White Collar

  • July 22, 2014

    Former JPMorgan Exec Settles UK Insider Dealing Case

    A former JPMorgan Chase & Co. banker agreed Tuesday to pay a £450,000 ($767,000) fine for allegedly breaking market rules in disclosing confidential information about an oil exploration company that was also client of his.

  • July 21, 2014

    Ex-Qualcomm Exec Pleads Guilty To Insider Trading

    Former Qualcomm Inc. executive Jing Wang on Monday pled guilty in California federal court to criminal charges of insider trading in shares of Qualcomm and Atheros Communications Inc. stock and laundering the proceeds through an offshore shell company, the U.S. Department of Justice announced.

  • July 21, 2014

    Feds Seek 41-Month Sentence For Boeing Subcontractor

    The federal government recommended a 41-month sentence for a Boeing Co. subcontractor's technical writer, who, after being fired, blackmailed his company Corsair Engineering by threatening to sell proprietary drone manuals to foreign powers.

  • July 21, 2014

    LA Sues Hospital For Spinal Implant Overbilling Scheme

    Los Angeles County sued a Long Beach hospital, its former president, and medical device company International Implants LLC in California court Friday, claiming their scheme to inflate the cost of spinal surgery equipment cost the county's workers' compensation plan millions of dollars.

  • July 21, 2014

    NJ Judges Admonished For Dining With Convicted Ex-Official

    The Supreme Court of New Jersey’s disciplinary committee has admonished two Superior Court judges for publicly dining with a former public official later convicted on corruption charges, choosing the least severe punishment because of the judges’ otherwise unblemished careers and contrite responses.

  • July 21, 2014

    Ex-Taylor Bean Chair's 30-Year Fraud Sentence Upheld

    Former Taylor Bean & Whitaker Mortgage Corp. Chairman Lee Bentley Farkas on Monday lost his bid to vacate his criminal conviction and 30-year sentence for his role in a $2.9 billion fraud, with a Virginia federal judge ruling that Farkas failed to show that his trial and appellate lawyers were ineffective.

  • July 21, 2014

    Ex-Evercore Banker Seeks Leniency For Insider Trades

    A former Evercore Group LLC investment banker charged with insider trading as a means to help pay child support has asked a New York federal judge for leniency at an upcoming sentencing hearing, claiming that he acted out of “love and fear,” according to a Friday court filing.

  • July 21, 2014

    Picard Can't Appeal 'Good Faith' Madoff Clawback Ruling

    U.S. District Judge Jed Rakoff refused on Monday to let the liquidating trustee for Bernard L. Madoff’s defunct firm seek appellate review of a decision weakening clawback suits against investors affected by the Ponzi scheme, saying the cases should not “languish” while the Second Circuit tackles a narrow question of law.

  • July 21, 2014

    Deutsche, Barclays Helped Funds Dodge Taxes, Panel Says

    The U.S. Senate Permanent Subcommittee on Investigations revealed on Monday that Barclays Bank PLC and Deutsche Bank AG sold complex, structured financial products to hedge funds for over a decade that allowed the groups to evade federal leverage limits and billions in capital gains taxes.

  • July 21, 2014

    Norton Rose Fulbright Nabs 3 Ex-Cadwalader Regulatory Pros

    Norton Rose Fulbright said Monday that it has nabbed from Cadwalader Wickersham & Taft LLP a three-attorney regulatory compliance and enforcement team experienced in matters before the Federal Energy Regulatory Commission and the Commodity Futures Trading Commission to join the firm’s Washington, D.C., office.

  • July 21, 2014

    Ex-Boeing Officer Pleads Guilty In Defense Kickback Scheme

    Former Boeing Co. procurement officer Deon Anderson pled guilty Friday in Missouri federal court on five charges of fraud relating to his selling of insider information to help aircraft parts manufacturers land about $3.5 million worth of military contracts.

  • July 21, 2014

    Fla. Cop Gets 5 Years For Aiding Ponzi Schemer Rothstein

    A former Florida county sheriff's deputy was sentenced Monday to five years in prison for conspiring to use his position to support convicted Ponzi schemer Scott Rothstein run a $1.2 billion investor fraud out of his now-bankrupt law firm, Rothstein Rosenfeldt Adler PA.

  • July 21, 2014

    Australian Regulator Says RBS Manipulated Swap Rate

    Australia’s securities regulator on Monday censured the Royal Bank of Scotland PLC after the bank found evidence that certain traders tried to manipulate the Australian Bank Bill Swap Rate in order to benefit its derivative positions.

  • July 21, 2014

    Family Defense Contractor Pleads Guilty To $10M DOD Fraud

    The owner of an Oregon defense contractor and his sons pled guilty to fraud on Friday in Oregon federal court in connection with vehicle parts contracts for the U.S. Department of Defense, according to a U.S. Department of Justice statement.

  • July 21, 2014

    'Kids For Cash' Atty Duped Biz Partner, Suit Says

    A Western Pennsylvania businessman who co-owns two juvenile detention facilities has sued his former business partner — an attorney who pled guilty over his role in the Luzerne County “kids for cash” scandal — in federal court, alleging that he was duped into financing elements of the scheme.

