White Collar

  • July 27, 2014

    House Panel Won't Budge In Face Of SEC Subpoena

    A U.S. House of Representatives committee in New York federal court Friday stood its ground against a U.S. Securities and Exchange Commission subpoena for documents in connection with a health care insider trading probe, calling it a "fool's errand" with no legal backing.

  • July 25, 2014

    Ex-Ford Engineer Investigated For Recording Devices At HQ

    A mechanical engineer recently fired by Ford Motor Co. is reportedly at the center of a federal investigation for allegedly planting listening devices around the company's headquarters to monitor meetings, raising concerns the devices had been planted to steal trade secrets.

  • July 25, 2014

    Feds Level RICO Charges Against Calif. Sen. Yee

    Federal prosecutors tacked on heavier charges to California state Senator Leland Yee’s indictment Friday, adding violations of the Racketeering Influenced and Corrupt Organizations Act to accusations that Yee engaged in corrupt schemes with alleged Chinatown gangster Raymond “Shrimp Boy” Chow, according to court records.

  • July 25, 2014

    Ex-NJ Water Official Cops To Hiding Contamination

    A former high-ranking official with a New Jersey water agency pled guilty on Friday to participating in a scheme to rig water quality tests and hide contamination by a probable carcinogen, Acting Attorney General John Hoffman said.

  • July 25, 2014

    Spanier Can't Sue Pa. AG, Says Federal Judge

    A Pennsylvania federal judge on Friday tossed former Pennsylvania State University President Graham Spanier's suit against the state attorney general that aimed to halt the state's prosecution in the Penn State cover up, saying his allegations that prosecutors acted in bad faith do not warrant federal intervention.

  • July 25, 2014

    Law360's Guide To Surviving An SEC Investigation

    For many companies, confronting an investigation by the U.S. Securities and Exchange Commission is a lot like confronting a commercial lawsuit — both cost money, suck up valuable resources and threaten reputational damage. But, as a panel of Law360 experts advise, dealing with the government like you would a corporate adversary might land you in even bigger trouble.

  • July 25, 2014

    Stock Trader Gets 1.5 Years For Microsoft Inside Trades

    A Seattle stock trader who pled guilty to trading on inside information from a friend at Microsoft Corp., including news of the company’s impending 18 percent stake in Barnes & Noble Inc.'s e-reader business, was sentenced on Friday to one and a half years in prison.

  • July 25, 2014

    GSK Investigating Alleged Misconduct By Former Syria Ops

    GlaxoSmithKline PLC said Friday that it is investigating allegations of misconduct by the company's former consumer operations and related distributors in Syria, after receiving a whistleblower's email detailing the claims. 

  • July 25, 2014

    UK Man Again Charged With Hacking US Government

    An alleged British hacker has been indicted for allegedly breaking into computers and pilfering data from the FBI, U.S. Department of Energy and other agencies, federal prosecutors in Virginia said Thursday, marking the third set of related charges levied against the man in nine months.

  • July 25, 2014

    Dallas Leader Pleads Not Guilty To Bribery, Fraud Charges

    Dallas County Commissioner John Wiley Price pled not guilty Friday to federal charges that he used his office and political power to obtain more than $1 million in bribes, evaded taxes on the allegedly illicit income, and helped businesses that were paying him get valuable contracts.

  • July 25, 2014

    SEC Settles Suit Over $3.3M Stock Counterfeiting Scheme

    A Florida stock-transfer agent has settled SEC charges and pled guilty to federal criminal charges in connection with allegations he stole $3.3 million from investors by selling counterfeit stock certificates via cold calls, according to court documents.

  • July 25, 2014

    Ex-BSGR Agent Gets 2 Years For Obstructing FCPA Probe

    A former agent for mining company BSG Resources Ltd. was sentenced in New York federal court on Friday to two years in prison for obstructing a U.S. Foreign Corrupt Practices Act investigation into potential bribery in Guinea.

  • July 25, 2014

    Facebook Says SEC Won't Bring Enforcement Action Over IPO

    The U.S. Securities and Exchange Commission has dropped its probe of Facebook Inc., and will not bring an enforcement action over issues around the company’s $16 billion initial public offering, the social media giant said on Thursday in a regulatory filing.

  • July 25, 2014

    UK Fraud Office To Pay RE Mogul $5M Over Iceland Bank Sting

    The U.K.'s Serious Fraud Office has agreed to pay British real estate tycoon Vincent Tchenguiz and his businesses £3 million ($5.1 million) to settle Tchenguiz's civil damages claims over his arrest stemming from a botched 2011 investigation into the collapse of Iceland's Kaupthing Bank HF, the SFO said Friday.

  • July 25, 2014

    Issa Demands Citi, JPMorgan Settlement Files From DOJ

    Republican congressman Darrell Issa asked the U.S. Department of Justice on Thursday for internal documents on $20 billion worth of settlements with Citigroup Inc. and JPMorgan Chase & Co. in an effort to understand why the agency decided against suing the banks over their toxic mortgage-backed securities.

  • July 25, 2014

    Latvian Virus Programmer Can Be Extradited to US, Court Says

    The European Court of Human Rights on Thursday ruled that Latvian Gozi virus ringleader Deniss Čalovskis can't escape being extradited to the U.S. to face charges alleging he stole personal bank account information and infected more than 40,000 computers in the U.S., but said the Latvian courts should not have detained him while the extradition decision was pending. 

