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White Collar

  • September 25, 2018

    Fraudsters Skim £503M Off UK Accounts In 1st Half Of 2018

    British financial firms saved customers from losing £706 million ($929 million) to fraudsters in the first half of 2018, but criminals were still able to siphon off £503 million using deceptions ranging from investment and romance scams to impersonating banks or authorities, according to an industry study.

  • September 25, 2018

    Robins Kaplan Snags DOJ Antitrust Veteran For NY Office

    Robins Kaplan LLP has hired a former trial attorney with the U.S. Department of Justice with experience in cases ranging from arson and murder to bank fraud and criminal antitrust.

  • September 24, 2018

    Ex-Deutsche Trader Dishes On Bank's Libor Self-Dealing

    A former Deutsche Bank money market trader on Monday told a Manhattan federal jury he would routinely make London Interbank Offered Rate submissions with the goal of aiding the bank’s derivative traders, a practice he now admits was wrong.

  • September 24, 2018

    Banks' Guilty Pleas Fair Game In Forex Traders' October Trial

    Federal prosecutors set to try three former currency traders for fixing exchange rates received a New York federal judge’s blessing Monday to tell jurors that the men’s former employers — including Barclays, JPMorgan and Citicorp — have themselves pled guilty to such price-fixing.

  • September 24, 2018

    Sports Teams Must Tackle Hacking Risk Amid Legal Gambling

    The legalization of sports betting in some states has brought with it a host of headaches for professional leagues looking to protect the integrity of games, and among the chief concerns is safeguarding team and player data from hackers who would use the information to gain an edge placing wagers.

  • September 24, 2018

    Ex-NFLer Can't Ditch Pump-And-Dump Verdict At 9th Circ.

    The Ninth Circuit on Monday affirmed a verdict finding ex-National Football League player Willie Gault liable for a scheme to fraudulently inflate a heart company’s stock, rejecting his claim he was not responsible because he was duped by his lawyer.

  • September 24, 2018

    Prosecutors Can Tell 3rd NECC Jury About Meningitis Pain

    Low-level pharmacists at the shuttered New England Compounding Center whose bosses have been convicted of causing a drug contamination that gave patients meningitis cannot preclude prosecutors from telling jurors next month about the horrendous pain caused by their supervisors, a Massachusetts federal judge ruled Monday.

  • September 24, 2018

    Avvo Will Change Ratings System To Settle NY AG Probe

    Avvo, the website directory of lawyer reviews, has agreed to reform its rating system and improve how it discloses information to consumers after an investigation revealed that it boosted attorneys who voluntarily filled out their profiles, New York's attorney general said Monday. 

  • September 24, 2018

    CEO Eyed In Stock-Pump Scheme Having 'Active' Plea Talks

    The CEO of a Florida internet protocol security company on Monday denied fraud and conspiracy charges in Brooklyn federal court, but a prosecutor said he is in "active" negotiations to enter a guilty plea in what the Brooklyn U.S. attorney calls a $2 million pump-and-dump scam.

  • September 24, 2018

    Trader Pleads Guilty In Kickback Scheme; SEC Seeks Payback

    A stock trader pled guilty in New Jersey federal court Monday to bribing a broker-dealer representative in exchange for preferential access to much-sought-after initial and secondary stock offerings that yielded him big profits, according to the U.S. attorney's office.

  • September 24, 2018

    Ex-Soccer Boss Wants $50M Restitution Request Tossed

    A former soccer official has urged a New York federal judge to deny requests from FIFA and two South American soccer organizations for $50 million in restitution after he was convicted of taking bribes, saying federal law precludes restitution for investigations by private entities.

  • September 24, 2018

    Bribery Indictment Of Manafort Associate Must Stand: Gov't

    A Ukrainian national with ties to convicted Trump campaign chairman Paul Manafort should not be able to use a recent Second Circuit decision to escape charges in an alleged bribery scheme involving a $500 million titanium mining project, prosecutors have told an Illinois federal judge.

