White Collar

  • October 23, 2014

    'Jersey Shore' Star Arraigned In $9M Tax Situation

    Former "Jersey Shore" star Mike “The Situation” Sorrentino and his manager were arraigned Thursday in New Jersey federal court on indictment for tax fraud, conspiracy and failure to file taxes on $8.9 million in income.

  • October 23, 2014

    Pa. Officials Ask High Court to Keep $60M NCAA Suit Rolling

    Two Pennsylvania government officials are asking the state’s Supreme Court to deny the NCAA’s request to toss a suit over a $60 million consent decree with Penn State University related to the Jerry Sandusky child sex abuse scandal, saying the NCAA is seeking special treatment in the case.

  • October 23, 2014

    Ecuadoreans Take Chevron To International Criminal Court

    Rainforest communities in Ecuador have asked the International Criminal Court in the Hague to investigate alleged efforts by Chevron Corp. chief John Watson to obstruct court-ordered cleanup of toxic contamination in the Amazon, calling the company’s delays an attack on a civilian population, the advocacy group Amazon Watch said Thursday.

  • October 23, 2014

    Ex-Philly Traffic Court Judge Charged For Accepting Bribe

    A federal grand jury has charged former Traffic Court Judge Thomasine Tynes with bribery and other corruption charges for allegedly accepting a $2,000 Tiffany & Co. bracelet from a confidential informant who told the judge he was seeking a collections contract from the court.

  • October 23, 2014

    SEC Settles Case Against Alleged Rothstein Fraudster

    The U.S. Securities and Exchange Commission has settled its case against investment manager George Levin, just two days before a Florida trial in the suit accusing him of defrauding investors by contributing millions to now-imprisoned Scott Rothstein's $1.2 billion Ponzi scheme.

  • October 23, 2014

    Backstreet Boys To Recover Master Tapes In Settlement

    The Backstreet Boys have finally put to bed their bankruptcy dispute with boy-band entrepreneur Lou Pearlman and will be given back many masters as well as some cash.

  • October 23, 2014

    Takata Faces Federal Probe Over Exploding Air Bags

    Takata Corp. is reportedly being investigated by federal prosecutors in New York for supplying defective air bags that recently prompted the National Highway Traffic Safety Administration to issue a warning to owners of more than 7 million vehicles in the U.S.

  • October 23, 2014

    Scientists Can't Shake $10M Gov't Contract Fraud Charges

    A Florida federal judge on Wednesday refused to dismiss an indictment against two scientists charged with fraudulently obtaining $10 million in government research grants through wire fraud and identity theft, saying there was no prosecutorial misconduct in the handling of the case.

  • 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.

Expert Analysis

  • DOJ's 1st Anti-Spoofing Prosecution Reflects 2 Trends

    Marcus Christian

    The prosecution of Michael Coscia of Panther Energy Trading LLC is the first by the U.S. Department of Justice under the anti-spoofing provision of the Commodity Exchange Act. Given the current trends and dedication of substantial DOJ and Commodity Futures Trading Commission resources to commodities and securities fraud investigations, it would appear that more prosecutions are likely, say attorneys with Mayer Brown LLP.

  • Benefits Of Compliance: US Antitrust Vs. Other Approaches

    Douglas Tween

    In a pair of disappointing recent speeches, leading U.S. antitrust enforcers stated that a company's pre-existing compliance program is not a basis for a reduction in punishment for a cartel offense, which stands in stark contrast to the position of other components of the U.S. Department of Justice and recent draft guidance issued by Canada, say Douglas Tween and Arlan Gates of Baker & McKenzie LLP.

  • 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.