Avon Products Inc. received court approval Wednesday for a $135 million settlement that puts to bed DOJ and SEC investigations over the beauty giant's business practices in China, as its unit based there entered a guilty plea to Foreign Corrupt Practices Act misdeeds.
Four Freedom Industries executives were charged Wednesday with criminal violations of the Clean Water Act and negligent operation of their Elk River facility for a massive chemical spill in January that left 300,000 West Virginia residents without usable water for days.
Two partnerships that operated illegal tax shelter funds urged a California federal judge on Wednesday to allow their tax deductions on losses from currency trades that were part of the scheme, arguing they qualify for the deduction because the trades were intended to yield profits.
A New York bankruptcy judge has approved $600 million worth of settlements in clawback suits brought by the SIPA trustee for Bernard Madoff's failed securities firm and also approved the consolidation of two suits against would-be opt-outs from an earlier $7.2 billion deal with mega-investor Jeffry Picower.
A Texas federal judge has sentenced a U.S. Department of Homeland Security agent tasked with rooting out corruption to more than three years in prison, according to the DOJ, after the agent was convicted in March of falsifying documents and obstructing an internal inspection.
The president and a pharmacist of the now-bankrupt New England Compounding Pharmacy Inc. were arrested at their Massachusetts homes early Wednesday morning and charged with second-degree murder and racketeering for a deadly meningitis outbreak in 2012 caused by tainted steroid injections the company distributed.
Texas authorities early Tuesday morning reportedly apprehended a former oilman who had run away from prison on Sunday night while serving a nine-year sentence for a $7 million Ponzi scheme.
A former International Relief and Development Inc. employee was indicted Tuesday in Texas federal court for allegedly soliciting and accepting bribes in exchange for his influence in awarding government-funded contracts in Afghanistan, prosecutors said.
The Second Circuit said on Tuesday that a Madoff feeder fund owned by insurance giant MassMutual Holdings LLC can't be directly sued by an investor that put $12 million into the historic Ponzi scheme because the feeder fund, Rye Investment Management, was damaged itself.
A group of state banking watchdogs proposed virtual currency regulations Tuesday that take a less stringent approach to anti-money laundering compliance than do rules New York has separately been pushing — changes experts say could make it easier for virtual currency firms to grow and innovate.
Two Pennsylvania state representatives were charged by Philadelphia’s district attorney Tuesday with accepting cash in exchange for voting a certain way on bills, part of a larger probe into political corruption initiated and later dropped by the state attorney general’s office
The president of Freedom Industries Inc. told a federal court Monday that prosecutors charging him with lying to a bankruptcy court to shield his assets following a massive chemical spill should be disqualified, saying they can’t be impartial because they were among the 300,000 West Virginia residents exposed to the January spill.
A Florida federal jury convicted suspended North Miami mayor Lucie M. Tondreau on Tuesday of wire fraud for an $8 million scheme in which she and others used a radio show to recruit straw borrowers for fraudulent mortgage loans.
A former mortgage bond trader was sentenced in New Jersey federal court Tuesday to two-and-a-half years in prison for a price-manipulation scheme that saddled a Bank of New York Mellon unit with more than $9 million in losses.
Real estate company DBSI Inc. on Monday saw a fifth executive sentenced to serve time in connection with the $150 million fraud allegedly perpetrated by the bankrupt company, weeks after its former president was banned from the U.S. Securities and Exchange Commission.
Verizon Communications Inc., the U.S. Chamber of Commerce, the Center for Democracy and Technology and dozens of other business groups and privacy experts on Monday flooded the Second Circuit with briefs supporting Microsoft Corp.’s challenge to a search warrant that would allow the U.S. government to access user data stored overseas.
Microsoft Corp. knew its challenge to a warrant requiring the company to give the government user data stored overseas wouldn't be a "smooth ride," but it's optimistic it will prevail, even if that requires a trip to the U.S. Supreme Court, Corporate Vice President and Deputy General Counsel David Howard told Law360 in an exclusive interview Monday.
