto Ratings Agency Settles SEC's Promo Claims

    The U.S. Securities and Exchange Commission on Tuesday said Russia-based cryptocurrency ratings company ICO Ratings has agreed to pay hundreds of thousands of dollars to settle claims that it failed to disclose payments from issuers for publicizing their blockchain-based digital assets.

  • August 20, 2019

    Money Laundering Row Can't Be Litigated, NY Court Hears

    A New York businessman accused of helping to launder some $440 million stolen from the Kazakh city of Almaty and a Kazakh bank has urged a New York federal court to send their dispute to arbitration, calling the litigation a "blatant" violation of an underlying arbitration agreement.

  • August 20, 2019

    More Than 20 Texas Towns Hit By Ransomware Attacks

    More than 20 local Texas governments have become the latest publicized victims of ransomware, with hackers demanding digital payment to unlock computer networks in what state officials have called coordinated attacks.

  • August 20, 2019

    Crypto Co. Veritaseum Asks Court To End SEC's Asset Freeze

    Cryptocurrency company Veritaseum Inc. pushed back in New York federal court Monday against an asset freeze won by the U.S. Securities and Exchange Commission as part of its suit accusing the company's owner of bilking investors out of $15 million through its Veri Token offering.

  • August 20, 2019

    2nd Ex-JP Morgan Metals Trader Cops To Spoofing

    A former JPMorgan Chase metals trader pled guilty in Brooklyn federal court Tuesday to spoofing commodities transactions for most of his 12-year career, making him the second trader at the bank to admit to such a scheme.

  • August 20, 2019

    Dean Foods Ex-Chair Diverts $9.7M Fraud Restitution Suit

    The former Dean Foods Co. chairman convicted of insider trading does not have to face the company's lawsuit in Texas seeking to recoup $9.7 million it spent on the case, including millions for his legal defense, after a state judge ruled Monday that the case belongs in Delaware.

  • August 20, 2019

    Feds Want Annuity Of Atty Who Copped To $11.8M Scheme

    The federal government is looking to collect the contents of an Allianz Life Insurance Co. annuity policy held by a New York attorney who pled guilty to money laundering and tax crimes as part of a scheme to steal about $11.8 million in estate assets from an elderly philanthropic couple.

  • August 20, 2019

    Petrobras Objector's Reduced Fee Award Concerns 2nd Circ.

    The Second Circuit seemed tempted Tuesday to return a fee dispute in the settled, $3 billion Petrobras securities class action to U.S. District Judge Jed S. Rakoff, after a settlement objector complained that his work saved the class $46 million but he only got an $11,700 award for his trouble.

  • August 20, 2019

    $54M Ponzi Scheme's Architect Gets 22-Year Sentence

    The mastermind behind a $54 million Ponzi scheme was handed a 22-year prison sentence Tuesday as a judge questioned whether the admitted fraudster could ever be trusted to respect the law after cooking up a second plan to pilfer investors while on bail for the original crime.

  • August 20, 2019

    Feds Say Fake PAC Man Who Used Beto Site Is On The Lam

    A California man accused of pilfering $250,000 from web surfers who thought they were supporting the political action committees of prominent politicians like Beto O'Rourke jumped bail after appearing in Arizona and is on the lam, federal authorities in New York said Tuesday.

  • August 19, 2019

    9th Circ. Backs Conviction In $6M 5-Hour Energy Fraud

    A Ninth Circuit panel on Monday upheld a California federal judge's move to allow civil deposition testimony in a criminal case in which a married couple was charged with running a $6 million scheme to sell fake 5-Hour Energy products, saying that the inclusion of two witnesses' statements after they invoked the Fifth Amendment was lawful.

  • August 19, 2019

    NRA Denied Sit-In On NY AG's Oliver North Deposition, Twice

    Both a New York state trial court judge and an appeals court judge on Monday rejected bids by the National Rifle Association to fight its way into a Tuesday deposition of its former president Oliver North by the New York attorney general, who is investigating the group's finances.

