A former Ropes & Gray LLP associate, who pled guilty to accepting $32,500 in kickbacks as part of the Galleon Group insider trading scheme, has been disbarred by a panel of the New York Supreme Court’s Appellate Division.
The head of the U.S. Department of Justice's Criminal Division may have come down hard on companies in his comments Tuesday about heightened foreign bribery prosecutions, but the stern warnings still aren't enough to compel businesses to come forward, experts say.
A former Koss Corp. executive who embezzled $34 million from the headphones manufacturer and spent the money on shopping sprees, Hawaii time-shares and home improvements was sentenced Wednesday to 11 years in prison.
Former executives of General Reinsurance Group urged an appeals court on Wednesday to reverse their fraud convictions associated with a $500 million accounting scandal at American International Group Inc., alleging prosecutors misrepresented facts to the jury.
A federal judge has limited discovery in a consolidated antitrust fight claiming tomato processors fixed prices in the U.S. market, ruling that unfettered discovery now could interfere with a parallel criminal case against the former CEO of SK Foods LP.
A former Ford Motor Co. engineer pled guilty Wednesday to fleeing to China with as much as $100 million in stolen Ford trade secrets, and could face more than six years in prison.
A former SiRF Technology Inc. software developer has been arrested for allegedly stealing proprietary source code from the San Jose, Calif.-based company and recruiting other SiRF employees to assist him with the alleged scheme.
L-3 Communications Integrated Systems LP is seeking to question Darleen Druyun, who served as the U.S. Air Force's top procurement official before pleading guilty to violations of conflict of interest laws, in a suit over her decision to award two aircraft contracts to Lockheed Martin Aeronautics Co.
Prosecutors want foreign currency trader Beau Diamond to serve at least 17 years in prison for bilking investors out of more than $37 million in a Ponzi scheme.
A federal judge has ordered the U.S. attorney in Kansas to respond to the former executive vice president of Westar Energy Inc.'s request that the government expunge all records of his arrest because fraud claims against him were dismissed.
A federal appeals court has refused to stop the upcoming trial of three former construction company executives accused of falsifying invoices to secure inflated loans and tax credits, claiming it cannot rule on the validity of a district judge’s decision to bat down a plea agreement until after the defendants are tried.
The Federal Deposit Insurance Corp. is targeting former executives and officers at failed U.S. banks as part of approximately 50 criminal investigations being carried out by the agency, an FDIC official confirmed Wednesday.
The Sydow Firm LLP, which represents accused Ponzi schemer Robert Allen Stanford, is insisting that Lloyd's of London and its lawyers at Akin Gump Strauss Hauer & Feld LLP are trying to weasel out of some $650,000 in legal bills the insurer allegedly owes for Stanford's defense.
A federal judge has set bail at $3 million for Yves M. Benhamou, a French doctor accused of helping a hedge fund avoid $30 million losses by passing along tips about trials for Human Genome Sciences Inc.'s drug Albuferon.
The U.S. Department of Justice has charged the president of Tri-Star Holdings Inc. with offering kickbacks to a pension fund fiduciary for buying millions of shares in the purported gold mining company at inflated prices.
In the white collar practice, a culture of cooperation with the government has developed and the “play” too frequently utilized is to fully cooperate with the government and then to beg for mercy. Defense lawyers need to be tougher and more willing to call the government’s bluff, says Chad D. Williams, a leader in Davis Graham & Stubbs LLP's white collar criminal litigation practice.
Quadrangle Group LLC, the former private investment firm of financier Steven Rattner and a target of a prior probe into a pension fund kickback scheme, has reportedly received a subpoena from New York Attorney General Andrew Cuomo seeking information about Rattner’s compensation when he left the company.
A federal judge has sentenced a former professional baseball player to nine years in prison for participating in a $50 million Medicare fraud scheme.
A federal judge on Tuesday sentenced the former treasurer of Puerto Rico-based banking firm Doral Financial Corp. to five years in prison for crimes associated with lying about the financial health of his company, which ultimately cost investors roughly $4 billion.
The former CEO of a South Texas construction company has been sentenced to seven years in prison and ordered to pay $40 million in restitution for a scheme to fraudulently obtain bank loans to finance company projects.