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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.