  • August 19, 2019

    Skadden Report A 'PR Tool,' Crisis Expert Says At Craig Trial

    A global public relations strategy for a Skadden report about a politically sensitive prosecution in Ukraine had an ambitious goal: recast the government’s relationship with the European Union and open the door for Ukraine membership, a PR consultant testified Monday in the criminal trial of former Skadden partner Gregory Craig.

  • August 19, 2019

    Location Privacy Warrant Lines Still Murky After Carpenter

    District courts have been reluctant to require warrants for access to digital records beyond the historical cellphone location data covered by the U.S. Supreme Court's Carpenter decision, but appellate courts may end up flipping the script as criminal defendants and service providers continue to fight back.

  • August 19, 2019

    Avenatti Rips Extortion Charges, Says He Was Doing His Job

    Embattled attorney Michael Avenatti on Monday urged a New York federal court to toss a criminal indictment that alleges he sought to extort Nike Inc. for millions of dollars, arguing he was simply doing his job as a lawyer representing the interests of his client.

  • August 19, 2019

    SEC Opposes Bid For New Judges In Fla. Microcap Case

    The U.S. Securities and Exchange Commission on Monday opposed a bid for new judges in its case against a Florida attorney and her husband over their involvement in a pair of microcap schemes, arguing they have raised “woefully insufficient” claims of bias.

  • August 19, 2019

    Ex-Alstom Exec Can't Dodge Charges Despite 'Close' Call

    A former Alstom SA executive lost a bid to dismiss foreign bribery charges on Monday over years of delay, although a Connecticut federal judge said the case was a "close" one that illustrates the difficulty of deciding when a case is so old that it violates a defendant's right to a speedy trial.

  • August 19, 2019

    No Evidence Calif. Man Threatened Witness, Court Told

    The U.S. failed to demonstrate witness tampering before revoking the prison privileges of a California businessman accused of participating in a $511 million renewable-energy tax fraud scheme, the man told a Utah federal court.

  • August 19, 2019

    Ex-Palm Springs Mayor Indicted On Bribery, Perjury Charges

    A California grand jury has indicted the former mayor of Palm Springs for allegedly accepting $375,000 in bribes from two local developers and failing to disclose his financial ties to the developers in sworn statements, according to the Riverside District Attorney’s Office.

  • August 19, 2019

    GE Again Denies Report Of $38B Accounting Fraud

    General Electric Co. on Monday again pushed back against allegations by well-known whistleblowers who accuse the conglomerate of a $38 billion accounting fraud executed in part by hiding losses from its insurance business, saying the state of its current reserves is sound.

Expert Analysis

  • CFTC's Silence Stings In Wheat Futures Manipulation Case

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    The U.S. Commodity Futures Trading Commission v. Kraft and Mondelez case was expected to clarify new standards for prosecuting market manipulation, but instead ended in a settlement that failed to provide any guidance or context, and even barred the CFTC from publicly commenting on the case, says Braden Perry at Kennyhertz Perry.

  • What 2 Recent OFAC Cases Say About Compliance Priorities

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    Findings of violation issued by the Office of Foreign Assets Control earlier this month to U.S. companies DNI Express Shipping and Southern Cross Aviation are illustrative of the continued focus, by OFAC and other agencies, on completeness and accuracy in both responsive and voluntary disclosures, say attorneys at Akin Gump.

  • Crisis Messaging To Protect Law Firm Brand And Bottom Line

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    When crises occur, such as data security incidents or gender bias suits, a well-prepared law firm has a thoroughly tested communications plan at the ready, which ensures the firm is the most proactive news source, prevents the crisis from escalating and notifies stakeholders about mitigation efforts, says Zach Olsen at Infinite Global.

