White Collar

  • March 31, 2015

    Meggitt Sanctions Bid In IP Row A Diversion: Ex-Engineer

    An ex-Meggitt Inc. engineer accused of stealing trade secrets blasted the British aerospace and defense engineering company on Monday for asking a California federal judge to issue a final judgment against him because of purported discovery violations, arguing the company has substituted sanctions for arguing the facts.

  • March 31, 2015

    Software Developer Denies Kickbacks To Ex-NJ Party Boss

    A software developer testified Tuesday in the racketeering trial of former New Jersey Democratic power broker Joseph Ferriero that he didn't think he was arranging to pay kickbacks to the politically connected attorney for his assistance in securing municipal business.

  • March 31, 2015

    Nautilus Off The Hook For Pastor Sex Abuse Suit

    An Arkansas federal judge on Tuesday freed Nautilus Insurance Co. from covering a sex abuse suit against convicted pastor Tony Alamo or separate suits over the alleged beatings of church members and the purported desecration of Alamo's wife's corpse.

  • March 31, 2015

    Pa. Justices Back Prosecutor Tapped To Probe AG Over Leak

    A divided Pennsylvania Supreme Court on Tuesday shot down a petition from Attorney General Kathleen Kane challenging a county judge’s appointment of a special prosecutor to investigate allegations that she leaked confidential information to the media.

  • March 31, 2015

    Wal-Mart Escapes Investor Suit Over Mexican Bribery Claims

    An Arkansas federal judge on Tuesday dismissed a consolidated shareholder derivative suit accusing Wal-Mart Stores Inc.'s board of concealing Mexican bribery claims from investors, ruling the plaintiffs failed to show the board knew about the supposed bribery or alleged efforts to torpedo a thorough investigation.

  • March 31, 2015

    9th Circ. OKs Deportation Over Calif. Domestic Violence

    The Ninth Circuit ruled Tuesday that when a Mexican citizen living permanently in the U.S. was convicted of domestic violence under California law, he was convicted of a crime that rendered him deportable under federal laws governing deportation for domestic violence crimes.

  • March 31, 2015

    Acquitted Fla. Mayor Wins Legal Battle To Resume Office

    A Florida judge ruled Tuesday that Miami Lakes, Florida, Mayor Michael A. Pizzi Jr., whose suspension was lifted after he was acquitted of federal bribery and extortion charges but was then blocked by the town from assuming his elected position, should be restored to office with back pay and benefits.

  • March 31, 2015

    Judge Won't Toss NJ Tax Lien Bid-Rigging Case Over Delays

    A New Jersey federal judge on Tuesday refused to toss an indictment against an investor who allegedly conspired to manipulate the bidding process for tax lien auctions in state municipalities, despite his claims that litigation delays are violating his right to a speedy trial.

  • March 31, 2015

    Fund Manager Insists He Tried To Help Rothstein Victims

    Counsel for investment manager George Levin went for short and sweet in his defense Tuesday, focusing exclusively on how Levin helped his clients after they lost money in Scott Rothstein's $1.2 billion Ponzi scheme, but the Securities and Exchange Commission said it was not much.

  • March 31, 2015

    Revolving-Door Roundup: Gibson Dunn, Sidley, WilmerHale

    In this month's roundup of attorney moves between public and private practice, we finally find out what firm landed the U.S. Department of Justice's former No. 2 official. Other highlights of this month's edition include a CFTC official who's leaving for Gibson Dunn & Crutcher LLP and a top Manhattan U.S. Attorney's Office task force chair who's finding greener pastures at WilmerHale.

  • March 31, 2015

    Private Swiss Banker Admits To Tax-Dodge Conspiracy

    Swiss citizen Peter Amrein pled guilty Tuesday in Manhattan federal court to helping U.S. taxpayers hide millions of dollars from the Internal Revenue Service while working with private clients at an unnamed bank in Switzerland.

  • March 31, 2015

    High Court Says State's Tracking Falls Within 4th Amendment

    The U.S. Supreme Court rejected North Carolina's bid to cast its ankle bracelet monitoring program outside the scope of the Fourth Amendment, ruling that, like the surveillance at issue in the high court's landmark Jones decision, the state's tracking practices constituted a search.

  • March 31, 2015

    5th Circ. OKs Health Exec’s Conviction In $100M Bribes Case

    A former health insurance executive convicted for providing kickbacks to government officials to secure roughly $100 million in contracts lost an appeal on Monday before the Fifth Circuit, which ruled his lawyer's representation of a co-defendant in the scheme did not prove a conflict of interest. 

  • March 31, 2015

    Robert Bosch To Pay $58M In Auto Parts Cartel Plea Deal

    The Department of Justice on Tuesday said auto parts supplier Robert Bosch GmbH has agreed to plead guilty and pay a $57.8 million criminal fine for conspiring to fix prices for spark plugs and other auto parts.

  • March 31, 2015

    Ex-FBI Agent Gets 10 Years For Obstructing Kickback Probe

    A former FBI agent received a 10-year prison sentence in Utah federal court Monday for using his position to obstruct a grand jury investigation of a defense contractor who was allegedly part of a $54 million kickback scheme.

  • March 31, 2015

    Freedom Industries Agrees To Elk River Spill Cleanup Plan

    Bankrupt Freedom Industries Inc. has agreed to clean up the site of the 2014 Elk River chemical spill, just days after pleading guilty in West Virginia federal court to its role in the disaster, the state Department of Environmental Protection said Tuesday.

