Two companies that insured municipal bonds issued by Jefferson County, Ala., have defeated JPMorgan Chase Bank NA's attempt to dismiss their suits, which seek more than $750 million in damages for bribes the bank allegedly paid local officials.
U.S. Senate Republicans have derailed Bryan Cave LLP partner James M. Cole's nomination for deputy attorney general, with a late push for unanimous consent failing due to concerns over the nominee's ties to American International Group Inc.
A Swiss banker who once worked for UBS AG has pled guilty to conspiring to help an American client evade paying his taxes by keeping his money in an undisclosed account at a Swiss regional bank.
A judge has blocked accused fraudster Kenneth Marsh's bid for summary judgment in a case brought by the U.S. Securities and Exchange Commission over an alleged $17.5 million investment scheme.
Without adequate funding for indigent defense, the criminal justice system begins to resemble two different systems: one for indigent defendants and one for those who can afford counsel, says A. Brian Albritton, co-chairman of Phelps Dunbar LLP's white collar defense and government investigations practice group.
A judge on Wednesday sentenced a former UBS AG investment banker to the time he has already spent in federal custody for passing along inside tips to friends in whose cases he subsequently served as a government witness.
Halliburton Co. is saying it will pay $35 million to settle bribery charges brought by the Nigerian government over billions of dollars in natural gas contracts, at odds with an earlier Nigerian report that put the settlement at $250 million.
PPG Paints Trading Co. Ltd., a Chinese subsidiary of U.S.-based PPG Industries Inc., has pled guilty to conspiring to violate U.S. export laws by delivering coating materials to Pakistan for use in nuclear reactors, agreeing to pay a total of $3 million in criminal and civil fines.
American Apparel Inc., which is facing investigations by the U.S. Securities and Exchange Commission and U.S. attorneys in New York into Deloitte & Touche LLP's July resignation as the retailer's accountant, has denied withholding financial information from the accounting firm.
A federal judge on Wednesday sentenced foreign currency trader Beau Diamond to more than 15 years in prison for allegedly bilking investors out of more than $37 million.
GlobeTel Communications Corp. has agreed to shell out a $300,000 civil penalty, hire a chief financial officer and establish an audit committee in order to duck out of the U.S. Securities and Exchange Commission's lawsuit accusing the company and a group of its former employees of faking $119 million in revenues.
A former UBS Securities LLC investment banker has pled guilty to allegations that he handed out tips on upcoming health care industry mergers as part of an insider trading ring, a scheme that netted him about $1 million in illicit profits.
A federal judge has sentenced three men to probation in a conspiracy case that charged the trio with failing to maintain proper records for a Florida cargo ship that was leaking oil into the ocean.
Government investigations, public corruption cases and federal False Claims Act lawsuits focused on health care should increase in the near future, says Richard H. Blake, chairman of Bricker & Eckler LLP's white collar defense and investigations practice group.
A Chicago tax lawyer and former Seyfarth Shaw LLP partner has hit back against government allegations that he used distressed Brazilian debt to illegally lower his customers’ reported income and rack up more than $370 million in sham tax deductions.
New York Attorney General Andrew Cuomo’s lawsuit over Ernst & Young LLP's alleged role in the collapse of Lehman Brothers Holdings Inc. has raised the specter of Arthur Andersen LLP, with some predicting the case could push the accounting giant toward similar troubles.
A British court has fined BAE Systems PLC £500,000 ($750,000), concluding a six-year investigation into allegedly suspicious payments the U.K. defense contractor made to a businessman in a bid to win a contract to build a military-grade radar system for Tanzania.
Bernard L. Madoff's former employee Annette Bongiorno reported to jail Tuesday after a federal judge revoked her $5 million bail on the grounds that she was a flight risk.
Two former executives of Miami-based telecommunications company Latin Node Inc. face Foreign Corrupt Practices Act and other charges for allegedly paying more than $500,000 in bribes to Honduran officials over an interconnection agreement for long-distance services.
A federal judge has sentenced a former computer parts company executive to 15 years in prison and a former Best Buy Co. Inc. employee to 7 1/2 years behind bars for their alleged roles in a scheme that defrauded the electronics retailer out of approximately $32.8 million.