White Collar Law360 provides breaking news and analysis on corporate crime and enforcement. Coverage includes criminal cases against companies, executives and employees, public officials, lawyers, and law firms, as well as related civil litigation and policy developments.
A former stockbroker was sentenced by a New York federal judge to 90 days in jail after pleading guilty to securities fraud over his part in a stock manipulation scheme that bilked investors of efficient lighting products maker ForceField Energy Inc. for roughly $131 million.
As Judge Jed Rakoff observed in a recent speech, it would benefit prosecutors, the courts and investors to have a clearly drafted statute setting forth, to the most specific degree possible, exactly what about insider trading is illegal, and why, say Jason Gottlieb and Daniel Isaacs of Morrison Cohen LLP.
Philadelphia District Attorney Seth Williams will likely rely on the U.S. Supreme Court’s recent ruling favoring former Virginia Gov. Robert McDonnell in his defense against federal corruption charges, but experts say the indictment in the case appears precise enough for prosecutors to overcome the new hurdles to bribery convictions that the ruling put in place.
An unprecedented case ended in a most unusual way: Jurors considering a sweeping indictment against a Massachusetts pharmacist who shipped mold-infested drugs that caused a deadly fungal meningitis outbreak declared him not guilty of murder on Wednesday, but appeared to indicate that the majority wanted to convict him.
A former executive of a New York City tour bus company will spend 15 months in prison after admitting to concealing and destroying documents during a U.S. Department of Justice antitrust litigation over an alleged monopoly of the hop-on, hop-off tour business, federal prosecutors announced on Thursday.