White Collar

  • January 30, 2015

    Fla. Logistics Firm Accuses Felon Arms Dealer Of Shakedown

    Florida logistics company J-Six Inc. has filed suit in Florida state court accusing a former arms dealer who served about five years in federal prison and his company of trying to usurp control as part of an “attempted shakedown.”

  • January 30, 2015

    LA Hotels Must Be Able To Contest Searches, High Court Told

    A coalition of Los Angeles motel owners is urging the U.S. Supreme Court to uphold a Ninth Circuit ruling striking down a city law allowing warrantless searches of hotel registries, arguing that the Fourth Amendment requires an opportunity for judicial review before the government can conduct such searches.

  • January 30, 2015

    Boss Of Largest Ponzi Scheme In Conn. History Gets 13 Years

    Former hedge fund manager Francisco Illarramendi was handed a 13-year prison sentence Thursday after pleading guilty to charges that he orchestrated a $723 million Ponzi scheme, the largest in Connecticut history, according to prosecutors.

  • January 30, 2015

    Pa. Treasurer Admits To Strong-Arming Potential Donors

    Pennsylvania State Treasurer Rob McCord released a video Friday admitting he verbally threatened two potential gubernatorial campaign donors and implying he'll plead guilty to the related charges that are expected to come down, one day after announcing his resignation amid rumors of a federal investigation. 

  • January 30, 2015

    NY Senator Bets On Casino Licensees' Success In Court

    New York state Sen. John J. Bonacic told a room of lawyers on Friday that he believes the state's casino license winners will survive litigation attempts to block the projects and that with Albany reeling from Assembly Speaker Sheldon Silver's indictment, lawmakers’ outside employment should be banned to avoid corruption temptation.

  • January 30, 2015

    Settlements In NJ Lien Bid-Rigging Class Action Top $8M

    The settlement fund in a consolidated class action brought by property owners alleging a wide-ranging conspiracy to rig auctions of municipal tax liens in New Jersey climbed over $8 million Thursday, after a federal judge gave preliminary approval to settlement deals with three investors and a Florida tax company.

  • January 30, 2015

    Revolving-Door Roundup: Grant & Eisenhofer, Quinn, Boies

    After a sluggish December, the door between the public and private sectors started spinning again in earnest in January, highlighted by former Delaware Attorney General Beau Biden's move to Grant & Eisenhofer PA and Boies Schiller & Flexner LLP's marquee hiring of three assistant U.S. attorneys from the Southern District of New York.

  • January 30, 2015

    Developer Charged In Multimillion-Dollar Fraud Found Dead

    The federal bank fraud case against Michael A. Zimmerman was canceled Friday after the noted Dover, Delaware, developer who was accused of misusing millions of dollars in Wilmington Trust Co. loans was found dead. 

  • January 30, 2015

    K-Line Exec Gets 18 Months In Ocean Shipping Antitrust Case

    An executive of Japanese shipper Kawasaki Kisen Kaisha Ltd., known as K-Line, was sentenced Friday to 18 months in prison for conspiring to fix prices on ocean shipping services, making him the first individual punished as part of the U.S. Department of Justice probe.

  • January 30, 2015

    Ex-Texas Gov. Perry Tries Again To Nix Criminal Charges

    Former Texas Gov. Rick Perry has once again asked a state court to dismiss an indictment charging him with abusing his authority, saying Friday that each of the two counts against him are too vague and fail to allege a criminal offense.

  • January 30, 2015

    Ex-Sentinel CEO Gets 14 Years For $665M Fraud

    Eric A. Bloom, the former Sentinel Management Group Inc. CEO convicted last year of running a colossal fraud that bankrupted the investment firm and bilked its customers out of $665 million, was sentenced to 14 years in prison Friday by an Illinois federal judge.

  • January 30, 2015

    Georgia Real Estate Investors Cop To Rigging Auction Bids

    Two real estate investors in Georgia have pled guilty for conspiring to rig bids for properties sold at public real estate foreclosure auctions in the state, the U.S. Department of Justice announced Thursday.

  • January 30, 2015

    'Whac-A-Mole' Health Fraud Plagues Fla., US Atty Says

    South Florida prosecutors are using a landmark Medicare moratorium to pound away at fraud by home health care providers, but pharmacy ripoffs are popping up to replace those schemes, the region’s U.S. attorney told Law360 in an interview.

  • January 30, 2015

    9th Circ. Won't Rehear AUO's $500M LCD Antitrust Appeal

    The Ninth Circuit on Friday declined to rehear AU Optronics Corp.’s appeal of a $500 million price-fixing fine levied against the liquid crystal display producer, rejecting the LCD maker’s challenge in an antitrust suit that also earned prison sentences for two former top executives.

  • January 30, 2015

    Ex-Rothstein Atty Gets 18 Mos. For Role In $1B Ponzi Scheme

    Former Rothstein Rosenfeldt Adler PA attorney David Boden on Friday was sentenced to 18 months in prison after pleading guilty to wire fraud in connection with Scott Rothstein's $1.2 billion Ponzi scheme.

  • January 30, 2015

    Liberty Reserve Tech Whiz Gets 3-Year Prison Sentence

    Liberty Reserve tech worker Maxim Chukharev received a three-year prison sentence Friday for his role in aiding the unlicensed money-transmitting business that assisted Ponzi schemers and other criminals, but received no probation, restitution or fine and will be able to return to his family home in Costa Rica upon leaving federal custody.

