White Collar RSS

  • April 18, 2014

    Barnes & Thornburg Nabs Akin Gump Appellate Pro

    Barnes & Thornburg LLP announced Thursday that it had picked up an appellate and trial lawyer from Akin Gump Strauss Hauer & Feld LLP who handles intellectual property, bankruptcy, insurance, white collar and labor matters to enhance its litigation department in Los Angeles.

  • April 18, 2014

    Jailed Texas Client Can Sue Attys Over Contempt Order

    A Texas appeals court on Thursday revived a suit against Bailey & Galyen in which a client alleged he landed in jail because the law firm mishandled and gave bad advice about discovery responses in his divorce, rejecting the Dallas boutique's defense to malpractice suits arising from criminal convictions.

  • April 18, 2014

    Ex-Quest CFO Loses Bid To Undo 16-Year Fraud Sentence

    The former chief financial officer of oil and gas exploration company Quest Resource Corp. lost a bid Thursday in Oklahoma federal court to overturn his 16-year sentence for his part in an investment scheme that cost investors more than $100 million.

  • April 18, 2014

    Rajaratnam Brother Can't Nix Insider Trading Indictment

    A New York federal judge has refused to dismiss insider trading charges against Rengan Rajaratnam, the younger brother of convicted Galleon Group LLC founder Raj Rajaratnam, according to a ruling made public Friday.

  • April 18, 2014

    Ex-Mutual Benefits Atty Will Appeal 10-Year Prison Term

    A former outside counsel for Mutual Benefits Corp. filed a notice in Florida federal court Thursday of his intention to appeal a 10-year sentence he received for his role in the company's $837 million insurance investment scam.

  • April 18, 2014

    High Court Petitioned Over 2008 La. Ship Crash, Oil Spill

    American Commercial Lines LLC is asking the U.S. Supreme Court to clarify maritime laws on preventing ship collisions in inland channels, hoping to hold another ship owner liable for the 2008 sinking of an ACL barge that caused a large oil spill in the Mississippi River.

  • April 18, 2014

    2nd Circ. Could Curtail Insider Trading Prosecutions

    An impending Second Circuit ruling on whether the government should have to prove that recipients of insider trading tips knew their source stood to benefit from the disclosure could drastically limit prosecutors' ability to pursue charges against those further down the "daisy chain" from an illegal tip, experts say.

  • April 18, 2014

    Mo. Bank Head Spent TARP Funds On Luxury Condo, Fed Says

    The Federal Reserve on Thursday announced that the former chairman of a Missouri bank had admitted to improperly using nearly $381,500 in Troubled Asset Relief Program funds to purchase a luxury condominium in Florida.

  • April 18, 2014

    JPMorgan To Pay Madoff Victims $218M After Judge's OK

    A New York federal judge on Thursday finalized a $218 million settlement between JPMorgan Chase & Co. and victims of Bernard Madoff, ending a class action suit that accused the bank of turning a blind eye to the decadeslong Ponzi scheme.

  • April 18, 2014

    Jury Finds Ex-Battery Co. CEO Guilty Of $2.6M Fraud

    A California federal jury on Wednesday convicted the former CEO of battery distributor Powerline Inc. of defrauding the U.S. Department of Defense by selling $2.6 million worth of inexpensive, generic batteries instead of the name-brand batteries requested by the military.

  • April 18, 2014

    4th Navy Official Charged In Glenn Defense Bribery Scandal

    Criminal charges have been brought against a fourth U.S. Navy official for his role in an international bribery scandal involving foreign defense contractor Glenn Defense Marine Asia, the U.S. Department of Justice said on Thursday. 

  • April 18, 2014

    DC Circ. Wrongly Gutted Blackwater Shooting Case, Feds Say

    The D.C. Circuit relied on an erroneous statement in one of its own opinions to give an “unjustified windfall” to a former Blackwater Worldwide security contractor accused with several others of killing 14 Iraqi citizens, federal prosecutors told the appeals court on Thursday, saying the decision had crippled part of their case.

  • April 17, 2014

    W.Va. High Court Allows Recording Of Lawyer Cocaine Deal

    West Virginia’s Supreme Court ruled Thursday that a recording of a conversation in which an attorney sold cocaine to an informant in his law offices was admissible in the criminal case against him, overturning a circuit court decision.

  • April 17, 2014

    NJ Man Guilty Of $200M Ponzi Scheme Faces New Charges

    Federal prosecutors on Wednesday charged a Facebook Inc. initial public offering fraud scheme against a New Jersey man recently sentenced to 22 years in prison for running a real estate investment Ponzi scheme that bilked Orthodox Jewish community members and others out of $200 million.

  • April 17, 2014

    Christie Taps Seton Hall Law Dean As Ombudsman

    New Jersey Gov. Chris Christie on Thursday acted on the recommendation of a Gibson Dunn report clearing him of involvement in "Bridgegate" and appointed the dean of the Seton Hall University School of Law to serve as an ombudsman for the governor's office.

  • April 17, 2014

    RE Investor Cops To Rigging Ga. Foreclosure Sale Bids

    A real estate investor admitted Thursday to participating in a plot to rig bids at public real estate foreclosure auctions in Georgia, the latest guilty plea the U.S. Department of Justice has won in its probe into real estate sales in the Atlanta area.

  • April 17, 2014

    Gupta To Surrender For 2-Year Prison Term In June

    Former Goldman Sachs Group Inc. director Rajat Gupta has two months to surrender himself for his two-year prison sentence on criminal charges of insider trading, a New York district judge ordered Thursday.

