White Collar RSS

  • April 16, 2014

    Ex-Stryker, Sanofi Execs Sentenced For Insider Trading

    Two former executives of Sanofi-Aventis and Stryker Corp. were sentenced on Wednesday to a combination of prison time, supervised release and house arrest after pleading guilty in New Jersey federal court to using non-public information about their respective employers to fuel an insider trading network.

  • April 16, 2014

    Arnold & Porter Adds National Security Pro From DOJ

    Arnold & Porter LLP said on Wednesday that it had hired a high-ranking U.S. Department of Justice staffer as a partner in the firm's white collar defense and national security practices.

  • April 16, 2014

    Ex-Gore Engineer Arrested Over Trade Secret Theft

    A former W.L. Gore & Associates Inc. engineer facing accusations that he stole trade secrets from the high-tech fabric company was ordered to home confinement on Monday following his arrest while allegedly attempting to flee the country, according to documents filed in Delaware district court.

  • April 16, 2014

    Ex-Bridgestone Exec To Serve 18 Months For Price-Fixing Plot

    A former executive with Bridgestone Corp. will serve 18 months in prison after agreeing to plead guilty to taking part in an international conspiracy to fix prices and rig bids for anti-vibration rubber auto parts, the U.S. Department of Justice announced Wednesday.

  • April 16, 2014

    DOJ Wary Of Offering Bounties To Antitrust Whistleblowers

    Implementing a bounty program for employees blowing the whistle on criminal antitrust behavior could lead to weaker witnesses at cartel trials and to a flood of false leads, a top U.S. Department of Justice official said Wednesday.

  • April 16, 2014

    19-Year-Old Arrested Over Canadian Heartbleed Tax Breach

    Canadian authorities said Wednesday that a 19-year-old London, Ontario, resident has been charged for alleged extraction of private taxpayer information from the Canada Revenue Agency's website through the Heartbleed Bug.

  • April 16, 2014

    UK Court Rejects Madoff Feeder Fund's Clawback Suit

    A U.K. appeals court decided Wednesday that Fairfield Sentry Ltd., which fed billions of investor dollars into Bernard Madoff's notorious Ponzi scheme, couldn't recover payments made to investors who redeemed their shares before the scheme collapsed because certificates documenting the transactions were binding.

  • April 16, 2014

    Lucchese Associate Asks For Mistrial Due To Court Ejection

    A reputed Lucchese crime syndicate associate on Monday sought a mistrial in his prosecution for allegedly draining $12 million from a mortgage lender and forcing its bankruptcy, claiming a New Jersey federal judge infringed his rights and tainted the jury by ejecting him from court.

  • April 16, 2014

    CFTC Demands $645M Penalty For Peregrine Fraud

    The U.S. Commodity Futures Trading Commission asked an Illinois federal court on Wednesday to hit bankrupt Peregrine Financial Group Inc. with a monetary penalty of $645 million, nearly three times the amount of total investor losses from the brokerage firm’s nearly 20-year fraud and embezzlement scheme. 

  • April 16, 2014

    BNY Mellon Escapes Madoff Feeder Fund Class Action

    A New York state judge dismissed a class action against BNY Mellon on Tuesday, saying the plaintiffs had failed to prove the investment bank showed gross negligence in ignoring key warning signs in Bernard Madoff's notorious $65 billion Ponzi scheme that caused investors massive losses.

  • April 16, 2014

    Ex-Rothstein CFO Charged With Aiding $1.2B Ponzi Scheme

    The former chief financial officer of convicted Ponzi schemer Scott Rothstein's law firm, Rothstein Rosenfeldt Adler PA, was charged in Florida federal court Wednesday with knowingly diverting investor money in support of the $1.2 billion scheme and floating checks to make the firm's finances seem legitimate.

  • April 15, 2014

    The Great Persuader: 7th Circ. Chief Judge Diane Wood

    Seventh Circuit Chief Judge Diane Wood talks to Law360 about managing a court in crisis, surviving two U.S. Supreme Court near-misses, and tailoring crafty dissenting opinions that can change the mind of even the staunchest of ideological opponents.

  • April 15, 2014

    2 Men Plead Guilty To Roles In Android App Piracy Schemes

    Two piracy group members admitted their roles in separate schemes to distribute copyrighted Android programs in Georgia federal court this week, the latest conviction in the government's ongoing mobile app piracy crackdown, according to authorities.

  • April 15, 2014

    2 Texas Men Ordered To Repay $132M For Tax Fraud Scheme

    A Texas federal judge on Tuesday sentenced the architects of what’s being called the single largest criminal tax case in San Antonio history to 12- and 11-year terms in prison and ordered them responsible for $132 million in restitution, according to the U.S. Department of Justice.

  • April 15, 2014

    11th Circ. Affirms Tax Fraudster's Tainted Guilty Plea

    The Eleventh Circuit on Tuesday affirmed the conviction of a Georgia man who had pled guilty to tax fraud, finding that he had not shown that a magistrate judge's comments had pressured him to take the government's plea offer.

  • April 15, 2014

    6th Circ. Upholds Oil Brothers' Convictions In $13.4M Scam

    A Sixth Circuit panel on Tuesday upheld the convictions of two brothers sentenced to long prison terms for running an oil and gas exploration scheme that authorities say bilked investors out of some $13.4 million.

  • April 15, 2014

    NJ To Pay 5 Firms For Repping Staffers In Bridgegate Probe

    The state of New Jersey will fund the legal costs of at least five law firms representing current and former state employees over September's politically charged closure of George Washington Bridge access lanes, the Attorney General's Office said Monday.

