A federal judge’s ruling that FBME Bank Ltd. was entitled to more information about how the government determined it was a threat to the U.S. financial system could bring more transparency to the process, but will not set a major obstacle to future designations or save FBME.
Former Virginia Gov. Bob McDonnell and Solicitor General Donald Verrilli are tussling over whether McDonnell should remain free while the nation's highest court weighs his bid to appeal his bribery convictions.
A New York judge has said insurers including an American International Group Inc. subsidiary can shield some documents lawyers produced while investigating a claim by MF Global Inc. for a $141 million futures trading loss in a coverage suit.
Cartel enforcement has become increasingly globalized over the past decade, but attorney-client privilege has not necessarily followed in the wake of that expansion. That means that global companies need to know what kinds of materials, and which types of attorneys, will qualify for privilege in different countries. Here, Law360 takes a look at the rules for some top cartel jurisdictions.
Embattled Pennsylvania Attorney General Kathleen Kane, who is facing criminal charges for allegedly leaking confidential grand jury information, faces an emergency suspension of her law license that could lead to her removal from office, according to reports Friday.
The trustee overseeing the liquidation of Bernie Madoff's fraudulent investment firm on Thursday defended his clawback suit seeking recovery of at least $213 million from account holder Legacy Capital Ltd., telling a New York judge that several red flags must have tipped off Legacy to Madoff's scheme.
The U.K. trader accused of causing the 2010 flash crash on Wall Street lost his bid to postpone an extradition hearing in a London court when the judge on Friday denied his request for time to find an expert witness, according to multiple reports.
Another Swiss bank has struck a deal with the U.S. Department of Justice to avoid prosecution for helping account holders evade U.S. taxes, agreeing to pay over half a million dollars as part of the settlement, the DOJ said Thursday.
An Illinois federal judge on Thursday ordered former U.S. Rep. Aaron Schock to produce a trove of documents from his time in Congress for a private review, a day after the U.S. Department of Justice derided his claims that the records weren’t covered by a grand jury subpoena.
Todd Newman and Anthony Chiasson, the hedge fund managers whose insider-trading convictions were famously overturned by a federal appeals court in December, both urged the Supreme Court this week not to extend the life of the case just so that the solicitor general could take a stab at a moot point.
The U.S. Department of Justice told a New York federal court Wednesday that a metal company executive’s son can’t reclaim money his father forfeited after pleading guilty to a scheme to smuggle magnesium later supplied to a government contractor, arguing he didn’t own the account from which the sum was taken.
Bryan Cave LLP doesn’t carry professional malpractice insurance for its individual attorneys, a former employee said in a New York state court suit Wednesday, demanding at least $2.5 million for his criminal defense of charges related to an alleged scheme to buy Maxim magazine.
A New York federal judge will allow a deposition of the Macedonian secret service’s ex-chief in the Foreign Corrupt Practices Act trial of three former executives of a Hungarian telecommunications company, ruling the deposition’s problems do not doom the testimony.
A federal grand jury has indicted the owners of a Chicago home health care business and others on 23 counts that they allegedly defrauded Medicare of more than $6 million following a kickback scheme, prosecutors said Thursday.
The U.S. Commodity Futures Trading Commission can seek a civil judgment against former Sentinel Management Group Inc. CEO Eric A. Bloom while he appeals his 2014 conviction for running a scheme that bankrupted the investment firm and cost victims $665 million, an Illinois federal judge ruled Thursday.
A Pennsylvania federal judge was urged Wednesday to prevent Rep. Chaka Fattah, D-Pa., from raising arguments during a pending corruption trial suggesting that he'd been the subject of a politically motivated investigation.
The Internal Revenue Service on Thursday released proposed regulations clarifying penalties that apply to taxpayers who fail to report certain tax avoidance transactions that must be disclosed to the agency, saying 2010 changes to the law have led to confusion.