  • January 30, 2015

    Calif. Judges Can Hear Some Cases They Worked On As ADAs

    California judges are not disqualified from presiding over cases in which they once appeared as deputy district attorneys, as long as the appearance was for a nonsubstantive matter such as an uncontested motion or scheduling conference, the state high court’s ethics committee declared in a formal opinion Thursday.

  • January 29, 2015

    Pa. Treasurer Resigns Amid Possible Fed. Campaign Probe

    Pennsylvania state Treasurer Rob McCord announced Thursday he would resign from his post and return to the private sector, while a report published the same day suggested that federal authorities may be investigating his campaign-related actions.

  • January 29, 2015

    GE Capital Urges Consolidation Of Suits Over Petters' Scheme

    General Electric Capital Corp. on Thursday asked the U.S. Judicial Panel on Multidistrict Litigation to combine four lawsuits accusing the company of participating in the $3.6 billion Ponzi scheme orchestrated by Tom Petters.

  • January 29, 2015

    Frustrated Judge Rakoff Quits DOJ Forensic Science Panel

    U.S. District Judge Jed Rakoff on Wednesday resigned from a federal commission charged with determining standards for forensic science in the courtroom after the Department of Justice blocked the committee from considering the subject of pretrial forensic discovery.

Expert Analysis

  • The 1st FCPA Case Of 2015

    Paul Friedman

    The former owner and president of Chestnut Consulting Group Inc. was recently charged with violating the Foreign Corrupt Practices Act and Travel Act and participating in a scheme to launder the proceeds of those crimes. This case continues the enforcement trend against individuals and involves the rarely used “public international organization” element of the FCPA’s “foreign official” definition, say attorneys with Morrison & Foerster LLP.

  • The Day Government Contractor Compliance Changed

    Markus Funk

    It is no overstatement that the Federal Acquisition Regulation provisions on human trafficking that were published on Thursday will have an immediate and significant impact on the 300,000 or so prime contractors, as well as the quite literally countless subcontractors and lower-tier subcontractors, for the world’s largest consumer of goods and services — the U.S. government, say attorneys with Perkins Coie LLP.

  • Key Questions When Selecting E-Discovery Vendors

    David Houlihan

    While e-discovery remains a critical pain point in litigation, the "solutions" supporting its processes continue to evolve. In order to help organizations navigate the sea of options, we conducted research with 21 organizations across e-discovery market segments to understand the factors involved in successful e-discovery investments, says David Houlihan of Blue Hill Research Inc.

  • A 1st Look At Potential Reach Of 2nd Circ. Newman Decision

    Harry Sandick

    A New York federal judge recently vacated previously accepted guilty pleas in U.S. v. Conradt, an insider trading prosecution brought under the “misappropriation” theory. There is now an increased likelihood that the Second Circuit’s decision in U.S. v. Newman will be read by other judges to apply to cases brought under both the classical and misappropriation theories, say attorneys with Patterson Belknap Webb & Tyler LLP.

  • Invoice Intercepted: A New Form Of Wire Fraud

    Jeffrey Rosenfeld

    A new scam has arisen in a sordid line of wire fraud scams. What makes this email scheme particularly pernicious is that the victims often do not realize they have been scammed out of thousands of dollars until days, if not weeks, after the scam has occurred, after they have lost their money, and after the perpetrator is long gone, says Jeffrey Rosenfeld of Kronenberger Rosenfeld LLP.

  • DOJ Can And Will Seize Proceeds Of Foreign Corruption

    Kathleen Hamann

    The U.S. Department of Justice's recent civil action against Honduran government official Mario Roberto Zelaya Rojas serves as a reminder to corporations and individuals abroad how easily even wholly foreign criminal conduct may come within the reach of U.S. law enforcement authorities, say Kathleen Hamann and David Courchaine of White & Case LLP.

  • Once More Unto The Breach — Rehearing In Newman?

    Eugene Ingoglia

    On Friday, the U.S. Attorney’s Office for the Southern District of New York decided to seek appellate review of several aspects of the recent insider-trading decision in U.S. v. Newman and Chiasson. En banc rehearing petitions are rarely granted in any circuit, and are particularly rare in the Second Circuit, which hears the fewest number of rehearings of any circuit in the country, say Eugene Ingoglia and Gregory Morvillo of Morvillo LLP.

  • Prepare Now For New Anti-Corruption Program Expectations

    Rex Homme

    The scrutiny surrounding Foreign Corrupt Practices Act compliance is about to become even sharper with a recent report that the FBI will triple the number of agents dedicated to investigating potential violations. The increased manpower, coupled with the U.S. Securities and Exchange Commission’s continued investment in data analytics tools, sends a strong message, say members of StoneTurn Group LLP.

  • A Data Security Checklist For Companies Hiring Law Firms

    Jenn Topper

    We trust our law firms with huge amounts of data, whether in or out of discovery, investigations or litigation. All too often, we have relied on privilege, confidentiality and attorney ethics as a proxy for data protection and information security. But in fact, law firms ought to be held to a much more stringent standard — and in-house counsel would be wise to begin with a number of specific inquiries, says legal industry consultan... (continued)

  • Top 10 Trade Secrets Developments Of 2014: Part 2

    Randy Kahnke

    While the world of patentable subject matter shrinks, the world of trade secret protection may be expanding, say attorneys with Faegre Baker Daniels LLP.