White Collar

  • July 1, 2016

    Quinn Emanuel To Bat For Elan Classes In SAC Trial

    The Elan Corp. shareholder classes suing now-defunct hedge fund SAC Capital Advisors LP over its insider trading scandal have hired Quinn Emanuel Urquhart & Sullivan LLP in the lead-up to a trial, according to a filing Friday in New York federal court asking to make Quinn Emanuel one of the lead class firms.

  • July 1, 2016

    Influential Women In Securities Law: Susanna Buergel

    Paul Weiss Rifkind Wharton & Garrison LLP's Susanna Buergel fought at the Second Circuit to allow Citigroup to reach a settlement with the U.S. Securities and Exchange Commission without admitting or denying the SEC's allegations, winning a landmark decision that overturned New York's Judge Jed Rakoff and helped her snag a spot as one of Law360's Influential Women in Securities Law.

  • July 1, 2016

    NY Atty Disbarred For Forging Judge's Signature

    A New York attorney was disbarred by a state appeals court Thursday for forging a bankruptcy judge’s signature on a phony 2013 order, just weeks after he was sentenced to 16 months in federal prison for the crime.

  • July 1, 2016

    Tyco Wants Attys' Fees After Win In $60M Drug Heist Suit

    After a Florida jury decided security company Tyco wasn't liable for the theft of $60 million in Prozac and Zyprexa from an Eli Lilly warehouse, Tyco asked Thursday for attorneys' fees and costs, saying it offered National Union a settlement well before a jury handed over a complete defense verdict.

  • July 1, 2016

    Dewey Ex-Chair Ordered To Pay Back $400K Loan

    A New York state judge on Friday ordered former Dewey & LeBoeuf LLP chairman Steven H. Davis to pay Citibank nearly $400,000 for a capital contribution loan he took out to help fund the now-shuttered firm before financial fraud charges were lobbed against him and other executives.

  • July 1, 2016

    2nd Circ. Won't Revive Hedge Fund's Petters Row With Costco

    The Second Circuit declined Friday to resurrect Ritchie Capital’s suit over Costco’s alleged involvement in the $3.6 billion Ponzi scheme orchestrated by Tom Petters, saying the hedge fund can’t raise a new argument at the appellate level.

  • July 1, 2016

    German Financial Regulator Opens Whistleblower Office

    Germany’s Federal Financial Supervisory Authority, or BaFin, on Friday said that it has created a centralized office for whistleblowers to report regulatory violations, calling the protection of those who report corporate wrongdoing a top priority.

  • July 1, 2016

    Spanish Trader Who Beat SEC Charges Charged With Perjury

    A Spanish man who ducked U.S. Securities and Exchange Commission charges that he engaged in insider trading involving a takeover bid for fertilizer giant Potash Corp. was indicted in Illinois federal court on Friday for allegedly lying and hiding trading proceeds during the SEC investigation.

  • July 1, 2016

    Another Chippewa Cree Man Faces Prison In Bribe Scandal

    A former official of the Chippewa Cree Tribe of the Rocky Boy's Indian Reservation pled guilty on Thursday to charges related to the tribe’s bribe-tainted purchase of an overpriced asphalt mixer in 2012, making him the latest figure to face a potential prison sentence over the scandal.

  • July 1, 2016

    Ex-US Rep. Grimm's Biz Partner Gets 6 Months For Tax Fraud

    A New York federal judge Thursday sentenced a restaurateur to six months in federal prison after he pled guilty to falsifying his tax returns in a federal investigation that also took down his business partner, former U.S. Rep. Michael Grimm.

  • July 1, 2016

    Utility Seeks To Block Records In Pipeline Blast Trial

    Pacific Gas & Electric Co. asked a California federal judge Friday to bar dozens of regulator records from its criminal trial over the deadly 2010 San Bruno pipeline blast, saying there’s no witness with the authority to add the documents to the record.

  • July 1, 2016

    Former DC Official, Mayoral Aide Faces Tax Evasion Charge

    Federal officials launched a felony tax evasion case against a former Washington, D.C., administration official on Thursday in federal court, alleging that he underreported his 2009 income by more than $200,000.

  • July 1, 2016

    Feds Blast Easing Of House Arrest For Exec Murder Suspect

    The U.S. Department of Justice has appealed a Massachusetts federal judge’s decision to loosen house arrest to a curfew for the president of the New England Compounding Center, who stands accused of murder in the deadly 2012 meningitis outbreak.

  • July 1, 2016

    Penn State Denied Quick Appeal In Sandusky Coverage Row

    A state judge on Thursday denied Penn State University’s bid for an immediate appeal of a ruling that insurance policies issued in the 1990s barred the school from coverage for settlements paid out to former assistant football coach Jerry Sandusky's sex abuse victims.

  • July 1, 2016

    Disbarred Atty Denied New Trial In Fraud Scheme

    A New Jersey federal judge on Thursday upheld the conviction of a disbarred attorney in a conspiracy to dupe individuals into investing in purported ticket resale and real estate ventures and then spend the money on illegal gambling debts and personal expenses, saying there was sufficient evidence to back up the jury's verdict.

