White Collar

  • October 22, 2014

    Feds Seek Leniency For Cooperator In SAC Capital Probe

    New York federal prosecutors are seeking leniency for a former mutual fund manager who pled guilty to trading on insider information from a Yahoo Inc. executive, citing her cooperation in an investigation that led to a $1.8 billion settlement with SAC Capital Advisors LP, according to a recent filing by her attorney.

  • October 22, 2014

    Justices Poised To Set Line For Police On Data Searches

    The U.S. Supreme Court on Monday agreed to take up a challenge to a Los Angeles law allowing warrantless searches of hotel registries, paving the way for the justices to draw a clear line regarding when and how law enforcement needs court involvement to gain access to data held by hotels, technology companies and others.

  • October 22, 2014

    Key Witness Takes Stand In Ex-UBS Exec's Tax Fraud Trial

    Martin Liechti, who as ex-head of UBS AG's Americas business unit is expected to be a key witness in the $20 billion tax evasion conspiracy case against the Swiss bank's former No. 3, Raoul Weil, said at the beginning of testimony Wednesday that Weil was a friend and peer.

  • October 22, 2014

    Stanford Files Pro Se Appeal In $7B Ponzi Scheme Conviction

    Disgraced Texas tycoon Robert Allen Stanford on Tuesday urged the Fifth Circuit to overturn his 110-year prison sentence for a $7 billion Ponzi scheme, arguing in an appeal in which he is representing himself that federal authorities didn't have jurisdiction over his bank.

  • October 22, 2014

    'Real Housewives' Star Can't Serve Term In Halfway House

    A New Jersey federal judge on Wednesday declined to partially convert a 15-month prison sentence for Teresa Giudice, the “Real Housewives of New Jersey” star convicted on fraud and tax evasion charges, saying the court didn't intend for Giudice to serve time in a halfway house.

  • October 22, 2014

    Blackwater Verdict May Dampen Allure Of Overseas Contracts

    A Washington, D.C., federal jury on Wednesday found four former Blackwater Worldwide security guards guilty of murder and manslaughter stemming from a 2007 shooting in Baghdad's Nisour Square, a first-of-its kind verdict that experts say could cause government contractors and their employees to think twice about controversial security contracts.

  • October 22, 2014

    Ex-SEC General Counsel Joins Sidley Austin

    The U.S. Securities and Exchange Commission's general counsel and international affairs chief counsel has left the regulator for a partner position at Sidley Austin LLP.

  • October 22, 2014

    Nonprofit Execs Indicted On Insurance Fraud, Bribery Charges

    The top two executives at a New York City substance abuse treatment nonprofit were indicted Wednesday over alleged insurance fraud and kickback schemes that prosecutors say lined the pockets of the father-and-son duo and allowed them to fuel a lavish lifestyle.

  • October 22, 2014

    Indonesia High Court OKs Chevron Worker's Graft Conviction

    The Supreme Court of Indonesia upheld the corruption conviction of a Chevron Corp. employee accused of ordering the costly cleanup of sites near Chevron oil wells that were not contaminated, the court said Wednesday. 

  • October 22, 2014

    2nd Circ. Upholds Ex-Union Leaders' Extortion Convictions

    The Second Circuit upheld the convictions Wednesday of three related ex-union leaders accused of taking part in a scheme to extort money from business owners, ruling the trial court didn't err by admitting evidence about reputed connections to the mafia.

  • October 22, 2014

    Ex-Pa. County Commissioner Can't Lift Stay In Corruption Suit

    A Pennsylvania federal judge on Tuesday denied a former Lackawanna County Commissioner's motions to reconsider his discovery request and lift the stay on his bid to vacate his sentence for a bribery and extortion scheme, saying a granting of his requests was not warranted.

  • October 22, 2014

    'Kids For Cash' Attorneys Escape Asset Freeze

    A Pennsylvania federal judge on Tuesday denied a bid by plaintiffs embroiled in several class actions over Pennsylvania’s notorious “kids for cash” scheme to freeze 20 percent of any legal fees due to a Powell Law Group attorney and his company, saying he lacked the authority to issue one.

  • October 22, 2014

    Ex-NYPD Officer, Private Eye Charged In Bribery Scam

    A former New York City Police Department sergeant accepted bribes from a private investigator in exchange for confidential information about potential witnesses in federal criminal cases, U.S. prosecutors alleged in a Wednesday complaint.

  • October 22, 2014

    Ex-Contractor To Pay $4.36M For Superfund Bid-Rigging

    A former project manager convicted of taking $1.5 million in kickbacks for rigging bids and other Superfund site subcontracting abuses was ordered to pay $4.36 million in restitution by a New Jersey federal court on Tuesday, the largest fine imposed to date for the scheme.

  • October 22, 2014

    Blackwater Guards Found Guilty In Iraq Shooting Case

    Three former Blackwater Worldwide security guards were convicted Wednesday of manslaughter, attempted manslaughter and weapons charges while a fourth colleague was found guilty of first-degree murder stemming from their involvement in a September 2007 shooting that left 14 dead in a Baghdad traffic circle.

  • October 22, 2014

    2nd Circ. Affirms Ex-Mayer Brown Partner's Refco Fraud Rap

    The Second Circuit on Wednesday upheld the conviction and one-year sentence of former Mayer Brown LLP partner Joseph Collins, who was charged with aiding client Refco Inc.’s $1 billion accounting fraud.