A Texas federal judge has refused to dismiss a suit against insurance broker Willis Ltd. over its alleged role in Allen Stanford's $7 billion Ponzi scheme, finding Monday in a mixed ruling that many of the allegations were plausible enough to survive a motion to dismiss after the U.S. Supreme Court helped revive the suit.
An Iowa halal food company and some of its directors pled not guilty on Monday to federal criminal charges that they fraudulently exported to Malaysia and Indonesia beef that was mislabeled to make it appear as if it had been prepared in accordance with those countries' import standards.
JoAnn Crupi, who worked at Bernie Madoff's crooked firm for 25 years until its 2008 collapse, was sentenced to six years in prison Monday for crimes of greed, including tax and securities fraud, but a federal judge said she did not know her former boss was running a Ponzi scheme.
The bad news coming out of the European Pro Bono Summit in November was the rising toll of heavy cuts to public legal aid in England. From this crossroad, there is a lot to be learned about the relationship between public and private assistance, the direction of legal help for the poor in the EU, and whether the American legal aid/pro bono experience offers a road map for what’s next in Europe, says Kevin Curnin of the Association ... (continued)
Attorneys and executives would do well to take note of the recent federal indictment of Massey Energy Co.'s former CEO, which shows that, in at least some circumstances, relatively general and open-ended corporate statements can be the basis for criminal charges, say attorneys at Arnold & Porter LLP.
Israeli financial institutions and U.S. holders of Israeli accounts have much to fear as the U.S. government accelerates its enforcement push against alleged U.S. tax evaders and their putative facilitators. However, those who fight back are likely to find that it is significantly easier for U.S. authorities to threaten complex financial prosecutions than to win them at trial, says Robert Henoch, a former assistant U.S. attorney no... (continued)
Recent trends, along with seemingly choreographed statements from high-ranking U.S. Department of Justice officials, provide something of a forecast for what may be on deck for 2015. An analysis of that data points to three key areas of focus, all tied to a coordinated effort to shift the spotlight onto individual offenders, says Timothy Belevetz, a partner with Holland & Knight LLP and former federal prosecutor.
In the classic case, a client and his attorney seek appellate counsel after the trial court proceedings are concluded. But these days, “classic cases” are few and far between — more and more, appellate lawyers assist in the trial court with preservation of the appellate record and compliance with the many technical rules of appellate procedure, says David Axelrad of Horvitz & Levy LLP.
The U.S. Securities and Exchange Commission’s recent enforcement policies and actions have been as Chairwoman Mary Jo White promised: aggressive, robust and wide-ranging. The SEC’s enforcement year has sparked equally robust discussion about the proper role and methods of the commission in enforcing the nation’s securities laws. And maybe that robust debate has been a policy objective all along, says Thomas Potter of Burr & Forman LLP.
A recent Virginia court ruling in Virginia v. Baust is a reminder to corporations and their counsel that while fingerprint technology may block hackers or thieves from viewing the contents on smartphones, it may surprisingly make it easier for government investigators to access these powerful mobile devices, say Glen Kopp and Kedar Bhatia of Bracewell & Giuliani LLP.
Ample literature exists on how to conduct an effective internal investigation and best practices in doing so. Far less common, but equally important, are the questions a company’s decision-makers — whether a CEO, compliance officer or in-house counsel — should ask before the investigation begins, says Ty Howard, a partner with Bradley Arant Boult Cummings LLP and former federal and state prosecutor.
The consensus that emerged from my discussions with several lawyers who have become best-selling novelists is that the traits it takes to be a great lawyer are invaluable in crafting first-rate mysteries and thrillers. Both thriller authors and lawyers possess a concentrated attention to detail that allows them to create a logical framework for their story, brief or courtroom presentation, says Michael Rubin of McGlinchey Stafford PLLC.
To his credit, Judge Jed S. Rakoff of the Southern District of New York anticipates opposition to his proposal for the use of neutral magistrates to referee the plea-bargaining process — indeed, I can think of six objections right off the bat, says Edward J. Loya Jr., an associate at Venable LLP and former federal prosecutor.