A Massachusetts Institute of Technology physicist who traded on information he gleaned from his wife, a former Linklaters LLP associate, claims he peeked at merger documents as she worked from home in 2016, according to a memo filed ahead of his sentencing in Manhattan federal court.
Brooklyn federal prosecutors on Wednesday tore into former Katten Muchin Rosenman LLP attorney Evan Greebel’s attempt to undo his conviction or get a new trial for purportedly aiding Martin Shkreli’s various securities fraud scams, ripping his claims of insufficient evidence, bad evidentiary rulings and juror misconduct.
The Manhattan U.S. Attorney's Office cited privacy concerns Wednesday in telling a judge that it should not be compelled to reveal the name of a retired U.S. attorney who engaged in a romantic relationship with a subordinate, after a news organization sued claiming the public has a right to know.
A former senior United Auto Workers official is the latest to be charged in the government’s rapidly expanding bribery case against union executives, with prosecutors accusing her of using Fiat Chrysler Automotive US LLC funds to buy designer shoes, spa trips, graphite golf clubs and a $2,182 Italian shotgun.
Two UBS AG units have agreed to pay $230 million to settle allegations that the bank peddled toxic residential mortgage-backed securities to unsuspecting investors in the run-up to the financial crisis of 2008, New York Attorney General Eric Schneiderman said Wednesday.
A New York federal judge on Tuesday denied a dismissal bid from a former UBS trader accused of a criminal conspiracy to commit commodities fraud via a trading tactic known as “spoofing,” finding the government has done its job for now of adequately alleging the elements of a crime and supporting facts.
Criminal trial battling over the meaning of “past due” picked up again Tuesday in the federal trial of four Delaware-based Wilmington Trust executives accused of keeping timed-out debts off bank financial reports, with defense attorneys seeking court approval to invoke a more-permissive standard.
A former executive at Puma Biotechnology Inc. who admitted to insider trading has paid a chunk of the $1.16 million he owes the government and can return to his home overlooking California's San Fernando Valley, a federal judge in Massachusetts ruled Wednesday.
Federal prosecutors have signaled they intend to retry a group of former Georgeson LLC advisers after a mistrial was declared when a juror left the fraud case and one defendant balked at a proceeding with a short-handed panel, a Massachusetts federal judge said Wednesday.
A Massachusetts federal judge on Wednesday canceled the scheduled start of the trial of a pair of Boston City Hall aides accused of pressuring a music festival to hire unneeded union labor as prosecutors indicated they are open to dismissing the case, as long as a judge agrees to preserve their rights to appeal his definition of extortion.
A conservative megadonor told jurors Wednesday that when he made a $350,000 charitable donation to former U.S. Rep. Stephen Stockman, R-Texas, he was told the money would fund “Freedom House,” a meeting place and training facility that would promote conservative values.
The Senate on Wednesday passed a bill changing websites’ liability shield for content that users post, allowing for law enforcement to go after sites that allegedly serve as platforms for sex trafficking and prostitution.
House and Senate leaders have reached an agreement Wednesday on federal spending for the next six months, kicking off a race to keep the government open ahead of a Friday funding deadline.
The ex-Akin Gump Strauss Hauer & Feld LLP attorney who was sentenced to 2 1/2 years in prison for trying to sell a sealed whistleblower complaint said the government gave him back a hard drive full of stolen lawsuits, according to his renewed bid Wednesday to get into a prison-time-shaving drug rehab program.
A South Carolina federal judge refused Wednesday to grant a new Medicare-fraud trial to a former medical testing lab head and marketing consultants over a juror’s Facebook posts, saying there was no sign of “disqualifying bias” in the run-up to a finding of liability for $17 million in false claims.
A former New England Compounding Center pharmacist convicted of racketeering only has to provide restitution to hospitals and doctors that purchased his contaminated drugs, not patients and other victims of a subsequent meningitis outbreak, a Massachusetts federal judge said Tuesday.
A California medical products supplier on Tuesday panned the federal government’s attempted insertion into a False Claims Act suit alleging it received inflated reimbursements from the state’s Medicaid program, telling a Massachusetts federal judge the Justice Department’s interest in its motion to toss the suit is too late and out of line.
U.S. Attorney General Jeff Sessions on Wednesday released a memo directing federal prosecutors to seek the death penalty in “appropriate cases” involving drug trafficking, a move urged by President Donald Trump to combat the opioid crisis.
A Connecticut man has been ordered to pay more than $1.2 million in restitution after he was slapped with six months in prison last month for his role in a scheme to overbill the city of Hartford for the construction of a new professional soccer stadium.
A commanding majority on the U.S. Supreme Court bench refused to grant federal prosecutors a wider berth in trying allegedly criminal tax behavior, but the court’s interpretation of a tax felony statute may still be vague enough to lead to convictions for lesser violations.
The U.S. Supreme Court overturned the Second Circuit’s affirmation of a convicted tax dodger’s three-year prison sentence on Wednesday, ruling that federal prosecutors had taken an overly broad view of a statute criminalizing the obstruction of tax laws.
A Florida man has pled guilty to illegally exporting military-grade night vision and thermal vision devices and ammunition primers to Russia, the U.S. Department of Justice said Tuesday.
Baker McKenzie has added the former director of financial crime at Barclays Bank with more than a decade of experience advising financial institutions on compliance and regulatory issues to its New York office, the firm announced Wednesday.
Over the past few years, forward-thinking law firms have expanded their talent pools to include a chief innovation officer, whose responsibilities include spearheading the implementation of technology. It is a smart move, says Mark Williamson, co-founder and chief technology officer at Hanzo Archives Ltd.
The Tuesday resignation of Latham & Watkins LLP Chair Bill Voge amid a sexual misconduct scandal investigated by Law360 showcases how personal behavior can become a professional liability for attorneys, but experts say it falls well short of a #MeToo reckoning for BigLaw.
The Tuesday resignation of Latham & Watkins Chair Bill Voge was the culmination of a monthslong association with a woman unconnected to the firm that began last September, when Voge volunteered to broker a "Christian reconciliation" between her and a member of a nonprofit where Voge sat on the board.
Any attorney can slip up online, as a slew of recent ethical flubs have shown, but millennial attorneys are especially susceptible because of their prolific posting and tweeting. Law360 looks at five of the worst mistakes attorneys can make on social media and how to avoid them.
Skadden partner Michael Y. Scudder Jr. and U.S. District Judge Amy J. St. Eve sailed through their confirmation hearing Wednesday for two Seventh Circuit spots, including one vacated by Richard Posner, answering questions from a handful of senators on the Senate Judiciary Committee.
How They Won It
Knowing the California Supreme Court’s decision would have broad ramifications for the legal industry, attorneys for Jones Day and Orrick Herrington & Sutcliffe LLP beat a clawback bid by the bankruptcy trustee of Heller Ehrman by arguing a core principle: A defunct law firm doesn’t have a property interest in hourly matters continued by a dissolved firm’s former partners.
Ten law schools urged the Second Circuit on Wednesday to uphold a lower court’s dismissal of federal antitrust and racketeering claims from a bar exam preparation company’s $50 million suit alleging they conspired to stifle competition for classes targeting foreign Master of Laws graduates, saying the claims weren’t factually supported.