White Collar

  • April 29, 2016

    Influential Women In Securities Law: Sandra Goldstein

    Sandra Goldstein, head of litigation at Cravath Swaine & Moore LLP, has earned a reputation as a tough litigator and incisive strategist who has won groundbreaking victories for Xerox, Barnes & Noble and others, making her one of Law360's Influential Women in Securities Law.

  • April 29, 2016

    Jury Clears Trio Charged In $1.6B Wynn Casino Land Deal

    A Massachusetts federal jury on Friday cleared three landowners of all claims of wire fraud and conspiracy to commit wire fraud in connection with a land purchase deal for Wynn Resorts Ltd.’s $1.6 billion casino resort project, according to defense lawyers.

  • April 29, 2016

    Former Rendell Chief Of Staff To Plead To Wire Fraud

    The former chief of staff to Pennsylvania Gov. Ed Rendell intends to plead guilty after being charged with pocketing funds from an undercover business that were supposed to be passed on to state legislators in a federal investigation, according to documents filed in federal court Friday.

  • April 29, 2016

    11th Circ. Rules For HHS In Drug Dosage Medicaid Billing Suit

    The Eleventh Circuit affirmed a decision Friday that a Florida eye doctor's clinic overbilled Medicare by nearly $9 million by extracting multiple doses from a single-dose vial of medication, agreeing with the U.S. Department of Health and Human Services that the charges were not medically reasonable.

  • April 29, 2016

    Blagojevich Tells Justices To Take His Case After Resentencing

    Former Illinois Gov. Rod Blagojevich asked the U.S. Supreme Court to reconsider whether to hear his appeal of a corruption conviction and 14-year prison sentence, saying that once his resentencing is complete this summer, the question of how extortion is proved in court will be ripe.

  • April 29, 2016

    Amerindo Founders Seek High Court Review Of $83M SEC Win

    The co-founders of Amerindo Investment Advisors Inc. have asked the U.S. Supreme Court to review a Second Circuit ruling in a 10-year-old securities fraud case which upheld the imposition of a combined $83.1 million in financial penalties, saying the appeals court erred in its definition of what constitutes a domestic transaction.

  • April 29, 2016

    Calls To Revoke Hastert's Pension Blocked By State Law

    An Illinois legislator called for former House Speaker Dennis Hastert to be stripped of the pension he earned while he was a member of the state's General Assembly on Thursday, but it's unlikely it will be allowed under state law.

  • April 29, 2016

    Pryor Cashman Adds NY White Collar, Securities Partner

    Pryor Cashman LLP’s white collar defense and investigations group has added a former WilmerHale partner who has experience in securities law and Foreign Corrupt Practices Act compliance and has represented clients ranging from J.P. Morgan to Tishman Construction.

  • April 29, 2016

    Rising Star: Boies Schiller's Matthew Schwartz

    After a decade of work at the Manhattan U.S. attorney's office, Matthew L. Schwartz hit the ground running in 2015 as a partner at Boies Schiller & Flexner LLP, where his work building an investigations practice — and on high-profile matters including daily fantasy sports litigation — earned him a spot on Law360's list of top white collar attorneys under 40.

  • April 29, 2016

    Local SunTrust Bankers Sentenced For Falsifying Loans

    The U.S. Department of Justice announced the Virginia federal court sentencing Friday of a SunTrust Mortgage branch head, his wife and two brothers-in-law for a multimillion-dollar scheme to falsify loan documents and get borrowers mortgages for homes they couldn’t afford.

  • April 29, 2016

    Atty Says Prosecutors' Bad Behavior Warrants Axing Charges

    A Texas attorney recently sentenced to 16 years in prison for a money laundering scheme demanded the dismissal of separate charges Friday, saying governmental misconduct should end claims he bilked a Nevada contractor out of $32 million, but if not, the local U.S. Attorney’s Office should be disqualified.

  • April 29, 2016

    Former Fox News Commentator Cops To Defrauding Gov’t

    A former Fox News commentator on Friday pled guilty in Virginia federal court to defrauding the federal government by lying on overseas contractor job applications, admitting that there is no record he ever served in the CIA, according to the U.S. Department of Justice.

  • April 29, 2016

    Chinese Insider Trading Sweep Nabs Fund Manager, Broker

    Chinese authorities have arrested a high-profile hedge fund manager who helms Shanghai investment firm Zexi Investment as well as the general manager of a top brokerage over allegations of insider trading and manipulating stock prices, China’s state-run news agency said on Friday.

  • April 29, 2016

    Incentives For Self-Reporting Are Real, Enforcers Insist

    A who’s who of enforcement chiefs from agencies including the U.S. Securities and Exchange Commission and the Department of Justice sought to assure companies Friday that self-reporting wrongdoing is worth it, saying in a New York panel discussion that the rewards have gotten better while the penalties for concealing issues are growing.

  • April 29, 2016

    Ex-Bryan Cave Atty Appeals Conviction Over Maxim Deal

    Former Bryan Cave LLP transactional attorney Harvey Newkirk on Thursday launched an appeal of his fraud conviction and prison sentence for a purported scheme to defraud lenders of $8 million as part of a failed ploy to acquire Maxim magazine.

  • April 29, 2016

    Pa. To Drop Appeals In Penn State Sex Abuse Cover-Up Case

    Pennsylvania Attorney General Kathleen G. Kane announced Friday that the state would not appeal rulings that slashed the charges faced by three former Pennsylvania State University administrators accused of interfering with the investigation into assistant football coach Jerry Sandusky's sexual abuse.

