A French doctor has been arrested in the U.S. and charged with insider trading for allegedly passing confidential information he gained from clinical trials to a portfolio manager who used it to avoid $30 million in losses.
The former chief financial officer of United Rentals Inc. was sentenced Tuesday to three years of probation and ordered to pay restitution of more than $1 million for making false filings with the U.S. Securities and Exchange Commission.
Disgraced Michigan political consultant Samuel L. Riddle Jr. has asked for a court-appointed attorney to help him take a battle to withdraw his guilty plea in a bribery and extortion scandal to the U.S. Court of Appeals for the Sixth Circuit.
Prosecutors and defense attorneys are sparring over post-trial acquittal motions filed by convicted Chitron Electronics Inc. executives who say they simply misunderstood America’s arcane export laws when they illegally exported computer chips used in radars and other military equipment to China.
Prosecutors have said ex-Duane Reade CEO Anthony Cuti, who was convicted of a scheme to artificially inflate the value of his New York-based drugstore chain, should serve the full 17 1/2-year minimum prison sentence called for under federal guidelines.
The U.S. government has decided to hold separate trials for an investor accused of insider trading and two former Dick's Sporting Goods Inc. executives accused of extorting businesses out of millions of dollars, ruling that the charges are not connected, even if some of the defendants are.
Amendments to the False Claims Act, a growing and sophisticated relator’s bar, expanded investigatory resources and the breadth of federally funded programs all point to a significant increase in criminal and civil false claims cases in all areas, says Eric W. Sitarchuk, chairman of Morgan Lewis & Bockius LLP's corporate investigations and white collar practice group.
Facing a recommended five years in prison for a securities fraud conviction, William Tennant, former chief financial officer of Duane Reade Inc., is asking a federal judge to spare him a prison sentence in favor of probation.
Galleon Group founder Raj Rajaratnam on Monday fired back at prosecutors' opposition to his bid to suppress wiretap evidence in his insider trading case, saying that the government's argument that it did not deceive a federal judge in procuring permission for this wiretap was “a model of misdirection.”
Colorado hedge fund manager Sean Mueller pled guilty on Monday to charges stemming from a $71 million Ponzi scheme that ensnared 65 investors, including former Denver Broncos quarterback John Elway.
A federal appeals court has declined to reconsider a panel’s ruling that a Louisiana political operative can be questioned about his prior bribery and obstruction of justice convictions if he testifies during his trial in a separate racketeering case.
Lawyers for Jeffrey Skilling, who is serving a 24-year sentence on charges that he brought down Enron Corp. through fraud, asked a federal appeals court Monday to reverse a 19-count conviction deemed invalid because of the U.S. Supreme Court’s decision in June to rein in the scope of honest services fraud.
The trustee overseeing the bankruptcy of Bernard Madoff's investment firm has recovered about $1.5 billion for victims of the infamous Ponzi scheme, but recovery lagged far behind expenses during the second and third quarters of this year.
Two judges in the case of a Utah investment guru and Web radio personality charged with running a $100 million Ponzi scheme have recused themselves, one following claims by the defense that he had consulted with the state agency investigating the defendant before the case was brought in federal court.
A mass torts attorney jailed for his alleged role in millions of dollars worth of fraudulent claims for fen-phen settlement funds has been formally banned from practicing law in the U.S. Supreme Court.
All Nippon Airways Co. Ltd. has agreed to pay $73 million to resolve criminal charges that the Japanese airline conspired to fix rates for international air cargo shipments and to fix unpublished passenger fares for U.S. tickets.
As the corruption trial of ex-lobbyist Kevin Ring enters its third week, prosecutors and the defense team continue to spar over whether statements Ring made to the FBI prior to his indictment should be admitted as evidence.
Lawyers pushing for a new trial for George Georgiou, who was convicted of securities fraud in February, have accused U.S. prosecutors of suppressing evidence that a key witness had a history of psychiatric problems and cocaine abuse.
A businessman convicted of bid-rigging in September after his company won a $1.7 million contract to repair plastic garbage carts used by residents of Chicago has asked for an acquittal or a new trial, claiming the government "fell woefully short" of proving its case.
The recent increase in enforcement of the Foreign Corrupt Practices Act combined with a lack of judicial oversight and rulings on the law have made U.S. businesses less competitive in foreign markets and burdened them with high costs of compliance, according to a recent white paper commissioned by the U.S. Chamber of Commerce’s Institute for Legal Reform.