White Collar

  • September 19, 2017

    Equifax Probes Take Data Breach Scrutiny To Next Level

    The rash of investigations launched in the wake of Equifax's massive data breach signal a more open and aggressive approach to policing such incidents that is likely to leave companies rethinking their plans for responding to cyberattacks and cooperating with officials, attorneys say.

  • September 19, 2017

    'Smears' Evidence Not Allowed In Menendez Trial, Judge Says

    The New Jersey federal judge presiding over the bribery trial of Sen. Bob Menendez and a Florida ophthalmologist denied a defense bid Tuesday to let jurors see parts of public statements where the senator denied allegations that he had engaged with prostitutes, saying such material is irrelevant.

  • September 19, 2017

    Feds Want 5 Years For Money-Laundering Korean Scientist

    Federal prosecutors told a California federal court on Monday that the former head of South Korea’s government-funded earthquake research program who was convicted of laundering bribery proceeds in the United States should be sentenced to nearly five years in prison, pushing back on his bid for a much shorter prison stay.

  • September 19, 2017

    Ex-Atty Gets 38 Months For Defrauding Investors Of $1.4M

    A New York federal judge on Tuesday sentenced a former attorney to 38 months in prison for scamming four victims out of $1.4 million in purported real estate investments while he was under judicial supervision on three different fraud-related indictments.

  • September 19, 2017

    PR Firm's Ex-CFO Charged With Embezzling $3.6M

    The former chief financial officer of an international marketing and public relations firm was charged Tuesday with embezzling $3.6 million from the company during his 10-year tenure, the U.S. Department of Justice said in a statement.

  • September 19, 2017

    Online Dating Scammer Pleads Guilty To Fraud

    A man who posed on dating sites as a millionaire to elicit confidential financial information and steal victims' identities has pled guilty to two counts, New York federal prosecutors said Tuesday.

  • September 19, 2017

    Pa. AG Touts Efforts Regarding Trump, Equifax, Opioid Makers

    Pennsylvania Attorney General Josh Shapiro on Tuesday outlined the broad activist agenda he has been pursuing since taking over the scandal-plagued office in January, touting his readiness to confront the Trump administration and the state’s role at the lead of several multistate investigations into corporate malfeasance.

  • September 19, 2017

    DOJ Urges High Court To Nix Atty's Client Bilking Appeal

    The government asked the U.S. Supreme Court on Monday not to hear an appeal brought by a former Houston defense lawyer who is serving a 15-year sentence after he was convicted for promising criminal defendants he could use government connections to get their charges dropped, arguing he raised no issues on appeal that merit the high court's review.

  • September 19, 2017

    Veon Must Face Investor Class Action, With Some Limits

    A New York federal judge on Tuesday ruled that European telecommunications company Veon Ltd., which admitted to paying bribes in Uzbekistan, can’t escape a proposed class action for failing to disclose its crimes to investors, finding that the suit was “in large part” strong enough to survive dismissal.

  • September 19, 2017

    Pharmacy Solely Liable For Meningitis Outbreak, Clinic Says

    A Maryland surgical center’s role in a deadly 2012 meningitis outbreak is superseded by that of the pharmacy that made the tainted products, Box Hill Surgery Center LLC told a Massachusetts federal judge overseeing multidistrict litigation Monday.

  • September 19, 2017

    Paxton Prosecutors Appeal Pay Ruling To Top Criminal Court

    Prosecutors in the felony securities fraud case against Texas Attorney General Ken Paxton on Tuesday asked the state’s highest criminal court to enforce a trial judge’s order they should be paid $300 an hour for their work, saying a lower appellate ruling threatens the fair administration of justice.

  • September 19, 2017

    Judge OK's $4.5M Bond For Doc In Genital Mutilation Case

    Jumana Nagarwala, the Detroit emergency room doctor criminally charged in April with performing female genital mutilation on girls between the ages of 6 and 8 in Michigan, will be released on $4.5 million unsecured bond, a federal court spokesman announced Thursday.

  • September 19, 2017

    Ex-Worker Cops To Trying To Sell ‘As Seen On TV’ Co. Info

    A New Jersey-based former employee of a New York company that develops and markets “As Seen on TV” merchandise admitted on Tuesday to his role in a scheme in which he attempted to sell the company’s information to its competitors.

  • September 19, 2017

    NY Atty Takes Plea Deal Amid Claim He Threatened Witness

    After testing positive for cocaine and allegedly threatening a witness, a New York attorney reached a plea deal in the middle of his California federal jury trial Tuesday, agreeing to a 56-month sentence and admitting he forged documents to inflate damages in a $20 million contract suit and then lied to a federal judge.

  • September 19, 2017

    Lobster Thief Ordered To Fork Over $30M To South Africa

    A New York federal judge on Tuesday ordered a man who plundered South African lobster fisheries from 1987 to 2001 to fork over more than $30 million to the country, bumping up a previous restitution award after the poacher dodged his obligation to pay back victims of the overharvesting.