The estate of former Penn State football coach Joe Paterno, which is suing the NCAA over its discipline of the university in the wake of the Jerry Sandusky sex abuse scandal, asked a Pennsylvania state court judge Wednesday to remove a designation labeling 70,000 pages of documents produced by Pepper Hamilton LLP as confidential.
After Texas Attorney General Ken Paxton on Thursday entered a not guilty plea in state court to three felony charges that he violated securities laws, his lead defense lawyer asked to withdraw from the case, saying it was no longer tenable for him to represent the state’s top lawyer.
A new proposal would require asset management firms, hedge funds and other alternative investment vehicles to comply with U.S. anti-money laundering regulations, adding enforcement risks and prompting criticism that the proposal is seeking something most industry players are already doing.
Compliance officers and attorneys need to develop a working understanding of “credible information” as used in the Federal Acquisition Regulation Combating Trafficking in Persons clause. Unlike other terms, “credible information” is not a precise legal term. There is also an inconsistency within the FAR, says Robert Stamps, special counsel for Afghanistan at Fluor Intercontinental Inc.
The ruling in U.S. v. Graham over access to cell site location information at cell towers leaves open the possibility that a narrowly framed Stored Communications Act § 2703(d) order might still pass constitutional muster in the Fourth Circuit. Be that as it may, this issue could be ripe for U.S. Supreme Court review now that two circuits are squarely split based on similar sets of facts, says Pierre Grosdidier of Haynes and Boone LLP.
While the dollar figures involved in fraudulent schemes committed by small and midsize health providers pale in comparison to the record-setting $3 billion settlement with GlaxoSmithKline PLC, they are nonetheless substantial and can result in significant awards through the qui tam provisions of the federal False Claims Act, says Michael Filoromo III of Katz Marshall & Banks LLP.
Vincente Garcia, former head of Latin American sales for SAP International Inc., recently pled guilty in San Francisco federal court to violations of the Foreign Corrupt Practices Act and settled civil FCPA charges brought by the U.S. Securities and Exchange Commission, underscoring the agencies' continuing focus on the technology sector and Northern California in general, say attorneys with Morrison & Foerster LLP.
The conviction and sentencing of Tom Hayes for his part in the manipulation of the London interbank offered rate is an important win that will undoubtedly embolden the U.K. Serious Fraud Office and may help ensure that a proposal to abolish the SFO does not resurface anytime soon, say Elly Proudlock and David Rundle of WilmerHale.
Olivia Pope, the D.C. lawyer at the heart of the television drama "Scandal," calls herself and her team "gladiators in suits." By that, she means that she is willing to fight for her clients like a gladiator thrown into the arena. While it may be good for TV drama, thinking like a gladiator in reality can get litigators into trouble. Consider the top three ethical mistakes, say Sherin and Lodgen LLP partners Debra Squires-Lee and C... (continued)
It is the better part of judicial restraint for courts to defer currently to local privacy rules in cases like the Microsoft Ireland one. Leave it to lawmakers to decide whether and where U.S. prosecutors should be able to reach such user data stored overseas, without unduly tying Congress’ hands with constitutionalized privacy rules that might or might not apply in all cases, says Nathan Newman, director of the nonprofit Data Justice.
It is a hard truth, but a law degree is a tough thing to have nowadays. Overloaded with thousands of dollars in debt and only a few job prospects that require a law license, many law graduates are looking for ways to manage their careers. We suggest some proven methods to amplify and accelerate your job search, says Mark Newall of Essex Partners Legal.
The 2012 Foreign Corrupt Practices Act resource guide did not address the government’s view of the impact of compliance issues, and the new revised version does not address these issues. The changes are more technical than substantive but offer clarity for some accounting and criminal penalties provisions, say Eric Sitarchuk and Alison Tanchyk of Morgan Lewis & Bockius LLP.
The recent arrests of two criminal defense lawyers in Pennsylvania raise thorny questions about what a prudent practitioner in a two-party consent state should do when presented with a recorded conversation that does not, on its face, indicate that all participants have consented, says John Harris of Frankfurt Kurnit Klein & Selz PC.