A former CIA agent was convicted of espionage Monday by a Virginia federal jury for releasing classified information to New York Times reporter James Risen that was later published in Risen's 2006 book, "State of War: The Secret History of the CIA and the Bush Administration."
A Florida federal judge on Monday approved a consent judgment against former TD Bank regional vice president Frank Spinosa, who was accused by the U.S. Securities and Exchange Commission of defrauding investors as part of attorney Scott Rothstein's $1.2 billion Ponzi scheme.
Latham & Watkins LLP has hired a veteran federal prosecutor from the Securities and Commodities Fraud Task Force of the Southern District of New York.
The U.S. Securities and Exchange Commission on Monday asked the Second Circuit for leave to file an amicus brief in Manhattan U.S. Attorney Preet Bharara's appeal for an en banc review of the landmark ruling that vacated the insider trading convictions of two hedge fund managers.
Convicted securities fraudster Jeffrey Charles Bruteyn has asked the nation's top court to review his 25-year prison sentence for bilking investors out of $50 million, pointing out that the “leader” of the AmeriFirst Funding Corp. scam, the defunct company's owner Dennis Woods Bowden, received a sentence nine years shorter.
A Pennsylvania attorney who pled guilty over his role in the Luzerne County “kids for cash” scandal and has been suspended from practicing law since 2009 had his formal resignation from the bar accepted on Friday.
A former Simpson Thacher & Bartlett LLP clerk was arraigned Monday on securities fraud charges over his role in an alleged $5.6 million insider trading scheme that utilized confidential information on impending deals handled by the firm.
The Fourth Circuit ruled Monday that Virginia's former governor, Bob McDonnell, can wait to begin serving his two-year sentence for accepting gifts in exchange for promoting a donor's health supplement while he appeals it.
The accountant for Pennsylvania and New Jersey restaurant chain Nifty Fifty’s on Monday pled guilty to helping the business hide more than $15 million in revenue from the IRS.
The U.S. Supreme Court on Monday summarily refused to hear an appeal by a former BP PLC executive accused of lying about how much oil was spilling after the Deepwater Horizon disaster, letting stand a Fifth Circuit ruling that revived a criminal obstruction of Congress charge against him.
Orrick Herrington & Sutcliffe LLP has added a reputed criminal defense lawyer and a cybersecurity expert who served together at DLA Piper as partners in its white collar and corporate investigations group in Seattle, Orrick told Law360 on Friday.
A Washington businessman convicted in a political scandal involving former District of Columbia Mayor Vincent Gray has accused the district of setting illegal Medicaid health care reimbursement rates to destroy his managed care organization, DC Chartered Health Plan Inc.
The Washington Supreme Court on Thursday overturned a murder conviction in a deadly armored car robbery after finding that a PowerPoint presentation used in the prosecution's closing argument that repeatedly declared the defendant “guilty of premeditated murder” was inflammatory and prejudicial.
Two former business partners were sentenced Friday in Illinois federal court to nearly identical prison terms, each more than six years, for bilking investors out of $30 million through their phony telecommunications company.
An Indiana federal judge said Thursday that the Federal Deposit Insurance Corp., as receiver for Integra Bank NA, can recover up to $15.2 million from Fidelity and Deposit Co. of Maryland in a suit seeking coverage for losses from loans to Ponzi schemer Lou Pearlman.
A New York appeals court said Thursday that it wasn’t clear whether KeyBank NA could seek coverage under a fidelity bond issued by National Union Fire Insurance Co. of Pittsburgh, Pa., for losses after a KeyBank employee mishandled a $20 million loan to a developer, because questions remained as to the employee’s intent.
The Pennsylvania Supreme Court has stepped in to evaluate the legitimacy of the appointment of a special prosecutor to investigate Attorney General Kathleen Kane over the alleged leak of confidential data, but experts say she could still face charges even if the high court rules in her favor.
A Virginia federal jury Wednesday acquitted a former CIA agent who allegedly leaked government secrets to a New York Times reporter of mail fraud, while the agent argued in a brief filed Friday that venue for the remaining nine counts cannot lie in the state’s Eastern District.
The head of the U.S. Department Of Justice's Public Integrity Section, which recently secured the corruption convictions of former Arizona U.S. Rep. Rick Renzi and former Virginia Gov. Robert McDonnell, will step down from his post at the end of the month, a DOJ spokesman confirmed Friday.
The whistleblower in a Medicare billing False Claims Act suit against two principals of a hyperbaric oxygen therapy provider asked a Texas federal judge Thursday to grant her partial summary judgment, arguing the defendants’ related convictions for health care fraud estop them from denying her allegations.
The U.S. Department of Justice's recent civil action against Honduran government official Mario Roberto Zelaya Rojas serves as a reminder to corporations and individuals abroad how easily even wholly foreign criminal conduct may come within the reach of U.S. law enforcement authorities, say Kathleen Hamann and David Courchaine of White & Case LLP.
On Friday, the U.S. Attorney’s Office for the Southern District of New York decided to seek appellate review of several aspects of the recent insider-trading decision in U.S. v. Newman and Chiasson. En banc rehearing petitions are rarely granted in any circuit, and are particularly rare in the Second Circuit, which hears the fewest number of rehearings of any circuit in the country, say Eugene Ingoglia and Gregory Morvillo of Morvillo LLP.
The scrutiny surrounding Foreign Corrupt Practices Act compliance is about to become even sharper with a recent report that the FBI will triple the number of agents dedicated to investigating potential violations. The increased manpower, coupled with the U.S. Securities and Exchange Commission’s continued investment in data analytics tools, sends a strong message, say members of StoneTurn Group LLP.
We trust our law firms with huge amounts of data, whether in or out of discovery, investigations or litigation. All too often, we have relied on privilege, confidentiality and attorney ethics as a proxy for data protection and information security. But in fact, law firms ought to be held to a much more stringent standard — and in-house counsel would be wise to begin with a number of specific inquiries, says legal industry consultan... (continued)
While the world of patentable subject matter shrinks, the world of trade secret protection may be expanding, say attorneys with Faegre Baker Daniels LLP.
After a relatively quiet third quarter in which there was only one corporate settlement of a Foreign Corrupt Practices Act enforcement action, 2014 ended with a flurry of activity, including the largest criminal penalty ever levied under the FCPA. Resolutions in the second half of the year highlight the value the agencies place on timely self-disclosure, full cooperation and remediation, say attorneys with Mayer Brown LLP.
President Obama used the powerful State of the Union platform to advocate for new privacy legislation previously outlined during the days leading up to the address. The speech may have marked a new phase in the political discourse concerning privacy and cybersecurity, say attorneys with Jones Day.
It is unlikely that the White House's recent proposal will do much to satisfy critics of the Computer Fraud and Abuse Act since the proposal not only increases the penalties for certain types of cybercrime, but also resolves the current circuit split by explicitly providing that breaching a written restriction on computer use is a crime, says Peter Toren, a partner with Weisbrod Matteis & Copley PLLC and former federal prosecutor.
In December, the U.K. Serious Fraud Office secured its first conviction under the Bribery Act and its first contested conviction of a corporation under the Prevention of Corruption Act. Although the cases do not involve vast sums of money or household names, they are the first signs that the SFO is beginning to deliver on promises of greater and more significant enforcement, say attorneys with Steptoe & Johnson LLP.
In the long run, we may look back at 2014 as sort of a tipping point — the year that the U.S. Department of Justice Antitrust Division proved not only its intent to pursue individual executives who engaged in cartel conduct, but also its ability to do so effectively on a global basis, say attorneys with Mayer Brown LLP.