  • July 1, 2016

    Revolving-Door Roundup: Cleary, Arnold & Porter, Covington

    Exits from public service are often more prominent than entrances, but a Cleary Gottlieb partner chosen as the new CEO of the Financial Industry Regulatory Authority reversed the trend in June, while the New York white collar market saw an influx of ex-federal prosecutors.

  • July 1, 2016

    Texas Appeals Court Won't Rethink State AG's Securities Suit

    A Texas appellate court on Thursday dismissed a request from Texas Attorney General Ken Paxton, who is facing felony securities fraud charges, to reconsider its June ruling that kept the three charges alive.

  • July 1, 2016

    Indicted Ex-Epix Exec Won't Unlock iPhone For Prosecutors

    Prosecutors seeking to pin fraud and ID theft charges on former Epix chief digital officer Emil Rensing may have to crack his encrypted iPhone in their effort to prove that he billed the movie network for $8 million in allegedly sham contracts, according to a Friday hearing.

  • July 1, 2016

    NY Atty And Wife Pay $1M For H1-B Visa Fraud Scheme

    A New York immigration lawyer and his wife, the owner of several medical staffing agencies, have forfeited $1 million after admitting to giving false information to U.S. immigration authorities when applying for H1-B visas for foreign nurses, federal prosecutors said on Thursday.

  • July 1, 2016

    Convicted Ex-Pa. Justice's Sister Loses Federal Appeal

    The sister of disgraced ex-Pennsylvania Supreme Court justice Joan Orie Melvin saw a federal judge on Thursday deny a petition seeking an appeal of her conviction on charges over the use of state employees to conduct campaign-related activity.

Expert Analysis

  • Enforcement Outlook For Foreign Banks In New York

    Matthew L. Biben

    Criminal pleas, suspension of dollar clearing, and approximately $6 billion in fines against foreign banks provide just some indication of the New York State Department of Financial Services’ increasingly rigorous enforcement. And there are a variety of indications that the agency will continue some of this approach under new chief Maria Vullo, say attorneys with Debevoise & Plimpton LLP.

  • RFP Lessons: A General Counsel's List Of Law Firm Mistakes

    Dave Sampsell

    All too often, law firm financial proposals are too complicated, making them contingent on a host of different assumptions. This makes determining the value of the proposal extremely difficult, and the odds increase dramatically that the proposal will be disregarded, says Dave Sampsell, general counsel of Digi International Inc.

  • How McDonnell Changes Public Corruption Prosecution

    Henry E. Hockeimer Jr.

    The U.S. Supreme Court's decision in McDonnell represents a continuation of the pullback from unfettered prosecutorial power begun in Skilling relating to “honest services” mail and wire fraud, say Henry Hockeimer and Thomas Burke of Ballard Spahr LLP.

  • NY Should Unify Standards For Atty Fees Against State Agency

    Matthew T. McLaughlin

    Two bills introduced in the recently ended New York legislative session, if adopted into law, will provide government entities and Freedom of Information Law practitioners with the mooring of predictable and consistent outcomes in FOIL proceedings by changing the standard for determining attorneys’ fee awards, say Matthew McLaughlin and Benjamin Argyle of Venable LLP.

  • The DOJ’s Increased Focus On Environmental Criminal Cases

    Barak Cohen

    The U.S. Department of Justice has voiced its commitment to prosecuting more criminal environmental cases. In some instances, this effort may result from more investigations or resources committed to bringing such cases. More startling, though, is that other instances reflect a change in prosecutorial discretion, so that more serious criminal cases may be brought in new contexts, say attorneys at Perkins Coie LLP.

  • How To Manage Your Law School Debt After Graduation

    Andrew Josuweit-headshot.jpg

    Student loan debt can feel overwhelming to new lawyers, especially when just getting started post graduation. Andrew Josuweit, co-founder and CEO of Student Loan Hero Inc., reviews the loan repayment plans available and discusses the best path forward for recent grads shouldering law school debt.

  • World Bank Provides New Insights Into Its Sanctions System

    Dave Nadler

    A recent World Bank report enhances the public’s and practitioners’ understanding of the World Bank’s sanctions process and suggests that the bank may be increasingly interested in settling sanctions cases, say Dave Nadler and Adam Proujansky of Blank Rome LLP.

  • The Cloud And Ethical Considerations For Lawyers

    Bradley S. Shear

    Despite regular news stories detailing the need to update our digital privacy laws and increase our cybersecurity protections, law firms and in-house legal departments should feel confident that utilizing cloud providers with strong privacy and security protections will not breach their ethical obligation to clients, says Bradley Shear of the Law Office of Bradley S. Shear LLC.

  • The Many Uses Of Shell Companies

    Glenn Pomerantz

    Most of the publicity surrounding the Panama Papers has focused on the important role that shell companies have played in the laundering of the proceeds of criminal activity and in tax evasion. Understanding how shell companies can be used to engage in criminal behavior is critical to protecting an organization. Let’s look at some of the most common schemes, say Glenn Pomerantz and Brian Mich of BDO Consulting.

  • How Lawyers Can Harness The Power Of Social Media

    Monica Zent

    It’s important to first decide what your personal brand is. Are you a crusader? A wry observer? A compassionate witness? Your social media presence doesn’t have to reflect the deepest aspects of your identity — it’s merely an image that you project, says Monica Zent, founder and CEO of Foxwordy Inc.