White Collar

  • August 23, 2016

    SEC Settles With 7 In Super Bowl Laser Stock Scam

    The U.S. Securities and Exchange Commission agreed to industry bans for seven men who had pled guilty in Florida for participating in a widespread scheme to dupe investors into believing the National Football League intended to use revolutionary laser technology during the Super Bowl.

  • August 23, 2016

    Tutoring Co. Owners Admit Roles In $33M School Fraud

    A father and son who ran two Chicago-area tutoring companies pled guilty on Tuesday to orchestrating a scheme that prosecutors said defrauded more than 200 school districts around the country out of $33 million in federal funding.

  • August 23, 2016

    Ex-Chicago Official Seeks Lighter Sentence For Bribery

    A former Chicago city official told a federal judge on Monday that 10 years is too long a sentence for his part in a bribery scheme over a red-light camera contract, saying the government's decadelong sentencing recommendation is based on wrong information.

  • August 23, 2016

    Texas Atty Wants His Own Trial In $8.8M Law Firm Fraud Suit

    A Texas attorney indicted for allegedly tricking law firms into paying $8.8 million in fake settlements asked a Florida federal judge Monday to be tried separately from accused co-conspirators, saying he could be prejudiced by the introduction of evidence of others’ confessions or prior bad acts.

  • August 23, 2016

    11th Circ. Won't Rehear Menendez Pal's Medicare Billing Suit

    The Eleventh Circuit has declined to reconsider its decision affirming that a Florida ophthalmology clinic connected to criminal charges against U.S. Sen. Robert Menendez, D-N.J., overbilled Medicare by nearly $9 million by extracting multiple doses of the macular degeneration drug Lucentis from a single-dose vial of medication.

  • August 23, 2016

    5th Circ. Won't Order $6M Ponzi Clawback From Golf Channel

    The Fifth Circuit on Tuesday declined to overturn a lower court’s finding that refused to allow a clawback of $5.9 million paid to the Golf Channel Inc. from now-convicted Ponzi schemer Robert Allen Stanford's businesses, after receiving guidance from the Supreme Court of Texas.

  • August 23, 2016

    Calif. Atty Gets 4 Years For $3M Ticket Broker Stock Fraud

    A Massachusetts federal judge has sentenced a California attorney to four years in prison for securities fraud after he was convicted of taking part in a $3 million stock pump-and-dump scheme tied to a struggling sports ticket broker, prosecutors said Tuesday.

  • August 23, 2016

    Ex-Contractor Officials Get 13 To 18 Months For Gunrunning

    Four ex-employees of defense contractor Sabre Defence Industries LLC were sentenced Friday to between 13 and 18 months in prison for their role in a scheme to smuggle gun parts into England, the U.S. Attorney’s Office for the Middle District of Tennessee said Monday.

  • August 23, 2016

    Carter Ledyard Atty Spars With NYC At 2nd Circ. Over Arrest

    The Second Circuit grappled Tuesday with attorney Stephen L. Kass' wrongful-arrest suit against New York City, with two judges seeking a clear reason why cops should not have had discretion to arrest the Carter Ledyard & Milburn LLP counsel after his repeated refusals to quit a sidewalk in front of a 2013 anti-Wall Street protest.

  • August 23, 2016

    Kuwait Food Co. Wants Out Of FCA Suit Over Army Rations

    A Kuwaiti food supplier has urged a Georgia federal court to cut it loose from a whistleblower’s False Claims Act suit alleging it conspired to inflate prices of U.S. Army troop rations in the Middle East, saying the claims simply rehash those made by the government.

  • August 23, 2016

    Blagojevich To Appeal Reinstated 14-Year Prison Sentence

    Former Illinois Democratic Gov. Rod Blagojevich will appeal a federal judge’s reinstatement of his 14-year prison sentence, according to a notice filed with the court on Tuesday.

  • August 23, 2016

    CME Group Suspends Trader For Spoofing Gold, Gas Futures

    CME Group Inc. has banned a trader from its exchanges after finding he attempted to influence gold and natural gas futures through the market manipulation scheme known as “spoofing,” the Chicago commodities exchange operator said Monday.

  • August 22, 2016

    Judge Explains Rulings In Acclarent Criminal Cases

    A Massachusetts federal judge released a memorandum Monday explaining her previous oral rulings in a criminal case against two medical device executives that ended in misdemeanor misbranding and adulteration convictions, offering a record of her reasoning as the executives prepare their appeals.

  • August 22, 2016

    Fraudster Who Hid Tablet At Pillsbury Can't Dodge SEC Ban

    An ex-hedge fund manager who once hid a contraband computer in a ceiling at Pillsbury Winthrop Shaw Pittman LLP can’t overturn his lifetime ban from the securities industry over “manifest error” because there was none, a U.S. Securities and Exchange Commission judge ruled Monday.

  • August 22, 2016

    Ex-Rite Aid GC's Fraud Case Fee Bid Tossed By Del. Court

    A once-jailed general counsel to Rite Aid Corp. on Monday lost his bid for the company to cover millions in attorneys' fees and expenses associated with his conviction in an accounting fraud scandal, after a Delaware vice chancellor ruled that time for the demand ran out in early 2014.

  • August 22, 2016

    Investor Agrees To Drop FedEx Drug Shipping Derivative Suit

    A FedEx Corp. investor has agreed to drop a shareholder derivative suit filed against the FedEx CEO and board that claimed the company knowingly shipped illegal drugs from online pharmacies, in the wake of the collapse of the related criminal case.