  • July 21, 2014

    Toshiba Wants $1.1B In Trade Secrets Suit, SK Hynix Says

    Toshiba Corp. is seeking 109.15 billion yen ($1.08 billion) in damages in a trade secrets suit accusing South Korean semiconductor company SK Hynix Inc. of stealing information related to flash memory technology, according to a regulatory filing submitted by SK Hynix on Monday.

  • July 21, 2014

    UK Watchdog Launches Criminal Forex-Rigging Probe

    The U.K. Serious Fraud Office has opened a criminal investigation into allegations of manipulation in the $5.3 trillion foreign exchange market, the agency said Monday.

  • July 18, 2014

    Fried Frank Impersonator's Hubby Wants To Ax His Guilty Plea

    A Florida man whose wife copped to impersonating a Fried Frank Harris Shriver & Jacobson LLP attorney as part of the couple's alleged scheme to obtain funds for a sham bank software company filed a motion Friday to withdraw his guilty plea, contending that he acted on the advice of a lawyer who hadn't fully reviewed the facts or developed a trial strategy.

  • July 18, 2014

    Google Must Give Feds Gmail Account Contents, Judge Says

    A New York federal judge on Friday backed the federal government's bid for a search warrant to force Google Inc. to turn over the contents of a Gmail account as part of a criminal money-laundering probe, rejecting holdings by other courts that such unbounded access requests are too broad.

  • July 18, 2014

    Whitman Capital Chief Seeks High Court Review Of Conviction

    Hedge fund founder Doug Whitman has asked the U.S. Supreme Court to review the Second Circuit's ruling affirming his conviction for insider trading, saying the appeals court's findings on critical questions of federal securities and evidentiary law diverge from other circuits and give an unfair advantage to prosecutors.

Expert Analysis

  • When You Are Responsible For Your Book Of Business

    Jennifer Topper

    Finding prospective clients and retaining them has little to do with your legal training and expertise, and yet you have no practice without successful client acquisition and retention. There is no reason you cannot apply your basic legal training and critical thought to successful sales efforts hinging upon your practice strength and experience, says independent law firm consultant Jennifer Topper.

  • An Inventive Way To Remove Pure State Court Claims

    Michael E. Blumenfeld

    Nondiverse state court defendants facing purely state law claims that seek to secure federal jurisdiction should determine whether a good faith basis exists to pursue a third-party action against a federal actor in order to trigger the representative U.S. Attorney’s certification and remove such claims under the Westfall Act, say Michael Blumenfeld and Jonathan Singer of Miles & Stockbridge PC.

  • Beyond Citigroup: A Look At Corporate Settlements

    Kirsten Mayer

    A decision in Better Markets Inc. v. United States Department of Justice may provide more clarity on the scope of Executive Branch discretion in resolving corporate cases and whether there is any role for “public interest” litigation in such matters, say attorneys with Ropes & Gray LLP.

  • Powerful Tools For Discovery And Litigation Strategy

    Nathalie Hofman

    Analytics offer opportunities for refining both discovery strategy and overall litigation strategy by providing information to support better informed decisions. As an added bonus, they can result in significant cost savings, say Nathalie Hofman and Carolyn Southerland of Huron Consulting Group Inc.

  • Madoff Foreign Entanglement Ruling Unsurprising

    Michael L. Cook

    U.S. District Judge Jed Rakoff’s recent decision to block the Madoff Securities trustee's ability to recover customer funds transferred abroad by foreign feeder funds is hardly novel in view of U.S. Supreme Court and Second Circuit precedent, says Michael Cook of Schulte Roth & Zabel LLP.

  • PRISM Scatters Attorney-Client Privilege

    Any attorney sending or storing confidential client information or privileged communications via the cloud may be knowingly exposing those communications to scrutiny by the U.S. government via programs such as the National Security Agency’s PRISM — and arguably, even waiving any claim of privilege as a result, say attorney Thomas Mullaney and Vaultive CEO Elad Yoran.

  • Ambiguities Remain Despite 9th Circ. AU Optronics Ruling

    Robert E. Bloch

    Unfortunately, the Foreign Trade Antitrust Improvements Act does not provide much guidance on how “direct” an effect on U.S. commerce must be for it to come within the scope of the Sherman Act, and subsequent case law — including the recent Ninth Circuit AU Optronics ruling — has not settled the issue, say attorneys with Mayer Brown LLP.

  • 2nd Circ.'s Not-So-Subtle Wink To District Court Judge

    Jed M. Silversmith

    In United States v. Park, the Second Circuit handed the government a rare victory by vacating a district court's probationary — rather than prison — sentence for tax fraud, but the government’s victory may be pyrrhic, says Jed Silversmith, of counsel at Blank Rome LLP and a former federal prosecutor.

  • First MCDC Settlement Leaves Much To Be Desired

    Paul S. Maco

    The U.S. Securities and Exchange Commission’s settlement with a California school district — the first under the new Municipalities Continuing Disclosure Cooperation initiative — is significant for what it does not do, say attorneys with Bracewell & Giuliani LLP.

  • OPINION: Let's Financially Reward Law Firm Diversity

    Patricia K. Gillette

    It only took the threat of a 10 cent cost increase to make people bring their own bags to Bay Area grocery stores. What if we gave partners an extra $10,000 for increasing diversity in their firms? asks Orrick Herrington & Sutcliffe LLP partner Patricia Gillette.