  • April 15, 2014

    Bridgestone Execs Indicted In Auto Parts Price-Fixing Probe

    An Ohio federal grand jury indicted two former executives and one current executive at Bridgestone Corp. for their roles in a price-fixing scheme on anti-vibration rubber parts for U.S. cars, federal prosecutors said Tuesday.

  • April 15, 2014

    Chadbourne Ruling Lets Madoff Investors Add State Claims

    A group of investors burned by Bernard Madoff’s Ponzi scheme were given a green light Monday to add state-law claims to their class action in New York federal court, marking one of the first applications of a recent U.S. Supreme Court decision that clarified when such suits aren't barred under the Securities Litigation Uniform Standards Act.

  • April 15, 2014

    Dewey Prosecutor Tapped To Head Manhattan DA's Tax Unit

    The attorney heading the criminal prosecutions of three former Dewey & LeBoeuf LLP executives has been tapped to helm the Tax Crimes Unit of the Manhattan District Attorney's office, Manhattan DA Cyrus R. Vance Jr. said Tuesday.

Expert Analysis

  • What Will Gov't Seek To Prove In Rajaratnam Brother Case?

    Michele Adelman

    More courts than not have found that the government bears the burden of proving that a remote tippee knew that the tipper received some form of personal benefit, so the inevitable question is whether the government will reverse course and seek to prove that Rajarengan Rajaratnam knew that his brother Raj's tippers received a personal benefit, rather than running the risk of having a reversal of any conviction of Rajarengan, says Michele Adelman of Foley Hoag LLP.

  • Beware 'Jewel' Risks In Lateral Partner Hiring

    Pamela Phillips

    Jewel litigation has been filed after every major law firm bankruptcy in the past 10 years, including Lyon & Lyon, Brobeck, Coudert, Thelen, Heller and Howrey. These lawsuits have produced years of litigation, with similar suits expected in the Dewey bankruptcy. Despite the legal uncertainties surrounding such claims, hiring firms can take steps now to minimize their Jewel risk for any lateral hire, say attorneys with Arnold & Porter LLP.

  • Medicare Data Release May Spur Health Care Investigations

    Eric D. Fader

    Some industry observers have speculated that the Centers for Medicare and Medicaid Services' recent release of data on Medicare reimbursement payments to health care providers will result in an increase in whistleblower claims under the False Claims Act. While that remains to be seen, "outlier" providers identified in the data may be wise to prepare for some unwanted attention, say Eric Fader and Elizabeth Kim of Day Pitney LLP.

  • Reading Between The Whistleblower Headlines

    Shanti Atkins

    The meteoric media rise of the “celebrity” whistleblower has shone a spotlight on the practice, with personalities such as Chelsea Manning and Edward Snowden dividing public opinion on the ethics of spilling secrets. But organizations should pay close attention to the surge in this trend beyond the headlines. Remember, whistleblowers don’t need to be popular to be effective, and opinions on their motives and morality are entirely secondary to the critical issues they potentially uncover, says Shanti Atkins of Navex Global.

  • 7th Circ. Ruling May Restrict Int'l Cartel Enforcement

    Alex Bourelly

    What’s next for international cartel cases based on arguments for potential applications of the Foreign Trade Antitrust Improvements Act? Judge Richard Posner and the Seventh Circuit recently gave one answer to that question, and it’s good news for many criminal defendants and potential targets of investigations, say Alex Bourelly and Noah Mink of Baker Botts LLP.

  • Heartbleed Rains On The Legal Cloud Parade

    David Houlihan

    While the actual breaches are unknown, Heartbleed has the potential to expose all of a lawyer's files stored or transmitted online. The bug raises professional responsibility questions and offers confirmation of the greatest anxieties that the legal industry has about online practice. In fact, the timing is poor for many legal tech providers, following a general industry warming to cloud offerings, says David Houlihan of Blue Hill Research Inc.

  • EU Sanctions May Criminalize Some US Business Activity

    Peter McMaster

    Given the extra-territorial character of the European Union's new financial sanctions against targeted Russians and Ukrainians, a person can aid and abet the commission of an offense by taking steps whose only effect is to facilitate a transaction. This places law firms, investment businesses and others engaged in international transactions at risk of accessory liability through their everyday work, says Peter McMaster of Appleby Global Group Services Ltd.

  • What 1st Antitrust Extradition Means For Auto Parts Case

    Jennifer Driscoll-Chippendale

    The U.S. Department of Justice's Antitrust Division recently announced a milestone victory, having successfully litigated its first extradition for an alleged antitrust violation. As the DOJ continues its largest-ever criminal investigation of the auto parts industry, this case involving an Italian national and former Parker ITS SRL executive serves as a cautionary tale in several respects, says Jennifer Driscoll-Chippendale of Sheppard Mullin Richter & Hampton LLP.

  • FCA Public Disclosure Case May Help Health Industry

    Norman G. Tabler Jr.

    The lesson of Stratienko v. Chattanooga-Hamilton County Hospital Authority may be that public disclosure is like toothpaste — once it’s out of the tube, it’s out. Fraudulent acts that have been disclosed can’t be undisclosed by recharacterizing them with a different label, says Norman Tabler of Faegre Baker Daniels LLP.

  • Keep Your Audience From Checking Email: 5 Legal Talk Tips

    Michael H. Rubin

    Why do the majority of speakers get polite claps at the end of their talks while a few select others receive rousing applause? Having given more than 375 presentations to legal groups, bar associations, Fortune 500 companies and corporate gatherings, I’ve learned a few things about what not to do. Remember, great speakers don’t tell “war stories.” They don’t even give examples from their own practice, says Michael Rubin of McGlinchey Stafford PLLC.