White Collar

  • July 28, 2016

    Two More Charged In Miami In Shell Companies Stock Fraud

    Federal authorities filed charges Thursday against two more stock promoters in Florida who they say helped operate a $6 million pump-and-dump scheme in which they issued shares in fraudulent shell companies and sold them to investors at a profit.

  • July 28, 2016

    Rothstein Feeder Fund Settles With Insurers For $2.2M

    A Florida bankruptcy judge on Thursday approved a $2.2 million deal between the trustee liquidating an investment fund that fed into jailed attorney Scott Rothstein's $1.2 billion Ponzi scheme and two insurers over their attempts to dodge millions in commercial crime insurance coverage.

  • July 28, 2016

    Cosby Drops Suit Saying Accuser Breached Confidentiality

    Bill Cosby on Thursday dropped a breach of contract suit in Pennsylvania federal court against a woman who accused him of sexual assault and others who signed a 2006 settlement agreement not to publicly discuss details of that case, an action that his attorney said allows him to focus on his criminal case.

  • July 28, 2016

    Ex-JPMorgan Banker's Dad Shared Inside Info, Jury Hears

    A onetime business associate of former JPMorgan Chase & Co. investment banker Sean Stewart's father on Thursday told a Manhattan jury of how he traded in health care company stock after the elder Stewart slipped him tips, which prosecutors say were based off of inside information.

  • July 28, 2016

    Ex-Louis Berger Execs Hit With FCA Suit Over Billing Fraud

    The former CEO and chief financial officer of Louis Berger Group Inc. were hit with a False Claims Act suit in Maryland federal court Thursday, following earlier criminal convictions of the pair, alleging they conspired to overbill the federal government on Afghanistan and Iraq reconstruction contracts.

  • July 28, 2016

    House Science Chair Blasts NY, Mass. AGs' Subpoena Refusal

    The Republican chairman of the House Committee on Science, Space and Technology said Wednesday he was “disappointed” that the attorneys general of New York and Massachusetts refused to comply with a subpoena scrutinizing their fraud investigations into whether ExxonMobil misled consumers and investors about climate change.

  • July 28, 2016

    Contractor On $42M Pa. Bridge Project Faces Fraud Charges

    The owner of a Pennsylvania painting company that has been cited multiple times for workplace safety violations has been indicted on embezzlement, fraud and water pollution charges stemming from a $42 million bridge rehabilitation project, the U.S. Department of Justice said Thursday.

  • July 28, 2016

    Ex-Utah AG Escapes Remaining Corruption Charges

    The remaining corruption charges against former Utah Attorney General Mark Shurtleff were dismissed Wednesday, two years after prosecutors accused him of obstructing justice and taking improper gifts.

  • July 28, 2016

    Baker & McKenzie Snags Former Top Calif. US Atty

    Baker & McKenzie LLP has snared a top federal prosecutor with almost two decades in the U.S. Department of Justice for its litigation and government enforcement practice, the firm announced Thursday.

  • July 28, 2016

    EXCLUSIVE: EU Planning Mandatory Bitcoin User Database

    A mandatory database tracking users of cryptocurrencies such as bitcoin could be introduced by 2019, a source close to the matter told Law360 on Thursday, as European leaders turn the heat up on anonymous money transfers in the wake of several terrorist atrocities.

  • July 28, 2016

    $1B-Plus Del. Chancery Ponzi Claims Moved to Fed. Court

    A Delaware Chancery Court proposed class action claiming damages from a “Ponzi-like” scheme involving real estate trusts and insider deals topping $1 billion moved toward federal court Thursday, part of a widening circle of litigation centered on interests of Texas-based United Development Funding III.

  • July 28, 2016

    Atty Can't Duck 46-Month Tax Evasion Sentence At 9th Circ.

    A Ninth Circuit panel Wednesday upheld a 46-month prison sentence for a Sacramento attorney accused of failing to pay taxes on about $2.6 million in income, saying in a published opinion the lower court and jury correctly qualified the money taken under a partnership draw from his law practice as salary.

  • July 28, 2016

    Felony Not Grounds For Citizenship Denial, 9th Circ. Says

    The U.S. Citizenship and Immigration Service can’t deny the naturalization application of a Chinese woman convicted of trafficking in counterfeit Microsoft software, because her crime may not rise to the level of an aggravated felony, the Ninth Circuit said Wednesday in a published opinion.

  • July 28, 2016

    8th Circ. Tosses 4-Year Sentence Over Unpaid Taxes

    The Eighth Circuit rejected a Minnesota man’s 51-month sentence for withholding employment taxes for his home health care business from the IRS, maintaining Thursday that the lower court did not justify a “leadership” sentence enhancement for owning the companies involved.

  • July 28, 2016

    FCA Says Firms Showing Improvements After Forex Scandal

    More than 30 firms working on the U.K.'s forex market and enrolled in a corrective program after the forex manipulation scandal are showing “real improvements,” the Financial Conduct Authority said Thursday, urging the firms’ peers to learn similar lessons.

  • July 28, 2016

    German Prosecutors Drop Ex-Porsche Exec Fraud Appeal

    Prosecutors in Stuttgart, Germany, said on Thursday that they would abandon their attempt to revive claims that two former Porsche SE executives misled investors in the lead-up to an unsuccessful bid to takeover Volkswagen AG.

