The European Union’s justice commissioner on Monday argued that an agreement on transatlantic data sharing for criminal investigations should open the U.S. government to legal action from EU citizens alleging wrongful e-snooping, saying the concession would “restore trust” frayed by the government spying scandal.
There are more arrogant law firms than in years past, according to a new survey of corporate counsel, but one familiar firm has risen above them all.
The number of law firms that Fortune 1000 clients say offer excellent client service grew by 9.8 percent over the past year, a sign that firms with broader services are separating themselves from the competition, according to a new survey of corporate counsel.
Attentive client service, not size, continues to be the critical factor for general counsel at the world's largest corporations, according to a recent survey of corporate counsel, who gave top marks to a mix of large and midsize law firms.
A New York federal judge on Friday rejected the government's request to halt discovery in the civil suit against former SAC Capital Advisors LP manager Mathew Martoma pending the resolution of Martoma's criminal trial, saying prosecutors had failed to show they would suffer prejudice without a stay.
A New Jersey construction company owner pled guilty midtrial on Thursday to a federal fraud-related count, admitting to his role in a scheme to funnel $350,000 in bribes to a state official and port terminal operator in exchange for help securing lucrative contracts.
A Florida maintenance worker has asked the U.S. Supreme Court to overturn his conviction in an alleged pay-to-play conspiracy with federally funded hospitals, arguing that the five-year statute of limitations clock began when he delivered a bribe of electrical generators, not when he installed them.
A former El Paso, Texas, assistant district attorney pled not guilty Thursday to charges that he had accepted cash bribes in exchange for promising to dismiss criminal cases.
Former SAC Capital Advisors LP analyst Jon Horvath will likely testify that he misled the hedge fund's compliance investigators by hiding his insider trading, prosecutors in the upcoming trial of an ex-SAC fund manager said Thursday.
A New York federal judge's decision Friday to hand Jeremy Hammond a 10-year prison term for his cyberassault on Strategic Forecasting Inc. showed she took a dim view of his political activism, lawyers said Friday, giving hope to companies grappling with protecting workers and information that the sentence will make a future attacker think twice.
Pryor Cashman LLP has landed a former federal prosecutor who went after the assets of disgraced attorney Marc Dreier and won back stolen artwork for France, bolstering the firm's white collar and art law groups in New York, it announced Thursday.
A former Republican staffer with the Pennsylvania House of Representatives filed suit in federal court Thursday alleging Gov. Tom Corbett, the state’s former attorney general, maliciously prosecuted him as part of the so-called Computergate scandal accusing legislators of using public funds to purchase campaign-related technology.
Federal prosecutors told a Michigan federal court Friday the U.S. government wants former Detroit Mayor Kwame Kilpatrick to pay $4.5 million after being sentenced to 28 years in prison for public corruption.
An Illinois federal judge sentenced the operator of a U.S.-based honey broker to three years in federal prison for his role in a scheme to evade nearly $38 million in tariffs on imports of Chinese honey into the U.S., the U.S. Department of Justice announced Thursday.
California state Sen. Ron Calderon claims in a suit filed Wednesday that federal authorities asked him to wear a wire to record conversations with other state lawmakers, then leaked an affidavit alleging he had accepted $88,000 in bribes when he refused to participate in the operation.
An Anonymous-affiliated hacker who stole data from intelligence firm Strategic Forecasting Inc. and others was sentenced Friday to 10 years in prison, after a judge rejected his argument that his so-called hacktivism was Martin Luther King Jr.-styled civil disobedience.
A Southern California insurance agent was sentenced Friday to 27 months in prison and ordered to pay over $800,000 in restitution for bilking high-profile clients including actors Tom Hanks and his wife Rita Wilson and rock musician Andy Summers.
A former Level Global Investors LP portfolio manager pled guilty in Georgia federal court on Thursday to earning the now-defunct hedge fund at least $2.5 million by trading shares of children’s clothing firm Carter’s Inc. based on inside tips from a former company executive.
A group of U.S. senators were urged during a committee hearing Thursday to rethink the punishments available for the U.S. Department of Justice to use against conspirators involved in anti-competitive cartels and to authorize bans on individuals and companies found guilty of antitrust violations.
The Eleventh Circuit on Thursday stood by its previous decision affirming the bribery conviction of a former president of the Florida Senate accused of paying off another official to secure his vote for the purchase of a soccer complex.
Deleted digital evidence can have a tremendous impact on the outcome of a trial, and understanding the most common levels of deleted files and the difficulty and cost of retrieving and producing those files is key for litigators. It will empower a requesting party to make specific requests that could be deemed reasonable, and producing parties can use this information to calculate the time and cost involved in their response, says Ken Mendelson of Stroz Friedberg.
The consequences of scorched-earth media coverage of scandals can be devastating. In a marketplace where the 24/7 news cycle and digital media make every business decision a potential landmine and the court-of-public-opinion essentially deems one guilty until proven innocent, a single news story can test or kill a brand in seconds, says Derede McAlpin of the Association of Corporate Counsel.
The IRS has had a rough several months defending allegations that it inappropriately targeted conservative groups seeking nonprofit status, wasted taxpayer money on lavish conferences, and some of its employees used agency credit cards to buy alcohol and pornography. One issue, however, has not gained much traction with the national media — the fact that the IRS may have disclosed as many as 100,000 names, addresses and social security numbers on its website, says Duston Barton of Perkins Coie LLP.
On Aug. 14, 2013, the Serious Fraud Office charged three British nationals with offenses under the U.K Bribery Act 2010. This is the first Bribery Act prosecution brought by the SFO. While it is impossible to discern a pattern from one action, this prosecution may indicate the beginning of active enforcement by the SFO. This interpretation is consistent with the uncompromising, prosecution-led stance favored by the current director of the SFO, David Green, say attorneys with Morrison & Foerster LLP.
Law firms increased their hourly rates an average of close to 10 percent between 2010 and 2012. This trend is an indicator of why corporate legal spending is so high. However, those who take the time to analyze their legal bills can attest that it’s the line items that the law firms are charging for — not the rate — that are creating exorbitant legal fees and causing significant distress, says David Paige of Legal Fee Advisors.
U.S. enforcement authorities are making creative use of the tools at their disposal in order to combat corruption worldwide, as evidenced by the use of broker-dealer examinations in the Direct Access Partners case, say Ruti Smithline and Jarod Taylor of Morrison & Foerster LLP.
Recent events demonstrate that China is increasingly aggressive in rooting out corrupt business practices. Companies should examine several aspects of their anti-corruption compliance programs, especially vetting third parties — the single biggest risk to companies doing business in China, says Z Scott of Kaye Scholer LLP.
Despite recognizing the weaknesses that make the threat of trade secret theft a reality, companies often fail to take the necessary measures to protect against it. The recent American Superconductor Corp. case is a good reminder that many companies must do more to protect their trade secrets from rogue employees with easy access to sensitive information, say Michael Bunis and Anna Dray-Siegel of Choate Hall & Stewart LLP.
When developing global strategies and pursuing acquisitions in foreign markets, management should focus on gaining an industry-specific understanding of financial reporting issues and overcoming the “check the box” mentality on Foreign Corrupt Practices Act and other due diligence issues, say Matt Medlin, Michael Braverman and Chris Ekimoff of Duff & Phelps Corp.
Individuals and companies should take civil investigative demands from the Consumer Financial Protection Bureau seriously as they have far-reaching consequences. Among other things, it is important to know that the CFPB’s investigational fact-finding might also yield potential evidence for a criminal case brought by the U.S. Department of Justice, says Allyson Baker of Venable LLP.