  • October 21, 2014

    Ex-UBS Adviser Says Weil Was At Meeting On Hiding Accounts

    A former UBS AG client adviser on Tuesday placed the Swiss bank's ex-wealth management head Raoul Weil at meetings in 2002 where clients were allegedly advised on keeping accounts hidden from U.S. authorities, but Weil's attorneys questioned why this information was not mentioned in prior meetings with federal prosecutors.

  • October 21, 2014

    Ex-CEO of NJ Drug Dispensary Indicted For Tax Evasion

    The former CEO of a New Jersey pharmacy dispensing company was indicted on Tuesday by a federal grand jury for allegedly filing falsified income tax returns to conceal stock earnings, settlements and disbursements of company funds.

  • October 21, 2014

    Walgreen Can't Nix OTC Drug Privacy Claims In Meth Row

    A Louisiana federal judge on Tuesday refused to dismiss Walgreen Louisiana Co. Inc. and others from a suit alleging they violated the privacy rights of two individuals convicted of trying to make methamphetamine when authorities used a database to track their purchases of over-the-counter cold medicines.

  • October 21, 2014

    NYCLU Strikes 'Historic' Public Defense Deal With NY

    A class action settlement Tuesday between the New York Civil Liberties Union and the state will provide $5.5 million over two years to ensure indigent criminal defendants in five counties are represented by a public defender at arraignment, in what social justice advocates called a “historic” overhaul of New York’s public defense system.

Expert Analysis

  • Japan's Trade Secret Law Reform Should Focus On Discovery

    York Faulkner

    Faced with a growing trend of trade secret theft, Japanese lawmakers are actively debating reforms to strengthen both civil and criminal enforcement of trade secrets. The proposals, however, fail to address the fundamental weakness of trade secret enforcement under current Japanese law, say attorneys with Finnegan Henderson Farabow Garrett & Dunner LLP, Kitahama Partners and Lexia Partners.

  • Offset Deals Can Pose High FCPA Risks For Defense Industry

    Howard Weissman

    Based on almost 30 years of experience in the defense industry, I do not believe that offset transactions are inherently or frequently corrupt. But with a potentially high Foreign Corrupt Practices Act compliance risk, these projects require thorough risk-based due diligence on the parties involved in them, says Howard Weissman, of counsel with Baker & McKenzie LLP and former associate general counsel at Lockheed Martin Corp.

  • GSK Bribery Conviction Signals Increased Risks In China

    Jay Pomerantz

    China’s anti-corruption efforts have historically focused on the Chinese government officials who solicit or receive bribes, but GlaxoSmithKline PLC's recent bribery conviction demonstrates that companies doing business in China must be mindful of China’s own anti-corruption laws in addition to the Foreign Corrupt Practices Act, say Jay Pomerantz and Catherine Kevane of Fenwick & West LLP.

  • DOJ Change On Waiver-Of-Appeal Policies Isn't Enough

    Alain Leibman

    The U.S. Department of Justice recently announced a modest change in its waiver-of-appeal policies. But, as shown in a recent Third Circuit case that severely penalized a defendant who appealed in the face of an unconditional waiver, the DOJ must revisit the entire question of demanding appeal waivers as a condition of a defendant being allowed to plead guilty, says Alain Leibman, a partner with Fox Rothschild LLP and former federal prosecutor.

  • Lessons From Recent DOJ Probes Of Large Banks

    Jacqueline M. Arango

    The U.S. Department of Justice is focusing on large financial institutions for not only failing to comply with federal laws but also for willfully violating laws that were meant to protect the sanctity of the U.S. financial markets. These recent prosecutions, particularly with respect to U.S. embargo violations, provide guidance on what not to do, say Jacqueline Arango and Christine Bautista of Akerman LLP.

  • What Litigators Can Learn From Novelists

    Michael H. Rubin

    Many legal briefs are written in impenetrable jargon and begin with an introduction telling the court what it already knows, using words that stem from the 18th century, such as “hereinafter.” Instead, we should approach briefs the way novelists approach their writing, says Michael Rubin of McGlinchey Stafford PLLC.

  • Tax Lessons From Reality Stars On What Not To Do

    Stephanie C. Chomentowski

    Two reality stars recently made headlines for being prosecuted for tax crimes and fraud, underscoring the fact that how information is conveyed to the government can sometimes make the difference between being able to avoid criminal charges and being sentenced to prison, says Stephanie Chomentowski of Blank Rome LLP.

  • An Offensive Use Of The FCPA?

    Kedar Bhatia

    With recent examples in mind, there is no clear indication that offensive use of the Foreign Corrupt Practices Act is actually a new frontier as opposed to another somewhat underhanded effort at securing a competitive advantage, say Kedar Bhatia and Shamoil Shipchandler of Bracewell & Giuliani LLP.

  • A Convergence Of Antitrust, Anti-Graft Enforcement In China

    Kareena Teh

    In their efforts to combat unfair competition, Chinese authorities have used both antitrust and anti-corruption laws, targeted specific industries, conducted swift investigations, executed dawn raids to obtain evidence, and shared information among different departments. It is highly likely that this will continue for the foreseeable future, impacting the operations of many multinationals, say Kareena Teh and Fabian Roday of Dechert LLP.

  • Information Governance: A Missed Opportunity For Lawyers

    Ann Snyder

    Today, information intersects every practice area, making all lawyers effectively information governance practitioners in one way or another. The issue is whether you will consciously embrace this emerging discipline — and capitalize on it to the benefit of your clients and your practice, says Ann Snyder of the Information Governance Initiative.