  • April 29, 2016

    FIFA Bans Caribbean Soccer Official For Ethics Violations

    FIFA, soccer's beleaguered international governing body, said Friday that it has banned a former Caribbean official from all soccer-related activities for five years and fined him 3,000 Swiss francs ($3,129) for alleged ethics violations.

  • April 29, 2016

    5th Circ. Vacates Fraudster's Sentence For Gov't Contracts Plot

    The Fifth Circuit on Thursday affirmed a retired U.S. Army colonel’s conviction for a scheme to procure contracts intended for disadvantaged businesses but vacated his two-year prison sentence after concluding that a lower court inflated the amount the government lost due to the fraud.

  • April 29, 2016

    Gibson Dunn Blasts Document Demand In Bridgegate Case

    The New Jersey governor’s office and its counsel Gibson Dunn on Thursday struck back against subpoena requests from the former officials charged for the September 2013 closure of George Washington Bridge access lanes, saying that the document discovery requests went "shamelessly beyond” the court’s authorization.

  • April 29, 2016

    Alere Refuses Abbott Bid To Back Out Of $5.8B Merger

    Alere Inc. said Thursday that its board of directors rejected a request by Abbott Laboratories, which expressed concerns about the diagnostic services provider’s pending foreign bribery probe and delays with its annual report, to terminate their proposed $5.8 billion tie-up.

Expert Analysis

  • OPINION: Engaging The Media May Help Your Client

    Liz Mair

    While I am confident that the decisions in Windsor and Obergefell were made on the basis of the dictates of the Constitution, I am also confident that the communications efforts undertaken gave the justices additional comfort to make the right call, and ensured that these decisions were not treated as a Roe v. Wade redux, says Liz Mair, former online communications director for the Republican National Committee and president of Mair Strategies.

  • Spoofing And The Limit-Order Book

    John Montgomery

    Given the importance of “intent” in the statutory language outlawing “spoofing,” expert analysis of a defendant’s trading patterns may contribute evidence regarding the defendant’s intentions. An exchange’s limit-order book inevitably reflects the strategic behavior of many traders, says economist John Montgomery of Navigant Consulting Inc.

  • Using The New Federal Rules To Rein In Discovery

    Martin J. Healy

    The 2015 amendments to the Federal Rules of Civil Procedure present a fertile opportunity for defendants to leverage the rules' renewed focus on reasonableness and proportionality to rein in rampant discovery abuse. Courts' application of the amended rules has already shown promise in this regard, say Martin Healy and Joseph Fanning of Sedgwick LLP.

  • Dentons: A New Kind Of Network?

    MarkACohen.jpg

    Dentons is two different law firm networks in one. So even if the Swiss verein structure should eventually fail and Dentons is forced to operate as a network of independent law firms, it could still be a significant market force, says Mark A. Cohen, a recovering civil trial lawyer and the founder of Legal Mosaic LLC.

  • Attorney-Client Privilege And A Law Firm Leak

    George M. Clarke

    Whenever attorney files are leaked, innocent clients — as well as those who may have been seeking to cover up wrongdoing — face the potential of their personal information and confidential files being reviewed by reporters, members of the public and government investigators. Recent reports of a massive leak of documents that appear to have been stolen from a non-U.S. law firm raise the question of whether U.S. government investigat... (continued)

  • Solving The Paradox Of Insider Trading Compliance

    John P. Anderson

    The current insider trading regime has precisely the opposite of its intended effect — ambiguity in the law and the threat of stiff sanctions have resulted in highly inefficient compliance programs that are costly to shareholders. The law should be modified so it permits an issuer to license its employees to trade on its material nonpublic information, so long as certain conditions are met, says professor John Anderson of the Missi... (continued)

  • Avoiding The Pitfalls Of Researching Attorneys In PACER

    Brian Howard

    While PACER is a powerful tool for gaining information, practitioners should keep in mind that certain flaws often cause lawyers to be omitted from cases they’ve worked on or to show up associated with the wrong firm. These errors build up across aggregate records, tainting any conclusions drawn from such data — often to a surprising extent, according to Brian Howard, a legal data scientist at Lex Machina.

  • A Review Of Gov't Cases Against Execs In Q1

    Kirby Behre

    In this article, attorneys with Miller & Chevalier Chtd. highlight the most significant cases and government investigations that affected corporate executives in the first three months of 2016.

  • DOJ Takes On Tribal Lending: Inside The Indictments

    Timothy Q. Purdon

    In recent months, the attention of the tribal lending industry has focused on the Consumer Financial Protection Bureau’s role in regulating short-term loans from sovereign tribal nations, but a new and even more powerful player has recently emerged that could play a role in shaping future discussions — the U.S. Department of Justice, say Timothy Purdon and Brendan Johnson, former U.S. attorneys who co-chair Robins Kaplan LLP's Amer... (continued)

  • Is It Time To Repeal NY's Ancient Attorney Deceit Statute?

    David Bayne

    In 2014, Facebook and Mark Zuckerberg brought an action in New York County Supreme Court against four law firms and nine individual lawyers, asserting violation of N.Y. Judiciary Law Section 487 — a peculiar statute that looms over every litigator in hotly contested state and federal cases in New York, say David Bayne and Steven Cordero of Akerman LLP.