Government prosecutors have shot back at a motion from a former principal of Mutual Benefits Corp. accused of orchestrating an $837 million insurance scam to sever his case from his former lawyer’s so the attorney can testify on his behalf.
Negotiating a global settlement when the U.S. Department of Justice, the Securities and Exchange Commission and other authorities all want a piece of your client can be a herculean struggle given the conflicting priorities, goals and personalities of the wolves at the door. But there are steps lawyers can take to help their clients lay the groundwork for reaching a deal with everyone, according to experts who spoke with Law360.
Federal prosecutors are opposing an immunity bid for a Malaysian man to travel to the U.S. to testify for a colleague charged with leading a conspiracy to illegally export military hardware, arguing that only the U.S. Department of Justice — not a judge — can grant the request.
A federal judge has refused to preclude the criminal forfeiture of a number of bank accounts, stocks and Krugerrands belonging to convicted fraudster David Brooks, former CEO of body armor maker DHB Industries Inc., but has reserved judgment on a number of other items.
New York's highest court has ruled against expanding third-party liability in cases in which a corporation's management engaged in financial fraud that was either assisted or missed by outside advisers, shutting down arguments brought by creditors of the now-defunct commodities trading firm Refco Inc. and shareholders of American International Group Inc.
There needs to be a legislative change or a new policy to ensure that criminal defendants can obtain counsel without the legal fees being seized by the government, says Marty Steinberg, co-chair of Hunton & Williams LLP's commercial litigation practice group.
U.S. prosecutors are seeking to dismiss a criminal tax evasion case against UBS AG more than a year after the Zurich-based bank agreed to pay a fine of $780 million and hand over information on clients suspected of skipping out on paying taxes.
Accused $8 billion Ponzi schemer Robert Allen Stanford has fallen far short of proving that ceaseless media coverage has hopelessly biased a Houston jury pool against him, government prosecutors have said.
A former Boeing Co. mechanic was sentenced on Friday to three years in prison and $2.2 million in restitution for allegedly running a $4 million Ponzi scheme premised on a bogus aircraft refurbishment company.
A federal judge has refused to dismiss a case against accused inside trader Daniel Corbin after he claimed that he was not party to a crime because his alleged co-conspirator broke no recognized fiduciary relationship when he passed along confidential information learned from his wife, a communications manager for major companies.
An attorney for Ecuadorean plaintiffs accusing Chevron Corp. of shirking its responsibility to clean up contamination in the Amazon has been ordered to face questions about communication with a court-appointed environmental assessor and his role in sparking a criminal case against two Chevron lawyers.
A federal judge has ordered government contractor Roy David Williams to begin serving a 30-month prison term as he waits for a circuit court to decide whether to rehear his appeal of a 29-count conviction for defrauding a U.S.-owned nuclear weapons facility.
Syncrude Canada Ltd. announced Friday that it would pay CA$3 million ($2.9 million) in a criminal case over a 2008 incident that led to the death of about 1,600 birds on a pond used to hold residue from extracting bitumen from western Canada's oil sands.
Former Illinois Gov. Rod Blagojevich's second corruption trial will begin April 20 after a federal judge on Friday agreed to stay the proceedings, according to a source close to the case.
A federal judge has thrown out a proposed class action against an investment firm that forwarded assets to feeder funds of Bernard L. Madoff Securities LLC, saying plaintiffs failed to support claims that Family Management Corp. should have known better.
Prosecutors have indicted two executives at electrical engineering company Lindsey Manufacturing Co. on charges they took part in a scheme to bribe Mexican officials at the country’s state-owned utility company.
A federal judge has refused to reduce the 10-year sentence handed down to Roger Faulkenberry, a former vice president at National Century Financial Enterprises Inc., despite an appeals court ruling that nixed money laundering convictions against him.
Bobby Jay Elkin Jr., who admitted to paying bribes to foreign officials to win business in Kyrgyzstan for a Virginia-based tobacco company where he served as an executive, has been sentenced to three years probation.
When money is tight, state and local governments look for ways to find it in the private and public sector. Watch out for stepped-up enforcement of tax, antitrust, false claims and government procurement fraud. Throw in a little health care fraud to boot, and there you have it, says Daniel C. Oliverio, a leader in Hodgson Russ LLP's business litigation practice group.
Attorneys for convicted fraudster Laurence Isaacson have renewed their request for an acquittal or a new trial in a case alleging their client helped bilk investors of more than $500 million, blasting prosecutors for cherry-picking testimony from the trial in an effort to preserve their conviction.