White Collar

  • October 8, 2015

    Ex-TD Bank VP Pleads Guilty Over $1.2B Rothstein Scheme

    A former TD Bank NA regional vice president pled guilty on Thursday in Florida federal court to wire fraud charges for his alleged role in jailed attorney Scott Rothstein’s $1.2 billion Ponzi scheme.

  • October 8, 2015

    FIFA Ethics Committee Suspends Blatter And Others

    Beleaguered FIFA President Joseph “Sepp” Blatter has been suspended for 90 days amid a wide-ranging investigation into corruption within the business of global soccer and a new criminal case against Blatter by Swiss authorities.

  • October 8, 2015

    Jones Day Nabs Assistant US Atty For White Collar Practice

    Jones Day has lured another federal official back into private practice, nabbing an assistant U.S. Attorney with experience handling high-profile prosecutions to bolster the firm’s investigations and white collar defense practice in Houston, the firm announced on Thursday.

  • October 8, 2015

    Failed Bank's Shareholders Rip 'Keystone Kops' FinCEN Probe

    The lead shareholders in an Andorran bank that was shut down after the U.S. government determined that it was at risk of being used by terrorists and drug traffickers to launder money has sued the Financial Crimes Enforcement Network, alleging that the determination process was a “Keystone Kops”-type fiasco.

  • October 8, 2015

    Colo. Pot Credit Union Says No Trial Needed In KC Fed Case

    A Colorado credit union formed to serve the state’s booming legal marijuana industry asked a federal judge on Wednesday to order the Federal Reserve Bank of Kansas City to provide it with access to a key bank account without going to trial.

  • October 7, 2015

    Jury Convicts Ex-Reuters Editor In LA Times Hacking Case

    A California federal jury on Wednesday convicted a former Reuters social media editor who allegedly helped the hacker group Anonymous break into the Los Angeles Times’ website and alter content, after a seven-day trial.

  • October 7, 2015

    Bharara Says He Wasn't Surprised By Newman Cert. Denial

    U.S. Attorney Preet Bharara said on Wednesday he wasn’t surprised that a busy U.S. Supreme Court did not take up the federal government’s appeal of the landmark Newman decision despite his hopes the justices would accept the case and reverse a ruling on insider trading with which he deeply disagrees.

  • October 7, 2015

    Fantasy Sports Scandal Highlights Need For Regulation

    The daily fantasy sports industry has been hit in recent weeks with new allegations of leaked data and employees using inside information to win hundreds of thousands of dollars, drawing the interest of lawmakers and regulators in what experts say could lead to a whole new world of regulation for the industry.

  • October 7, 2015

    Microsoft Flags EU Data Pact's Demise In Fight Over Warrant

    Microsoft Corp. urged the Second Circuit on Tuesday to take into account a European court’s invalidation of the safe harbor data transfer scheme and a recent U.S. Senate hearing on electronic privacy laws when deciding whether to allow the government to access consumer data stored overseas.

  • October 7, 2015

    Stanford Receiver Scores $50M Win Against Ex-Treasurer

    A Texas federal jury said the former treasury manager for R. Allen Stanford’s $7 billion Ponzi scheme is liable for $50 million in damages for breaching her fiduciary duty to Stanford’s bank, the receiver for Stanford’s victims announced Wednesday.

  • October 7, 2015

    FIFA Hasn't Told Prez Blatter He's Benched, Lawyers Say

    Attorneys for FIFA President Joseph "Sepp" Blatter said Wednesday that the international soccer governing body’s ethics committee has not told Blatter about any disciplinary action, despite rumors that the committee had recommended a suspension amid corruption allegations from Swiss prosecutors.

  • October 7, 2015

    Miami Doc Indicted For Part In $20M Medicare Fraud

    A Miami doctor has been indicted for allegedly participating in a Medicare fraud scheme that robbed the government of more than $20 million, the U.S. Department of Justice announced Wednesday.

  • October 7, 2015

    Texas High Criminal Court Takes Up Ex-Gov. Perry Case

    Texas’s highest criminal court agreed Wednesday to hear both former Texas Gov. Rick Perry’s argument that the entire felony abuse-of-office case against him should be thrown out, and the prosecutor’s argument one charge against Perry was wrongly dismissed.

  • October 7, 2015

    Ex-UCB Exec Can’t Deny He Caused $950M Loss, Feds Say

    The U.S. government again made its case that a convicted former United Commercial Bank executive must repay nearly $950 million to the Federal Deposit Insurance Corp. and the Troubled Asset Relief Program over his role in the bank’s failure, firing back at his claim that he isn’t liable for the collapse.

  • October 7, 2015

    Man Sentenced For Selling Bogus Parts To Navy Contractors

    A Massachusetts man on Tuesday was sentenced to 37 months in prison for importing counterfeit semiconductors from China and Hong Kong and reselling them to U.S. customers, including contractors of the U.S. Navy for use in nuclear submarines, according to the U.S. Department of Justice.

  • October 7, 2015

    Silver Team Scraps With Gov't Over Jury Selection, Evidence

    In a testy preview of former New York State Assembly Speaker Sheldon Silver's November kickbacks and corruption trial, the ex-lawmaker's counsel scrapped with prosecutors Wednesday in New York federal court over how to pick jurors and the pace of evidence-sharing.