  • March 31, 2015

    2nd Circ. Mulls Case Of Mentally Ill Forex Fraudster

    A Second Circuit panel on Tuesday scrutinized a 17½-year fraud sentence given to a former foreign exchange currency trader who suffers from mental illness, including the delusion that he is a James Bond-like hero whose mission is to collect secret U.S. government assets around the world.

  • March 31, 2015

    Willkie Slow To Produce Materials In Swipe Fee MDL: Target

    Target Corp. and other merchants objecting to multibillion-dollar MasterCard Inc. and Visa Inc. swipe fee settlements told a New York federal judge Monday that Willkie Farr & Gallagher LLP has dragged its feet in providing sensitive communications sent by an indicted former partner that they argue may undermine the deals.

  • March 31, 2015

    London Police Scour Forex Traders' Texts In Fraud Probe

    London police are searching text conversations from the cellphones of foreign exchange traders working at CWM FX as part of an ongoing fraud probe into the firm, according to a media report Monday.

  • March 31, 2015

    Feds Say Omnicare Boosts Charges Against Ex-Massey CEO

    Federal prosecutors told a West Virginia district court judge Monday that the U.S. Supreme Court’s recent Omnicare decision only strengthens their argument that former Massey Coal Co. CEO Don Blankenship should be forced to face criminal securities fraud and false statement charges at his upcoming trial.

Expert Analysis

  • How Non-US Investigations Are Breeding US Securities Suits

    Kevin M. LaCroix

    As regulators in Latin America and around the world become increasingly more active, it has become more likely that non-U.S. companies that have securities trading on U.S. exchanges become involved in a U.S. securities class action lawsuit, such as the one against Chemical & Mining Co. of Chile Inc., which is entangled in an ongoing corruption and tax evasion scandal, says Kevin LaCroix of RT ProExec.

  • Ethics In The Tech Age: What Every Lawyer Should Consider

    J.S. “Chris” Christie Jr.

    In light of recent changes to the ABA Model Rules of Professional Conduct, what are a lawyer’s ethical duties arising from new technology? And what should a lawyer know about this technology? Bradley Arant Boult Cummings LLP partner J.S. “Chris” Christie Jr. offers an in-depth assessment of what every lawyer should consider in 2015.

  • China's Plan For State-Owned Enterprises Impacts FCPA Risk

    Ryan Bonistalli

    Although the details of China’s recently announced plan to restructure and consolidate its state-owned enterprises are still unknown, the prospect of any change to China’s vast SOE network raises potentially significant considerations for legal and compliance officials dealing with the definition of “foreign official” under the Foreign Corrupt Practices Act, say Ryan Bonistalli and Alex Brackett of McGuireWoods LLP.

  • A Rising Tide Of AML Reg Actions — And What We Can Learn

    Olivia A. Radin

    As recent settlements demonstrate, regulators will focus on the nuts and bolts of Bank Secrecy Act/anti-money laundering compliance programs, including how transactions are monitored, how information is shared, and what controls are in place to detect, escalate and report suspicious activity, says Olivia Radin of Freshfields Bruckhaus Deringer.

  • The Odds Are Stacked Against Insider Trading Defendants

    Derrelle M. Janey

    Experienced counsel complained that the use of administrative hearings for complex fraud cases, including in the insider trading case of Jordan Peixoto, had constitutional implications. Ironically, few were willing to litigate this issue with the U.S. Securities and Exchange Commission, say Derrelle Janey and Robert Gottlieb of Gottlieb & Gordon LLP.

  • Following The FCA's Public Disclosure Bar

    Lori L. Pines

    Although further clarification is needed, courts appear to be leaning toward interpreting the Affordable Care Act's amendments to the False Claims Act's public disclosure bar as a nonjurisdictional defense. Litigants in FCA cases must therefore be prepared for corresponding changes in motion practice, timing and overall burdens, say Lori Pines and Shireen Nasir at Weil Gotshal & Manges LLP.

  • Brazil Continues To Ramp Up Anti-Corruption Enforcement

    Nicholas Berg

    The recently disclosed Bilfinger bribery scandal related to the 2014 FIFA World Cup in Brazil, along with other Brazilian anti-corruption enforcement and regulatory developments, has reinforced the importance to companies doing business in Brazil of implementing effective compliance policies and procedures, say Nicholas Berg and David Rojas of Ropes & Gray LLP.

  • DOJ Investigation Into Generic Pharma: You Could Be Next

    Mark Rosman

    The recent disclosures by generic pharmaceutical companies regarding the U.S. Department of Justice probes suggest that the list of products under investigation could be expanding much like in the auto parts investigation, say Mark Rosman and Seth Silber of Wilson Sonsini Goodrich & Rosati PC.

  • Biomet Again Underscores FCPA Risks In Life Sciences

    Gary Giampetruzzi

    While few details have been disclosed relating to the historic extension of Biomet Inc.'s deferred prosecution agreement, its warning is clear — where prosecutors question a company’s candor, cooperation or remediation of issues, the grip of formal oversight will not be easily released, say attorneys with Paul Hastings LLP.

  • A Closer Look At Madoff Victims' PwC, Citco Suit

    Christine Vargas Colmey

    A recent Southern District of New York ruling — bringing Madoff Ponzi scheme victims one step closer to recovery from Citco and PricewaterhouseCoopers — serves as a cautionary reminder to service providers to funds. They ought to be mindful that, even in the absence of contractual privity with investors, their acts and omissions can result in liability to those third parties, say Jonathan Sablone and Christine Vargas Colmey of Nixon Peabody LLP.