An ex-Meggitt Inc. engineer accused of stealing trade secrets blasted the British aerospace and defense engineering company on Monday for asking a California federal judge to issue a final judgment against him because of purported discovery violations, arguing the company has substituted sanctions for arguing the facts.
A software developer testified Tuesday in the racketeering trial of former New Jersey Democratic power broker Joseph Ferriero that he didn't think he was arranging to pay kickbacks to the politically connected attorney for his assistance in securing municipal business.
An Arkansas federal judge on Tuesday freed Nautilus Insurance Co. from covering a sex abuse suit against convicted pastor Tony Alamo or separate suits over the alleged beatings of church members and the purported desecration of Alamo's wife's corpse.
A divided Pennsylvania Supreme Court on Tuesday shot down a petition from Attorney General Kathleen Kane challenging a county judge’s appointment of a special prosecutor to investigate allegations that she leaked confidential information to the media.
An Arkansas federal judge on Tuesday dismissed a consolidated shareholder derivative suit accusing Wal-Mart Stores Inc.'s board of concealing Mexican bribery claims from investors, ruling the plaintiffs failed to show the board knew about the supposed bribery or alleged efforts to torpedo a thorough investigation.
The Ninth Circuit ruled Tuesday that when a Mexican citizen living permanently in the U.S. was convicted of domestic violence under California law, he was convicted of a crime that rendered him deportable under federal laws governing deportation for domestic violence crimes.
A Florida judge ruled Tuesday that Miami Lakes, Florida, Mayor Michael A. Pizzi Jr., whose suspension was lifted after he was acquitted of federal bribery and extortion charges but was then blocked by the town from assuming his elected position, should be restored to office with back pay and benefits.
A New Jersey federal judge on Tuesday refused to toss an indictment against an investor who allegedly conspired to manipulate the bidding process for tax lien auctions in state municipalities, despite his claims that litigation delays are violating his right to a speedy trial.
Counsel for investment manager George Levin went for short and sweet in his defense Tuesday, focusing exclusively on how Levin helped his clients after they lost money in Scott Rothstein's $1.2 billion Ponzi scheme, but the Securities and Exchange Commission said it was not much.
In this month's roundup of attorney moves between public and private practice, we finally find out what firm landed the U.S. Department of Justice's former No. 2 official. Other highlights of this month's edition include a CFTC official who's leaving for Gibson Dunn & Crutcher LLP and a top Manhattan U.S. Attorney's Office task force chair who's finding greener pastures at WilmerHale.
Swiss citizen Peter Amrein pled guilty Tuesday in Manhattan federal court to helping U.S. taxpayers hide millions of dollars from the Internal Revenue Service while working with private clients at an unnamed bank in Switzerland.
The U.S. Supreme Court rejected North Carolina's bid to cast its ankle bracelet monitoring program outside the scope of the Fourth Amendment, ruling that, like the surveillance at issue in the high court's landmark Jones decision, the state's tracking practices constituted a search.
A former health insurance executive convicted for providing kickbacks to government officials to secure roughly $100 million in contracts lost an appeal on Monday before the Fifth Circuit, which ruled his lawyer's representation of a co-defendant in the scheme did not prove a conflict of interest.
The Department of Justice on Tuesday said auto parts supplier Robert Bosch GmbH has agreed to plead guilty and pay a $57.8 million criminal fine for conspiring to fix prices for spark plugs and other auto parts.
A former FBI agent received a 10-year prison sentence in Utah federal court Monday for using his position to obstruct a grand jury investigation of a defense contractor who was allegedly part of a $54 million kickback scheme.
Bankrupt Freedom Industries Inc. has agreed to clean up the site of the 2014 Elk River chemical spill, just days after pleading guilty in West Virginia federal court to its role in the disaster, the state Department of Environmental Protection said Tuesday.
A Second Circuit panel on Tuesday scrutinized a 17½-year fraud sentence given to a former foreign exchange currency trader who suffers from mental illness, including the delusion that he is a James Bond-like hero whose mission is to collect secret U.S. government assets around the world.
