Before joining the bench, Judge Carl Rubin had several opportunities to appear before my grandfather — also a judge — and I have a feeling that things may not have gone so well for then-attorney Rubin. I say that because Judge Rubin seemed to take pleasure in making life difficult for another then-young attorney named Kohnen: me, says Ralph Kohnen, a partner in the Cincinnati office of Taft Stettinius & Hollister LLP.
The trustee overseeing recovery for Bernard L. Madoff's victims lost a fight Friday to keep a $1 billion lawsuit against the owners of the New York Mets in a New York bankruptcy court, with a federal judge ruling the case belongs in his ballpark.
An Indiana jury on Thursday ordered State Farm Fire and Casualty Co. to pay $14.5 million to a construction company it had accused of criminal insurance fraud.
Federal prosecutors on Friday attacked a bid by a former cargo company executive, accused of conspiring to hike prices on air freight shipments between the U.S. and Latin America after hurricanes Rita and Katrina, to have his Florida case dismissed.
Three individuals accused of participating in a $7 million fraud pled not guilty Friday in Missouri to peddling shares of bogus oil company Petro America Corp. to investors.
An Irish online poker company shut down by federal prosecutors in the U.S. will soon be sold to a group of European investors, according to a report Friday.
A former board member of failed Sky Capital Holdings Ltd. testified Friday in the New York securities fraud trial against the company's founder that the company was running up expenses on hotels, limousines and strip clubs even as it was collapsing.
The Fourth Circuit on Thursday said a lower court shouldn't have overturned a jury's conviction of two North Carolina Masonic lodge officers and an insurance executive accused of lying to Masons about an insurance program, clearing the way for a new trial.
Christopher Cello Smith, the brother of the ringleader of the $13.4 million Target Oil & Gas Corp. investor fraud, was sentenced to a five-year prison term Thursday by a Kentucky federal judge.
Sherman & Howard LLC on Friday announced its expansion into the criminal defense field, absorbing white collar and criminal trial firm Tegtmeier Bednarski LLC into its Colorado Springs, Colo., office.
The D.C. Circuit ruled Friday that the FBI rightly redacted portions of its reply to a Freedom of Information Act request by a former board member of Worthington Foods Inc. who was convicted of trading on nonpublic merger information.
The federal government launched parallel civil and criminal suits in Florida on Thursday against three executives and a penny stock promoter for allegedly using kickbacks and bribes in microcap trading schemes.
Hedge fund Level Global Investors agreed to pay $3.2 million on Wednesday to settle claims that it short-sold Goldman Sachs Group Inc. and Regions Financial Corp. stock too soon after purchasing it, in violation of federal securities law.
A New York federal judge on Thursday postponed a sentencing hearing for convicted insider trader and Galleon Group LLC founder Raj Rajaratnam to September.
A former Advanced Micro Devices Inc. manager admitted in a New York federal court on Thursday to giving hedge funds inside information about the company's finances while serving as a consultant through expert-networking firm Primary Global Research LLC.
Federal prosecutors said Thursday that eight real estate investors have agreed to plead guilty in California to a scheme in which they kept property sale prices low by collaborating not to bid against each other at public foreclosure auctions.
A Texas businessman pled not guilty Thursday to allegations that he and a former county commissioner funneled kickbacks to a former state judge to secure subcontracting work as part of a $3.2 million federally funded cleanup following Hurricane Ike.
Former Massachusetts House Speaker Salvatore F. DiMasi on Wednesday sought a new trial or the toss of his conviction of accepting bribes to help two software companies score multimillion-dollar contracts with the state, saying the court allowed hearsay into evidence.
A Prince George's County, Md., councilwoman admitted Thursday she tampered with evidence in a federal grant money bribery case against her husband, the county's former top executive, when she flushed a $100,000 check down a toilet.
An Illinois federal judge on Wednesday sentenced a former Chicago floor trader to five years in prison and ordered him to pay more than $2 million in restitution for cheating customers out of profits from the sale of Treasury futures.