  • July 25, 2014

    NY AG Says Posh Manhattan Club Fleeced Timeshare Buyers

    A New York City judge on Thursday ordered a halt to sales of timeshare interests at the Manhattan Club, a luxury midtown hotel, amid allegations by the state attorney general that its principals defrauded purchasers who paid tens of thousands of dollars but then were denied access.

  • July 25, 2014

    Ex-BofA Employee Spared Prison In Bid-Rigging Scheme

    A former Bank of America Corp. employee who pled guilty to participating in a municipal bond bid-rigging scheme and cooperated with the government on several major Wall Street investigations was sentenced in a New York court on Friday to three years' probation.

  • July 25, 2014

    Citi's LavaFlow Pays $5M To Settle SEC Data Leak Charges

    Citigroup Inc. unit LavaFlow Inc., a leading alternative trading platform, agreed Friday to pay $5 million to settle U.S. Securities and Exchange Commission charges of failing to protect confidential trading data, marking the latest action regulators have taken against off-exchange trading venues.

  • July 24, 2014

    Wis. High Court Sides With Police In Cellphone Tracking Suits

    The Wisconsin Supreme Court on Thursday issued twin rulings backing police authority to track suspects through their cellphones, in one case absent a warrant, rejecting claims from two convicted murderers that the searches violated their rights under the Fourth Amendment.

Expert Analysis

  • Tips For Recovery Under Mandatory Victims Restitution Act

    Paul Monnin

    The Mandatory Victims Restitution Act is a valuable tool to recover the expenses of a costly, yet necessary, internal investigation into a former employee’s criminal wrongdoing. Anticipate and plan for a necessity showing under the MVRA as a potential criminal matter is being investigated and after government cooperation has commenced, say Paul Monnin and Zachary LeVasseur of DLA Piper LLP.

  • 3 Takeaways From BofA's $16.5M Settlement With OFAC

    Michael V. Dobson

    Bank of America’s roughly $16.5 million settlement with the Office of Foreign Assets Control for alleged violation of OFAC sanctions is a treasure trove of sanctions compliance guidance, and carries important lessons for those preparing to submit voluntary self-disclosures, says Michael Dobson Jr. of Kelley Drye & Warren LLP.

  • 6 Years In, Why Haven't FRE 502(d) Orders Caught On?

    John A. Rosans

    In this e-discovery era, why aren't more litigants using Federal Rule of Evidence 502(d) orders and affording themselves basic protection of their most sensitive information? Or, if they are moving for such orders, why are they doing it wrong? asks John Rosans of Katten Muchin Rosenman LLP.

  • Rakoff's Foreign Fund Clawback Ruling Has Limitations

    Raniero D’Aversa

    Judge Jed Rakoff’s recent ruling in the case of Madoff Securities gives comfort to foreign investors that the proceeds of their indirect investments in U.S. companies will not likely be clawed back, but it does not come without certain warnings and limitations — especially considering a contradictory Ninth Circuit ruling issued a mere three days prior to Rakoff’s decision, say attorneys with Orrick Herrington & Sutcliffe LLP.

  • Government Seeks To Outsource Criminal Enforcement

    Nathan Hochman

    The prosecution of FedEx Corp. for allegedly failing to heed signs that illegal Internet pharmacies were using its facilities represents a significant expansion of the U.S. Department of Justice’s efforts to outsource law enforcement to private third parties and then go after these third parties when they fail to meet an undefined standard of compliance, rather than focus on the criminals, say attorneys with Bingham McCutchen LLP.

  • Trial-Ready In 180 Days: Prepare For SDNY's Rocket Docket

    Isaac S. Greaney

    A growing trend in the Southern District of New York akin to a sua sponte rocket docket can provide defendants with an opportunity to set the tone of discovery and shift the burden and risks of the schedule to their adversaries, say Isaac Greaney and Jackie Lu of Sidley Austin LLP.

  • When You Are Responsible For Your Book Of Business

    Jennifer Topper

    Finding prospective clients and retaining them has little to do with your legal training and expertise, and yet you have no practice without successful client acquisition and retention. There is no reason you cannot apply your basic legal training to successful sales efforts hinging upon your practice strength and experience, says independent law firm consultant Jennifer Topper.

  • An Inventive Way To Remove Pure State Court Claims

    Michael E. Blumenfeld

    Nondiverse state court defendants facing purely state law claims that seek to secure federal jurisdiction should determine whether a good faith basis exists to pursue a third-party action against a federal actor in order to trigger the representative U.S. Attorney’s certification and remove such claims under the Westfall Act, say Michael Blumenfeld and Jonathan Singer of Miles & Stockbridge PC.

  • Beyond Citigroup: A Look At Corporate Settlements

    Kirsten Mayer

    A decision in Better Markets Inc. v. United States Department of Justice may provide more clarity on the scope of Executive Branch discretion in resolving corporate cases and whether there is any role for “public interest” litigation in such matters, say attorneys with Ropes & Gray LLP.

  • Powerful Tools For Discovery And Litigation Strategy

    Nathalie Hofman

    Analytics offer opportunities for refining both discovery strategy and overall litigation strategy by providing information to support better informed decisions. As an added bonus, they can result in significant cost savings, say Nathalie Hofman and Carolyn Southerland of Huron Consulting Group Inc.