  • October 7, 2015

    Feds Urge Justices To Allow Wider Use Of Tribal Convictions

    The U.S. Department of Justice has urged the U.S. Supreme Court to review a Ninth Circuit decision to toss a criminal domestic violence indictment against a Native American man, arguing that the ruling risks “hamstringing the prosecution of recidivist offenders.”

  • October 7, 2015

    Ex-Massey Energy CEO Loses Bid To Transfer Criminal Case

    A West Virginia federal judge on Wednesday refused an attempt by former Massey Energy CEO Don Blankenship to transfer the federal government’s criminal case accusing him of driving safety violations before an explosion killed 29 people at a mine.

  • October 7, 2015

    FanDuel Bans Employees From Fantasy Play, Opens Review

    Fantasy sports betting company FanDuel Inc. on Wednesday said it has permanently banned its employees from playing daily fantasy games for money on any site and has asked a team from Debevoise & Plimpton LLP to review its internal controls, after accusations of what amount to insider trading.

  • October 7, 2015

    DC Circ. Challenges Campaign Spending On Ex-Sen.'s Arrest

    A D.C. Circuit panel on Wednesday sharply questioned former U.S. Sen. Larry Craig’s bid to overturn a ruling barring him from using campaign committee funds for legal fees stemming from his 2007 disorderly conduct arrest, urging him to explain how the expenses related to his official duties.

Expert Analysis

  • Migratory Birds Of A Feather Don't Always Flock Together

    Laura G. Zagar

    The scope of the Migratory Bird Treaty Act's take prohibition has become a key issue in the energy industry, both in the criminal and civil context, and the Fifth Circuit's ruling in United States v. Citgo Petroleum Co. that the MBTA's take prohibition is limited to only intentional take of migratory birds further widens a circuit split and perpetuates regulatory uncertainty, say attorneys at Perkins Coie LLP.

  • Carjacker’s Use Of Uncle’s Phone Implicates Business Rights

    Daniel Wenner

    A carjacking case out of a district court in Michigan illuminates a potential pitfall in the ubiquitous business practice of issuing to employees company-owned mobile phones and other devices — a pitfall with increased urgency in the wake of the Yates memo, say Daniel Wenner and Kenton Atta-Krah of Day Pitney LLP.

  • 5 Things Clients Never Tell Their Lawyers


    Given the times we live in, it is almost inevitable that everyone will, sooner or later, need to consult with legal counsel. With that in mind, I thought it might be interesting to discuss a few things that clients just won't tell their lawyers, says Francis Drelling, general counsel of Specialty Restaurants Corp.

  • 3rd Circ. Reins In Damages For Disadvantaged Business Fraud

    David A. Vicinanzo

    Curtailing an aggressive loss theory that held defendants to more than the government’s loss in some fraud cases, the Third Circuit's recent decision in U.S. v. Nagle makes clear that when the government contracts for goods or services and receives them, the proper measure of loss is not the full value of the contract, say attorneys with Nixon Peabody LLP.

  • It May Not Always Be Safe To Follow Advice Of Counsel

    Steven A. Shaw

    The recent Southern District of New York decision in United States v. Wells Fargo Bank is one of the very few addressing whether an individual civil defendant can present an advice of counsel defense using information his employer asserts to be protected by attorney-client privilege, say Steven Shaw and Luke Meier of Covington & Burling LLP.

  • Lessons From Avon's FCPA-Related Settlements

    Riyaz Dattu

    When Avon Products Inc. first learned about potential Foreign Corrupt Practices Act problems in China, it simply directed that internal control measures be instituted at the subsidiary, with no follow-up on the compliance initiatives. By the time Avon began a full-blown internal investigation, much of the damage had been done, say Riyaz Dattu and Sonja Pavic of Osler Hoskin & Harcourt LLP.

  • Current Capacitor Investigation May Be Tip Of Large Iceberg

    Robert Connolly

    The Antitrust Division’s grand jury investigation of the massive capacitors industry had been relatively quiet until the U.S. Department of Justice's recent announcement of criminal charges against NEC Tokin Corp. The first guilty plea changes the question from "Was there a capacitor cartel?" to "How deep does this go?” says Robert Connolly, a partner with GeyerGorey LLP and former chief of the Antitrust Division’s Philadelphia field office.

  • Caldwell Remarks Clarify Yates Memo's Purpose

    Richard Smith

    Although the U.S. Department of Justice's recent memo on the prosecution of individuals is termed “guidance,” statements made by Assistant Attorney General Leslie Caldwell at a conference last week make it clear that the new memo will carry with it a new approach to the DOJ’s corporate resolutions, say attorneys with Norton Rose Fulbright.

  • OPINION: Paul Harvey, RIP


    After recently hearing a young trial lawyer start his opening statement with the Paul Harvey approach, I feel motivated to set out the reasons why defense lawyers should not use this technique anymore, says Dr. Ross Laguzza of R&D Strategic Solutions.

  • DOJ Targets D&O: Yates Memo's Impact On Insurance Claims

    Susan R. Huntington

    The U.S. Department of Justice's new enforcement policy holding individual corporate executives accountable for corporate wrongdoing in both criminal and civil cases will likely increase the costs associated with claims under director and officer insurance policies, say attorneys at Day Pitney LLP.