Already well-known as a heavy-hitter for high-profile clients in the political realm, last year Chadbourne & Parke LLP’s Abbe David Lowell scored a landmark win in the courtroom on behalf of sex scandal-plagued former presidential candidate John Edwards, beating back campaign finance charges and landing him a spot on Law360’s roster of White Collar MVPs.
A California federal judge on Tuesday rejected the former owner of Weco Aerospace Inc.'s renewed acquittal bid in a suit over the alleged use of unapproved materials and methods in aircraft repair, rejecting the argument that the government had not presented sufficient evidence.
The U.S. Securities and Exchange Commission filed suit in New York federal court Thursday, accusing a former Marvell Technology Group Ltd. employee of tipping nonpublic information that was used in conjunction with Raj Rajaratnam's giant insider trading scheme and helped generate $680,000 in unlawful profits for Spherix Capital LLC.
Litigation boutique MoloLamken LLP has snagged an assistant U.S. attorney and clerk for former U.S. Supreme Court Chief Justice William Rehnquist for its Chicago trial and appellate practice, the firm revealed Wednesday.
Former U.S. Sen. Ted Kaufman, D-Del., sounds off on Attorney General Eric Holder's record on financial crime and efforts to rein in speculative bank trading through the Volcker Rule.
A federal grand jury indicted two executives of a Japanese automotive supplier for their alleged involvement in a conspiracy to fix the prices of anti-vibration car components sold to Toyota Motor Corp. and drive up the cost of the automaker’s vehicles, the U.S. Department of Justice announced Thursday.
A Washington appeals court on Thursday disbarred Matthew Kluger, a former Wilson Sonsini Goodrich & Rosati PC mergers and acquisitions attorney, following his 12-year prison sentence on charges he used his position to orchestrate a $37 million insider trading scheme.
Three Takata Corp. executives have agreed to plead guilty to participating in a plot to fix the price of seatbelts sold to Toyota Motor Corp., Honda Motor Corp. and others, the U.S. Department of Justice said Thursday.
Davis Polk & Wardwell LLP has lured another former government official to its ranks, announcing Thursday that a former U.S. attorney for the Eastern District of Virginia will be joining the firm's white collar criminal defense and government investigations group in the first quarter of 2014 as a partner in its Washington, D.C., office.
A Florida lawyer pled guilty Wednesday in federal court to a charge of conspiracy to commit mail and wire fraud for his role in an international investment fraud scheme that prosecutors said scammed victims out of more than $137 million.
A Rhode Island federal judge on Wednesday found the senior vice president of defunct engineering and technology services company Advanced Solutions for Tomorrow Inc. jointly and severally liable for $18 million in restitution to the U.S. Navy for his participation in a 15-year, $10 million kickback and bribery scheme.
Lloyd’s of London urged a Texas appeals court Wednesday to nix a suit brought by Cardtronics Inc. over insurance coverage for a $16 million theft, saying the company was required to first pursue the armored truck company that ripped off Cardtronics’ automated teller machines.
Federal prosecutors in Maryland on Tuesday filed a superseding indictment alleging conspiracy and bank fraud by the fugitive co-owner of a Virginia loan brokerage, asking that he forfeit more than $102.9 million for defrauding the U.S. Small Business Administration's loan guarantee program.
SAC Capital Advisors LP Portfolio Manager Michael Steinberg tapped a network of corrupt financial industry professionals for information that could give him an "illegal edge" in trading technology stocks, a federal prosecutor said Wednesday at the opening of Steinberg's insider trading trial.
A New Jersey cardiologist behind the largest health care fraud scheme in the state’s history was ordered Wednesday to pay $19 million in restitution, the same amount fraudulently billed to Medicare and other insurers, and to serve more than six years in prison.
A New Jersey appeals court ruled Wednesday that the mayor of Carlstadt, N.J., shouldn't have been allowed to participate in a pretrial intervention program to avoid being prosecuted for allegedly letting his ex-wife collect benefits through his health care plan after their divorce.
For his continued work successfully defending clients in the financial sector from investigations by federal and state prosecutors and regulatory agencies, including ex-MF Global Inc. CEO Jon Corzine, Dechert LLP partner Andrew Levander has earned a spot on Law360's list of 2013 White Collar MVPs.