  • The Escalating Sanctions Against Venezuela, Russia And Iran

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    The past few weeks saw a flurry of activity demonstrating that imposition and enforcement of economic sanctions against Venezuela, Russia and Iran — and by extension China — continues to be a key driver for the Trump administration in confronting foreign policy challenges, say attorneys at Kirkland.

  • Assessing The Cost, Legal Fallout Of Capital One Data Breach

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    Following Capital One's recent massive data breach, Jack Lu of IPMAP estimates the incremental direct cost incurred for management of the breach and for post-breach legal and regulatory processes, shedding light on the economic and legal uncertainties.

  • Perspectives

    What You Should Know About Courtroom Closures

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    At attorney Greg Craig’s trial in D.C. federal court this week, the courtroom was cleared so prospective jurors could answer sensitive questions. Even seasoned litigators were left wondering about the nature of this subtle, yet significant, issue involving Sixth Amendment public trial rights, says Luke Cass at Quarles & Brady.

  • Next US Move Against Iran Could Block Humanitarian Aid

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    If the U.S. government uses its anti-money laundering authority under the USA Patriot Act to further isolate Iran, the consequences are likely to extend far beyond the purported aim of ensuring the exclusion of Iranian banks from the international financial system, says Jeremy Paner at Ferrari & Associates.

  • Spacey Case Points To Cos.' Need To Preserve Devices, Data

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    Criminal and civil proceedings against actor Kevin Spacey related to sexual assault allegations were recently dropped after the alleged victim’s mobile phone vanished. The lesson for companies is that employees’ use of personal devices and messaging apps for business purposes comes with legal risks, say Matt Horvitz and Nordo Nissi of Goulston & Storrs.

  • Series

    Why I Became A Lawyer: A Seaweed Scientist's Odyssey

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    In the early 1980s, I was working on my Ph.D. in marine biology and ecology. As part of an international team of scientists studying oil spill impacts on marine ecosystems, I saw a niche opportunity to combine science and law, says Andrew Davis of Shipman & Goodwin.

  • DOJ Enforcement Insights From Poultry Price-Fixing Case

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    The U.S. Department of Justice recently stayed the discovery process in the broiler chicken antitrust litigation in order to pursue a criminal investigation over the next six months. The potential crackdown on U.S. poultry companies demonstrates changing DOJ antitrust enforcement priorities, says Bill Dillon of Taylor English.

  • Mistakes Vs. Falsehoods In Trade Controls Submissions

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    Federal regulators have dramatically increased the number of economic sanctions enforcement actions this year — with many investigations focusing on whether companies have made false statements in submissions. There are seven key steps that companies can take to keep trade submissions accurate and reduce criminal liability, say attorneys at Covington.

  • US V. Craig And The Criminalization Of Nondisclosure

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    A D.C. federal court's recent decision in United States v. Greg Craig highlights important points about the contours of a concealment charge under the false statements statute — under which silence can be criminal — and indicates that deliberate engagement with a governmental unit can itself impose a duty to disclose, say Eric Nitz and Emily Damrau of MoloLamken.

  • Durational Disconnect Between Cartel Pleas And Class Certs.

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    Three key takeaways emerge from comparing class settlement time periods with related plea agreement time periods for the companies assessed the 40 largest fines by the U.S. Department of Justice for Sherman Act violations dating from 2005 to the present, says Jon Tomlin of Ankura Consulting.

  • 5th Amendment Strategy For Parallel Civil, Criminal Litigation

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    Whenever there is any prospect of criminal liability in civil litigation — as in the recent cases against Harvey Weinstein and former Theranos executives — it is important for both sides to understand the consequences of a party or key witness choosing to assert Fifth Amendment privilege, says Joshua Robbins at Greenberg Gross.

  • Opinion

    Clients Benefit From Law Firm Expense Growth

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    Although there continue to be corporate clients who are seduced by the idea that cheapest is always best when it comes to outside counsel, there are many negative implications on service delivery that result from myopically focusing only on cost reduction at the expense of quality and innovation, says Keith Maziarek at Katten Muchin.