  • September 19, 2017

    Feds Seek 51-Plus Months For Ex-Hunton Atty's Tipping

    Federal prosecutors are calling a former Hunton & Williams LLP patent partner’s hints about an upcoming Pfizer deal an “inexcusable breach of trust” by someone professionally tasked with protecting corporate secrets, and asked for a sentence of at least 51 months following the lawyer’s March conviction in New York federal court.

  • September 19, 2017

    Territorial Tax Proposal Leaves Many Open Questions

    Most tax practitioners and congressional leaders predict tax reform will shift toward a territorial system in which companies are taxed only on their U.S. source income, but the specifics — and their impact on multinational companies — remain a huge area of uncertainty.

  • September 19, 2017

    Racer Blames Manager For Weather Fibs At $2B Fraud Trial

    Talk of the weather returned Tuesday to the Manhattan payday loan fraud trial of racer Scott Tucker and lawyer Timothy Muir, with Tucker’s defense team blaming a former manager for meteorological fibs that tricked callers into thinking the Kansas-based lending operation was on faraway tribal lands.

  • September 19, 2017

    Pharmacist Killed Patients By Shunning Safety, Jury Told

    Federal prosecutors told a jury in opening statements on Tuesday that a pharmacist’s stupefying recklessness caused a 2012 fungal meningitis outbreak and amounted to second-degree murder.

  • September 19, 2017

    Prosecutors Seek 5-Year Fraud Sentence For Ex-Tech Exec

    The president of a California company that built electric vehicle charging stations should spend four to five years in prison for defrauding local and state governments out of grant funds, prosecutors told an Illinois federal judge on Monday, describing the scheme as “calculated and sustained.”

Expert Analysis

  • When A SOX Whistleblower Claim Applies Extraterritorially

     Matthew LaGarde

    The recent decision from the U.S. Department of Labor's Administrative Review Board in Blanchard v. Exelis Systems is important because it makes clear that, so long as the misconduct reported by the employee affects the United States in “some significant way,” the Sarbanes-Oxley Act will apply extraterritorially, says Matthew LaGarde of Katz Marshall & Banks LLP.

  • Insider Trading After Martoma: Benefits Without Friends?

    Nathan Bull

    The Second Circuit's recent Martoma decision potentially expands the category of persons that, upon the disclosure of confidential information without pecuniary or tangible benefit, may constitute tippers or tippees subject to insider trading liability, say attorneys with Cadwalader Wickersham & Taft LLP.

  • Equifax Brings Early Lessons On Insider Trading Policies

    Gary Tygesson

    Insider trading allegations have surfaced at Equifax, where three executives sold nearly $2 million in shares of the company’s stock days after the cyberattack was discovered but before the news was announced. The situation raises a number of fundamental questions about Equifax’s insider trading policy, say Gary Tygesson and Cam Hoang of Dorsey & Whitney LLP.

  • Standard Insurance Policy May Cover Government Subpoena

    Daniel Wolf

    Even though most in-house counsel know all too well about the challenges and costs of defending government subpoenas, they may not realize that their existing insurance policies might provide coverage for these defense costs — even if those policies do not expressly address subpoenas, says Daniel Wolf of Gilbert LLP.

  • A Guide To The Executive Branch Official Nomination Process

    Adam Raviv

    Although the Trump administration has completed the vetting and confirmation of a cabinet and White House staff, thousands of senior positions remain unfilled throughout the executive branch. More than ever, people selected for those posts find themselves under close scrutiny, say Adam Raviv and Reginald Brown of WilmerHale.

  • Ransomware Issues Too Often Lost In The Shuffle: Part 3

    John Reed Stark

    Despite strong planning and expert guidance, amid all of the chaotic workflow of a ransomware response, two important issues can be easily overlooked — notification/disclosure responsibilities and anti-money laundering compliance, says John Reed Stark, president of John Reed Stark Consulting LLC.

  • Ransomware Issues Too Often Lost In The Shuffle: Part 1

    John Reed Stark

    The U.S. Department of Justice and the Financial Crimes Enforcement Network are turning the tides on ransomware attackers and enablers who exploit the bitcoin ecosystem to anonymize the payments received by their victims. Anti-money laundering statutes and regulations are their preferred statutory weaponry, says John Reed Stark, president of John Reed Stark Consulting LLC.

  • How Collaboration Is Changing Inside Some Law Firms

    Chris Cartrett

    In our recent survey of business of law professionals, nearly half of respondents said that who they collaborate with, inside their law firm, is different from five years ago, says Chris Cartrett of legal software provider Aderant.

  • Opinion

    Dealing With Difficult Lawyers

    Alan Hoffman

    Some lawyers tend to be overly aggressive, regarding law practice as a zero-sum game in which there are only winners and losers. The best response is to act professionally — separating the matter at hand from the personalities. But it is also important to show resolve and not be vulnerable to intimidation, says Alan Hoffman of Husch Blackwell LLP.

  • The Rise Of AI In Corporate Investigations

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    The recent growth of corporate data — both in volume and complexity — is exponential and unabated. Used correctly, artificial intelligence will drive efficiency in investigations, maximize results and help to promote regulatory compliance, say Zachary Adams of Squire Patton Boggs LLP and Richard Chalk of Navigant Consulting Inc.