  • July 27, 2016

    PG&E Calls Feds' Case 'Trial By Sound Bite' In Closing

    Pacific Gas and Electric Co. delivered its closing defense Wednesday in the six-week federal criminal trial over the deadly 2010 San Bruno gas pipeline explosion, telling jurors that the federal government lacks evidence of criminal wrongdoing and based its case on "sound bites and conspiracy theories."

  • July 28, 2016

    CORRECTED: Skeloses Face Continuing Fallout From Convictions

    Former New York State Senate leader Dean Skelos saw his name stricken from New York’s attorney roll Wednesday, finalizing his automatic disbarment for his December conviction on corruption charges, just a day after his also-convicted son abandoned his efforts to fight a forfeiture proceeding of his Long Island home. (Correction: An earlier story mischaracterized the agreement Adam Skelos reached with the federal government. The error has been corrected.)

  • July 27, 2016

    Receiver Fights Reduced Judgment In Funeral Scam Suit

    The receiver for three defunct companies that conducted a $474 million Ponzi-like scheme involving prepaid funeral services asked the Eighth Circuit on Monday to reverse a trial court decision that reduced a jury verdict in the case by $100 million.

  • July 27, 2016

    Broker Pleads Guilty To Role In $131M Investment Scheme

    A securities broker pled guilty in New York federal court on Wednesday to securities fraud in relation to a scheme that bilked investors of lighting company ForceField Energy Inc. out of approximately $131 million, the U.S. Department of Justice said in a statement.

Expert Analysis

  • Corporations In The Crosshairs Of Product Liability Claims

    Stephanie E. Parker

    More than in past presidential campaigns, the leading candidates have targeted American corporations, taking turns outbidding one another in appealing to anti-corporate sentiments. And the plaintiffs bar has been trying to leverage the mood across a broad front — from changes in jury selection to trial strategy to the types of claims they bring, say attorneys at Jones Day.

  • OPINION: Our Juries Are Being Circumvented

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    The Freddie Gray case and a recent U.S. Supreme Court decision demonstrate how the government replaces juries, removing the jury as an important decision maker in the community and as a check on governmental power — roles that are especially important in these times, says Professor Suja A. Thomas of the University of Illinois College of Law.

  • A Look At UK's 2nd Deferred Prosecution Agreement

    Kevin Robinson

    The U.K. Serious Fraud Office recently announced that it had secured its second deferred prosecution agreement. One of the most significant features of the financial settlement is that the as-yet-unidentified U.K. company’s U.S. parent has been made responsible for funding almost the entirety of the penalty, says Kevin Robinson of Morgan Lewis & Bockius LLP.

  • Legal Aid, Meet Legal Tech

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    Because there will never be enough free lawyers to satisfy demand from low-income Americans, we need to leverage technology to allow the legal expertise of one lawyer to reach hundreds or thousands of clients at once, say Jonathan Petts and Rohan Pavuluri, co-founders of startup nonprofit Upsolve.

  • How 2nd Circ. Microsoft Ruling Will Affect Law Enforcement

    Grant P. Fondo

    The Second Circuit recently held that Congress enacted the Stored Communications Act to enhance a user’s privacy rights, rather than provide the government another tool for disclosure of information. A number of holdings in Microsoft v. U.S. are likely to have a significant impact on the scope of privacy protections and government investigations, says Grant Fondo, a partner at Goodwin Procter LLP and former federal prosecutor.

  • Recent Off-Label Device Cases Are A Road Map For The Future

    Dulce J. Foster

    Although the question of whether the government may properly use off-label speech as evidence of intent to misbrand a medical device is likely to remain unsettled for years, two recent decisions offer clues to the government’s future off-label prosecution strategies, notwithstanding how that question is resolved, says Dulce Foster at Fredrikson & Byron PA.

  • Testing The UBE: Portable But Inaccurate Bar Exam Scores

    Suzanne Darrow-Kleinhaus

    While there is not much that is new about the uniform bar exam’s components, what is new is that where you take the bar exam may make the difference between passing and failing. Half of the score depends on the strength of the applicant pool in the jurisdiction where the candidate wrote the exam, which may lead to “UBE shopping,” says Suzanne Darrow-Kleinhaus, director of bar programs at Touro Law Center.

  • Latest FCPA Deal Validates Pilot Program

    William Steinman

    The U.S. Department of Justice's recent decision to close its Foreign Corrupt Practices Act investigation of Johnson Controls without charges provides a glimmer of hope that self-disclosure under the so-called pilot program might just be worthwhile, says William Steinman of Steinman & Rodgers LLP.

  • Carelessness Is Not Criminal: The Impact Of FBI Chief's Theory

    Brian E. Finch

    Buried deep in the transcript of FBI Director James Comey’s fiery hearing with the House Oversight and Government Reform Committee was an interesting nugget — Comey stated that he has worked hard “to stop the criminalization of negligence in the United States.” It’s a fascinating position to take and could alter attitudes about who should be held accountable following cyberattacks, says Brian Finch of Pillsbury Winthrop Shaw Pittman LLP.

  • Testing The UBE: Missouri Benefits From Uniform Bar Exam

    Jim Nowogrocki

    We in Missouri do not take lightly to new trends or frothy ideas. Yet, the uniform bar exam has allowed us to meet the challenges of an increasingly mobile legal profession and the changing needs of clients, and to ensure that a newly admitted attorney has the knowledge, character and fitness to practice in the Show-Me State, says Jim Nowogrocki, president of the Board of Law Examiners in Missouri — the first state to adopt the UBE.