Target Corp. and other merchants objecting to multibillion-dollar MasterCard Inc. and Visa Inc. swipe fee settlements told a New York federal judge Monday that Willkie Farr & Gallagher LLP has dragged its feet in providing sensitive communications sent by an indicted former partner that they argue may undermine the deals.
London police are searching text conversations from the cellphones of foreign exchange traders working at CWM FX as part of an ongoing fraud probe into the firm, according to a media report Monday.
Federal prosecutors told a West Virginia district court judge Monday that the U.S. Supreme Court’s recent Omnicare decision only strengthens their argument that former Massey Coal Co. CEO Don Blankenship should be forced to face criminal securities fraud and false statement charges at his upcoming trial.
As regulators in Latin America and around the world become increasingly more active, it has become more likely that non-U.S. companies that have securities trading on U.S. exchanges become involved in a U.S. securities class action lawsuit, such as the one against Chemical & Mining Co. of Chile Inc., which is entangled in an ongoing corruption and tax evasion scandal, says Kevin LaCroix of RT ProExec.
In light of recent changes to the ABA Model Rules of Professional Conduct, what are a lawyer’s ethical duties arising from new technology? And what should a lawyer know about this technology? Bradley Arant Boult Cummings LLP partner J.S. “Chris” Christie Jr. offers an in-depth assessment of what every lawyer should consider in 2015.
Although the details of China’s recently announced plan to restructure and consolidate its state-owned enterprises are still unknown, the prospect of any change to China’s vast SOE network raises potentially significant considerations for legal and compliance officials dealing with the definition of “foreign official” under the Foreign Corrupt Practices Act, say Ryan Bonistalli and Alex Brackett of McGuireWoods LLP.
As recent settlements demonstrate, regulators will focus on the nuts and bolts of Bank Secrecy Act/anti-money laundering compliance programs, including how transactions are monitored, how information is shared, and what controls are in place to detect, escalate and report suspicious activity, says Olivia Radin of Freshfields Bruckhaus Deringer.
Experienced counsel complained that the use of administrative hearings for complex fraud cases, including in the insider trading case of Jordan Peixoto, had constitutional implications. Ironically, few were willing to litigate this issue with the U.S. Securities and Exchange Commission, say Derrelle Janey and Robert Gottlieb of Gottlieb & Gordon LLP.
Although further clarification is needed, courts appear to be leaning toward interpreting the Affordable Care Act's amendments to the False Claims Act's public disclosure bar as a nonjurisdictional defense. Litigants in FCA cases must therefore be prepared for corresponding changes in motion practice, timing and overall burdens, say Lori Pines and Shireen Nasir at Weil Gotshal & Manges LLP.
The recently disclosed Bilfinger bribery scandal related to the 2014 FIFA World Cup in Brazil, along with other Brazilian anti-corruption enforcement and regulatory developments, has reinforced the importance to companies doing business in Brazil of implementing effective compliance policies and procedures, say Nicholas Berg and David Rojas of Ropes & Gray LLP.
The recent disclosures by generic pharmaceutical companies regarding the U.S. Department of Justice probes suggest that the list of products under investigation could be expanding much like in the auto parts investigation, say Mark Rosman and Seth Silber of Wilson Sonsini Goodrich & Rosati PC.
While few details have been disclosed relating to the historic extension of Biomet Inc.'s deferred prosecution agreement, its warning is clear — where prosecutors question a company’s candor, cooperation or remediation of issues, the grip of formal oversight will not be easily released, say attorneys with Paul Hastings LLP.
A recent Southern District of New York ruling — bringing Madoff Ponzi scheme victims one step closer to recovery from Citco and PricewaterhouseCoopers — serves as a cautionary reminder to service providers to funds. They ought to be mindful that, even in the absence of contractual privity with investors, their acts and omissions can result in liability to those third parties, say Jonathan Sablone and Christine Vargas Colmey of Nixon Peabody LLP.