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.
Former Rochdale Securities LLC trader David Miller was sentenced Wednesday to 2 1/2 years in prison for his role in a trading scam involving approximately $1 billion of Apple Inc. stock, according to federal prosecutors.
Three former General Electric Co. finance executives convicted of municipal bond-related bid rigging asked the Second Circuit Tuesday to overturn their convictions, arguing that federal prosecutors brought their charges too late.
Bernard Madoff's former controller said in New York federal court Tuesday that she helped him shuffle money around his company to make phony profits, pointing the finger at other ex-Madoff employees now on trial for allegedly aiding his fraud.
The Eleventh Circuit on Monday affirmed the convictions and prison sentences of a Florida couple who prosecutors say used fake identities to cash in on funds set up to compensate victims of the 2010 Deepwater Horizon oil spill and other disasters.
With prosecutors continuing to investigate JPMorgan Chase & Co. following its record $13 billion mortgage settlement Tuesday, U.S. Attorney General Eric Holder has a chance to satisfy the public's Wall Street bloodlust by following up with criminal charges against individual bank executives.
Law firm Vorys Sater Seymour & Pease LLP will pay the city of Lorain, Ohio, $3 million in a settlement approved by the Lorain City Council on Monday to resolve claims against the firm and a former attorney who was recently convicted in a corruption scandal.
JPMorgan Chase & Co.'s $13 billion settlement on Tuesday marked the end of the bank's negotiating process with federal and state regulators over alleged false statements regarding the quality of mortgage-backed securities during the housing bubble, but it could be the just beginning of big settlements for other banks.
With the Foreign Account Tax Compliance Act taking full effect in July, investors across the globe are concerned about the U.S. government’s silence on whether it will seek criminal prosecution for violators and how the Internal Revenue Service plans to regulate foreign-to-foreign transactions.
U.S. Deputy Attorney General James M. Cole told a conference of business attorneys Tuesday that their role in the enforcement of the Foreign Corrupt Practice Act was vital to the government’s regulatory enforcement agenda, while warning of “serious consequences” for companies that try to hide misconduct.
Parallel civil and criminal cases targeting financial crime will likely rise in the coming years, but their expansion faces some limitations, the recently departed enforcement chief of the U.S. Commodity Futures Trading Commission told banking officials during a New York conference Tuesday.
The U.S. Department of Justice brought formal charges Tuesday against six investors for their alleged roles in a conspiracy to manipulate the bidding process for tax lien auctions conducted by New Jersey municipalities, bringing the number of charged entities in an overarching DOJ probe to 20.
In response to a scandal at a U.K. National Health Service hospital at which patients were subjected to "appalling" conditions and treatment, the British government on Tuesday proposed a new law that would create jail sentences for willfully negligent doctors and nurses.
An SEC compliance examiner was arrested in New York Tuesday, facing criminal charges in federal court for making false statements about keeping certain stocks that SEC employees are prohibited from owning under the agency’s ethics rules.
The U.S. government will continue to bring major Foreign Corrupt Practices Act cases against companies and individuals next year, and companies operating internationally can expect increasing scrutiny from law enforcement agencies working across borders, two top government FCPA officials said on Tuesday.
The Second Circuit on Monday said it will not rehear the appeal of Raj Rajaratnam, founder of hedge fund management firm Galleon Group LLC, regarding a controversial cellphone wiretap that led to his insider trading conviction and 11-year prison sentence.
A Manhattan jury on Monday convicted a onetime aide to former Philippines first lady Imelda Marcos of stealing a famous Claude Monet painting and selling it for $32 million without disclosing the sale in tax returns, according to prosecutors.
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.
Despite recent efforts, shortcomings in the nation’s trade secret strategy continue to stand out. The absence of a federal civil trade secret statute has allowed for the inconsistent application of protections crucial to American business. The Uniform Trade Secrets Act is at best a partial fix, says David Almeling of O’Melveny & Myers LLP.
Lawyers who aren’t actively engaged in online reputation management not only miss out on valuable opportunities but also run the risk of actually harming their marketing efforts, say Cristina Vivenzio Brennan of Wolf Greenfield & Sacks PC and Lisa Ramsey Woodford of Paris Social Media Marketing.
After a major shift in the U.S. Securities and Exchange Commission admissions policy in June, some commentators speculated that the policy would be used sparingly, perhaps mostly in cases where the defendant was nearly bankrupt or had already been the subject of failed criminal proceedings. However, the recent settlement involving Harbinger Capital Partners LLC founder Philip Falcone suggests a potentially broader application, say attorneys with Choate Hall & Stewart LLP.
Due to the increasing role of in-house counsel as business strategists, courts are more closely scrutinizing the attorney-client privilege as it applies to in-house counsel. As such, it is important for in-house counsel to make every effort to protect the attorney-client privilege — and a number of best practices may prove pivotal, says Kimberly Moore of Strasburger & Price LLP.
Despite the Obama administration's stepped-up anti-fraud efforts, companies continue to engage in practices that constitute fraud, as evidenced by a recent case on fraudulent off-label marketing. In order to more effectively fight fraud, Congress should expand the responsible corporate officer doctrine to cover all areas of fraud against the government, say Alexis Ronickher and Debra Katz of Katz Marshall & Banks LLP.
Regardless of the number of firewalls, monitoring systems and policies put in place, the world of cybertheft prevention knows no fail-safes. The key to fighting employee cybertheft is to maximize the deterrent effect by notifying employees before the theft occurs of the severe and immediate nature of the sanctions, and, once the theft occurs, making the sanction for such conduct as severe as possible, say Mark Mermelstein and Mary Kelly Persyn of Orrick Herrington & Sutcliffe LLP.
Every law firm knows the importance of a conflicts check before beginning a representation, but what happens when it serves discovery requests or a subpoena on a third party, only to discover that the third party is a current or former client? As firms get larger, and litigations become more complex, this issue is bound to come up, say Shari Klevens and Alanna Clair of McKenna Long & Aldridge LLP.
In the current enforcement environment, it would be a mistake for senior executives and board members to take for granted the enthusiastic and highly effective efforts of the chief compliance officer, who is often overworked and underappreciated, says Sharie Brown of Troutman Sanders LLP.
The U.S. Department of Justice’s Antitrust Division has been increasingly aggressive in enforcing U.S. antitrust laws against Japanese companies — four Japanese companies have been fined to date in 2013, equaling the previous record numbers in 1999 and 2009. Companies around the world must invest more time and effort in preventive measures, say attorneys with Pillsbury Winthrop Shaw Pittman LLP.