The ex-mayor of Rosemead, Calif., pled guilty Monday to attempted witness tampering and making false statements to the FBI in a corruption case related to an alleged bribery scheme over a real estate development project.
A couple on Bravo's “The Real Housewives of New Jersey” pled not guilty to two new charges of bank and loan application fraud in New Jersey federal court Wednesday, adding to their previous not guilty plea on 39 counts of bank and bankruptcy fraud.
A U.S. Securities and Exchange Commission official said Wednesday that he expects Foreign Corrupt Practices Act violations to be “increasingly fertile ground” for the agency's Dodd-Frank Act whistleblowing program and warned companies that self-reporting potential misdeeds is more important than ever.
Supply conditions in the auto industry have become conducive to cartels. Since at least the early 1990s, the supplier relationship has changed from one based almost entirely on personal relationships to one where huge contracts can be lost if the offered price is just a few pennies too high. Perhaps the pressure to stay in business and a newfound ability to reach a consensus with the few real competitors has been too great a temptation, says Steven Cernak of Schiff Hardin LLP.
Litigation is typically the single largest line item in the general counsel’s budget. Yet it was long considered exempt from client demands for lower costs and greater certainty. Until now. The past few years changed this perception, leaving some litigators at a loss for how to address client demands for greater predictability, transparency and value. Expert witnesses remain an untapped resource, say consultants Jane Kidd and Marcie Borgal Shunk.
Although the government shutdown and the debt ceiling crisis are occasionally conflated, they have distinct effects on government operations and on parties interacting and transacting with the government, says Boris Bershteyn, of counsel with Skadden Arps Slate Meagher & Flom LLP and former general counsel of the White House Office of Management and Budget.
Canada's recent prosecution of the first individual ever convicted under the Canadian equivalent to the Foreign Corrupt Practices Act shows that now more than ever, if your company receives a knock on the door from U.S. regulators regarding alleged violations of the FCPA or another federal law touching on international business, your company may also receive a visit from foreign regulators, say Steven Pelak and Jason Prince of Holland & Hart LLP.
While the result in the recent decision of St. Paul Mercury Insurance Co. v. Miller is a noteworthy departure from other decisions ruling that claims brought by the Federal Deposit Insurance Corp. as a receiver do not trigger insured v. insured exclusions, the U.S. District Court for the Northern District of Georgia's opinion is seriously flawed for several reasons, say attorneys with Covington & Burling LLP.
Given that there is no apparent legal requirement to conduct a data breach response investigation in a particular way — and only vague guidance provided by HIPAA and the PCI Data Security Standards — companies may be tempted to reduce the scope of the enterprise impact assessment to what they consider the bare minimum. This approach should be resisted for two important reasons, say Kim Peretti of Alston & Bird LLP and Jason Straight of Kroll Advisory Solutions.
The last several months have seen a notable uptick in municipal securities actions brought by the U.S. Securities and Exchange Commission. While enforcement efforts have thus far been mostly directed to issuers, recent actions suggest that the SEC may be shifting its attention to municipal underwriters, say William White and Jeffrey Lehtman of Allen & Overy LLP.
A new hire or third party who is related to a government official may be viewed as an anti-corruption red flag by U.S. authorities. A company must take steps to be able to show that the new hire’s relationship with the government official is unrelated to improper conduct, say Richard Craig Smith and Paul Sumilas of Norton Rose Fulbright.
Now, even if a company pays millions or even billions of dollars to secure a resolution and bring closure to a costly multiyear U.S. Department of Justice investigation, it may nevertheless find itself in a long-term relationship with the DOJ that includes ongoing oversight and the risk of additional penalties. That is the new reality facing life sciences companies grappling with whistleblower-initiated government investigations, say Joshua Levy and Sean Seelinger of Ropes & Gray LLP.
A recent survey of more than 1,000 chief legal officers found that 87 percent of in-house counsel indicated ethics and compliance as one of the leading issues keeping them up at night. Government and regulatory changes followed as a top concern now and in the year ahead. This is not because companies intend on breaking laws — but because the laws vary, make compliance a challenge, says James Merklinger, vice president and general counsel of the Association of Corporate Counsel.