  • April 17, 2014

    Player In $11M Ponzi Scheme Gets 25-Year Sentence

    A Texas federal judge on Wednesday handed down a 25-year prison sentence to a key player in an $11 million investment fraud scheme and ordered he pay $6.5 million in restitution, the U.S. Department of Justice announced.

  • April 17, 2014

    Dentons Lands Chief Health Care Fraud Prosecutor

    Dentons has nabbed a top federal prosecutor and health care fraud specialist from the Eastern District of New York to serve as a partner in the firm's health care practice, it announced Wednesday.

  • April 17, 2014

    Convicted CityTime Scammers Denied New Trial

    A federal judge on Thursday refused to order a new trial for two of the three men found guilty of wire fraud, bribery, conspiracy to commit money laundering and other charges after allegedly taking kickbacks in the scandal-plagued CityTime project to modernize New York City’s payroll system.

Expert Analysis

  • The Future Of Law Firm PR: The Good, Bad And Ugly

    Paul Webb

    There has been a dramatic change in how public relations professionals interact with the news media to promote or protect a law firm’s brand and reputation. But content is queen and has a bright future in law firm PR — it all begins with a plan that should include goals, performance indicators and a system of assessment, say Paul Webb, director of marketing at Young Conaway Stargatt & Taylor LLP, and Kathy O'Brien, senior vice president at Jaffe PR.

  • Good News For South Fla. Ponzi Schemers?

    Lawrence A. Kellogg

    In its effort to protect public companies and legitimate businesses in general, the U.S. Supreme Court appears to be overlooking the effect its rulings are having on those for whom the fraud provisions of the securities laws were designed to protect. Should the court ring the death knell on class action securities cases, the South Florida climate for Ponzi schemers and other fraudsters will become better than ever, says Lawrence Kellogg, a founding partner of Levine Kellogg Lehman Schneider & Grossman LLP.

  • What Will Gov't Seek To Prove In Rajaratnam Brother Case?

    Michele Adelman

    More courts than not have found that the government bears the burden of proving that a remote tippee knew that the tipper received some form of personal benefit, so the inevitable question is whether the government will reverse course and seek to prove that Rajarengan Rajaratnam knew that his brother Raj's tippers received a personal benefit, rather than running the risk of having a reversal of any conviction of Rajarengan, says Michele Adelman of Foley Hoag LLP.

  • Beware 'Jewel' Risks In Lateral Partner Hiring

    Pamela Phillips

    Jewel litigation has been filed after every major law firm bankruptcy in the past 10 years, including Lyon & Lyon, Brobeck, Coudert, Thelen, Heller and Howrey. These lawsuits have produced years of litigation, with similar suits expected in the Dewey bankruptcy. Despite the legal uncertainties surrounding such claims, hiring firms can take steps now to minimize their Jewel risk for any lateral hire, say attorneys with Arnold & Porter LLP.

  • Medicare Data Release May Spur Health Care Investigations

    Eric D. Fader

    Some industry observers have speculated that the Centers for Medicare and Medicaid Services' recent release of data on Medicare reimbursement payments to health care providers will result in an increase in whistleblower claims under the False Claims Act. While that remains to be seen, "outlier" providers identified in the data may be wise to prepare for some unwanted attention, say Eric Fader and Elizabeth Kim of Day Pitney LLP.

  • Reading Between The Whistleblower Headlines

    Shanti Atkins

    The meteoric media rise of the “celebrity” whistleblower has shone a spotlight on the practice, with personalities such as Chelsea Manning and Edward Snowden dividing public opinion on the ethics of spilling secrets. But organizations should pay close attention to the surge in this trend beyond the headlines. Remember, whistleblowers don’t need to be popular to be effective, and opinions on their motives and morality are entirely secondary to the critical issues they potentially uncover, says Shanti Atkins of Navex Global.

  • 7th Circ. Ruling May Restrict Int'l Cartel Enforcement

    Alex Bourelly

    What’s next for international cartel cases based on arguments for potential applications of the Foreign Trade Antitrust Improvements Act? Judge Richard Posner and the Seventh Circuit recently gave one answer to that question, and it’s good news for many criminal defendants and potential targets of investigations, say Alex Bourelly and Noah Mink of Baker Botts LLP.

  • Heartbleed Rains On The Legal Cloud Parade

    David Houlihan

    While the actual breaches are unknown, Heartbleed has the potential to expose all of a lawyer's files stored or transmitted online. The bug raises professional responsibility questions and offers confirmation of the greatest anxieties that the legal industry has about online practice. In fact, the timing is poor for many legal tech providers, following a general industry warming to cloud offerings, says David Houlihan of Blue Hill Research Inc.

  • EU Sanctions May Criminalize Some US Business Activity

    Peter McMaster

    Given the extra-territorial character of the European Union's new financial sanctions against targeted Russians and Ukrainians, a person can aid and abet the commission of an offense by taking steps whose only effect is to facilitate a transaction. This places law firms, investment businesses and others engaged in international transactions at risk of accessory liability through their everyday work, says Peter McMaster of Appleby Global Group Services Ltd.

  • What 1st Antitrust Extradition Means For Auto Parts Case

    Jennifer Driscoll-Chippendale

    The U.S. Department of Justice's Antitrust Division recently announced a milestone victory, having successfully litigated its first extradition for an alleged antitrust violation. As the DOJ continues its largest-ever criminal investigation of the auto parts industry, this case involving an Italian national and former Parker ITS SRL executive serves as a cautionary tale in several respects, says Jennifer Driscoll-Chippendale of Sheppard Mullin Richter & Hampton LLP.