  • August 22, 2016

    Galanis Brother Cops To $20M Pump-And-Dump Fraud

    An attorney on Monday became the latest member of his family to cop to his role in $20 million pump-and-dump securities fraud scheme, which used the stock of a now-bankrupt NYSE-traded investment firm.

  • August 22, 2016

    3 Capacitor Cos. To Plead Guilty In Price-Fixing Case

    Three manufacturers of electrolytic capacitors agreed to plead guilty to their roles in a price-fixing conspiracy over capacitors sold in the U.S. and elsewhere, the U.S. Department of Justice said Monday.

  • August 22, 2016

    'Convincing Mosaic' Not A Legal Requirement, 7th Circ. Says

    The Seventh Circuit ruled Friday that the so-called convincing mosaic standard under which courts combine different types of evidence in employment discrimination cases is not a legal test, saying any district court that implements it as a legal requirement going forward is subject to reversal. 

  • August 22, 2016

    Ex-Navy Worker, Contractor Plead To Kickback Scheme

    A U.S. Navy employee in charge of awarding construction contracts and the head of a fencing company he hired to do work on military bases have pled guilty to charges they defrauded the Navy, admitting the contractor paid kickbacks in return for work, the U.S. Department of Justice said Friday.

Expert Analysis

  • Export Penalty Guidance: A View From The Inside

    Kim Carlson

    On July 22, a final rule on export penalty guidance from the Bureau of Industry and Security became effective. Kim Carlson of Gardere Wynne Sewell LLP sat down to discuss the implications with Troy Shaffer, a senior global trade adviser with the firm’s international trade group and retired special agent of the BIS Office of Export Enforcement.

  • From BigLaw To Your Own Firm: 4 Tips For Legal Startups

    Russell Shinsky

    Highly successful attorneys who are thinking about leaving the safe haven of a large law firm to go out on their own face a number of issues specific to the legal profession. Russell Shinsky, chairman of Anchin Block & Anchin LLP's law firms industry group, shares four pillars of a successful startup law firm.

  • 4 Communications Fundamentals For High-Stakes Litigation

    Michael J. Gross

    The court of public opinion can mete out judgments as harsh as those rendered by a court of law, which is why communications professionals and attorneys should be working together to protect their clients’ reputation and advance their legal objectives as litigation proceeds, as well as when decisions or settlements are reached, say Michael Gross and Walter Montgomery at Finsbury.

  • 9th Circ. Ruling Strikes Blow Against Feds In War On Pot

    Michael Chernis

    Although the Ninth Circuit's ruling in United States v. McIntosh affirms that the federal government can no longer prosecute medical marijuana suppliers and other individuals who are in full compliance with state medical marijuana laws, it leaves some areas where the feds can still take action against marijuana businesses, says Michael Chernis at Chernis Law Group PC.

  • The Lambis Case And The Future Of 'Stingray' Evidence

    Abraham J. Rein

    The decision in U.S. v. Lambis is part of a larger story of mounting attempts to constrain the government’s use of "stingrays," a technology whose use by law enforcement was largely unknown to the public as recently as 2011, says Abraham Rein, an associate with Post & Schell PC who was part of the team that won the Facebook speech case, U.S. v. Elonis, before the U.S. Supreme Court.

  • CFAA Clarity From 9th Circ. Password-Sharing Decisions

    Hanley Chew

    Coming less than two weeks apart in July, the Ninth Circuit's decisions in U.S. v. David Nosal and Facebook v. Power Ventures provide some guidance — at least in the Ninth Circuit — concerning when password-sharing is permissible under the Computer Fraud and Abuse Act, say Hanley Chew and Sebastian Kaplan of Fenwick & West LLP.

  • Risk Management Tips For Attys Serving As Local Counsel

    Patrick S. (Sean) Ginty

    Often, the lead counsel in a case maintains sole contact with the client and makes substantive decisions, relying upon the local counsel only to serve in the requisite capacity to satisfy jurisdictional procedures. Therein lies the problem — absent appropriate precautionary measures, the local attorney faces equal malpractice exposure for the substantive, strategic decisions of the lead counsel, say Patrick (Sean) Ginty of CNA Glob... (continued)

  • The Tax Deductibility Of Fines And Penalties

    Todd B. Reinstein

    As a result of recent guidance from the IRS and the Federal Circuit, taxpayers examining the proper tax treatment of a fine paid to any agency or self-regulatory organization need to carefully study whether that entity would be considered an agency or instrumentality of the government, say Todd Reinstein and Lisa Petkun of Pepper Hamilton LLP.

  • Beware The 'Standard' Mediation Confidentiality Agreement

    Jeff Kichaven

    There are several risks involved with signing a "standard" mediation confidentiality agreement, both to your clients and to yourself. Once you recognize these risks, you will never sign a standard MCA again, at least not without a lot of thought and a lot of disclosures to your client, says Jeff Kichaven of Jeff Kichaven Commercial Mediation.

  • 5 Mistakes To Avoid When Building Law Libraries

    Fahad Zaidi.jpg

    As advances in technology continue to push law libraries in a more complex direction, many law firms are still making structural mistakes. Fahad Zaidi, senior consultant at HBR Consulting, notes five common pitfalls that law firms should be wary of when developing their libraries.