In a recess appointment by President Barack Obama, former Bryan Cave LLP partner James Cole was sworn in as deputy attorney general at the U.S. Department of Justice on Monday, just a few days after Senate Republicans blocked his confirmation.
A Mississippi court has tossed a trade secrets suit brought by Eaton Corp., saying it was the only appropriate sanction when the power management company allegedly hired an attorney to try and improperly influence the case's former judge, who is now in prison.
A federal judge has signed off on a $45 million settlement between telecommunications equipment provider Alcatel-Lucent and the U.S. Securities and Exchange Commission over allegations that the company engaged in bribery of government officials around the world to secure business contracts.
Liberty Mutual Insurance Co. on Monday announced it would pay $7.5 million to settle bid-rigging and kickback claims from New York and Connecticut officials.
A California woman who was arrested last week and charged with selling confidential financial information about computer parts makers Marvell Technology Group Ltd. and Nvidia Corp. to two hedge funds was denied bail on Monday.
The former operations director for bankrupt Bernard L. Madoff Investment Securities LLC is seeking to dismiss his criminal case, claiming the U.S. government is improperly trying to restrain his assets and deny him access to counsel.
SNR Denton announced on Monday that it had bolstered its ranks with the addition of four new partners to its white collar, intellectual property and commercial real estate practice groups, including former four-term U.S. Rep. Artur Davis, D-Ala.
Steven Rattner, the investment banker allegedly tied to a kickback scheme involving New York state's pension fund, has agreed to settle the civil claims against him for $10 million, ending a three-year corruption investigation that resulted in criminal guilty pleas from the state's former comptroller and seven others.
The white collar area could use some reform regarding Fifth Amendment issues. The inference of guilt attendant to exercising one’s right to remain silent — despite instructions to the contrary — is a crushing burden, says Patricia Brown Holmes, a leader in Schiff Hardin LLP's white collar crime, internal investigations and corporate compliance practice group.
The federal government has lost a bid to revoke Kenneth Ira Starr’s $10 million bail, despite its argument that the jailed money manager had failed to prove he wouldn’t flee before his Feb. 2 sentencing for fraud.
With federal prosecutors showing a newfound willingness these days to use undercover sting tactics in white collar cases, attorneys say 2011 will be the year to see whether those methods — and the cases themselves — can hold up in court.
The U.S. Supreme Court's ruling on the honest services statute in the Skilling case was without a doubt the most important one for white collar lawyers in 2010, but several other key rulings from the year saw lower courts chipping away at the legal tools of prosecutors.
With the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, white collar attorneys will have their hands full in 2011 as they try to guide their clients through a labyrinth of new rules on everything from whistleblowers to hedge fund registration.
The end result of the Dodd-Frank Act's whistleblower provision is likely to be mixed. Additional illegal conduct might be caught, but regulators could also be overwhelmed by cases better dealt with by good corporate governance, says Daniel J. Kramer, co-chairman of Paul Weiss Rifkind Wharton & Garrison LLP's securities litigation and enforcement group.
A California-based technology consultant has pled guilty to conspiracy and securities fraud charges, the latest development in the government's broadening probe into insider trading by so-called expert analysts.
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.