  • September 24, 2018

    PR Firm Ex-CFO Admits Skimming But Disputes By How Much

    The former chief financial officer for an international marketing and public relations firm pled guilty to an embezzlement scheme that prosecutors say cost the four companies he worked for more than $3.8 million, even as he took issue with many of the specific allegations laid out during a hearing Monday in Massachusetts federal court.

  • September 24, 2018

    Fla. Atty Tied To Penny Stock Fraud Suspended For 18 Months

    The Florida Supreme Court has hit a Miami lawyer with an 18-month suspension for providing disclosure statements that falsely certified a penny stock company was not under any investigation despite his knowledge of a probe by the U.S. Securities and Exchange Commission.

  • September 24, 2018

    Ex-Barclays CEOs Escape Claims In Dark Pool Case

    A New York federal judge on Friday dismissed the former CEOs of Barclays PLC from a class action alleging shares of the bank were artificially inflated by misrepresentations about the safety and transparency of its dark pool, citing a lack of evidence about the executives’ involvement.

  • September 24, 2018

    Deputy AG Rosenstein To Meet Trump Amid Firing Rumors

    A flurry of press reports early Monday predicted that the firing of Deputy Attorney General Rod Rosenstein was imminent, but by the end of the day, the overseer of Special Counsel Robert Mueller's investigation still had his job.

  • September 24, 2018

    Ex-Akebia Analyst Jailed For Ignoring Probation Calls

    A former biostatistician at Akebia Therapeutics Inc. will await sentencing for an insider trading conviction from behind bars after a fed-up Massachusetts federal judge ordered him jailed Monday for ignoring repeated calls from probation, even as he frequently chatted with his co-conspirator.

  • September 24, 2018

    Cosby Owes Quarter-Million In Fees, Schnader Harrison Says

    As a sentencing hearing in Pennsylvania court for Bill Cosby kicked off on Monday in the wake of his sexual assault conviction, the disgraced entertainer faces another legal challenge as his onetime attorneys with Schnader Harrison Segal & Lewis LLP pursue what they say are more than a quarter-million dollars in unpaid legal fees.

  • September 24, 2018

    Mintz Levin Adds Ex-SDNY Prosecutor To White Collar Team

    Mintz Levin Cohn Ferris Glovsky and Popeo PC has hired a former federal prosecutor for the Southern District of New York in expanding its corporate investigations, enforcement and white collar practices in New York, the firm has announced.

  • September 24, 2018

    Seyfarth Escapes Illegal Tax Shelter RICO Suit

    An Illinois federal judge has dismissed a Racketeer Influenced and Corrupt Organizations Act suit accusing Seyfarth Shaw LLP of selling a client an illegal tax shelter, saying that the man had failed to establish that the alleged fraud was part of the firm’s usual way of doing business or that it was an ongoing practice.

Expert Analysis

  • 2 New Cases Showcase CFTC Spoofing Theories

    Katherine Cooper

    The Victory Asset and Mizuho Bank spoofing settlements announced by the U.S. Commodity Futures Trading Commission last week show that the agency’s campaign against spoofing continues unabated. It is likely that the CFTC will now place more emphasis on the surveillance and control systems employed by futures commission merchants, say Katherine Cooper and Elizabeth Lan Davis of Murphy & McGonigle PC.

  • Series

    Judging A Book: Block Reviews 'Tough Cases'

    Judge Frederic Block

    In a new, extraordinary book, "Tough Cases: Judges Tell the Stories of Some of the Hardest Decisions They’ve Ever Made," 13 of my judicial brethren have courageously and dramatically humanized the judicial process, says U.S. District Judge Frederic Block of the Eastern District of New York.

  • 8 Innovative Ways To Empower Jurors

    Christopher Campbell

    Much time and attention have been focused on improving lawyers' abilities to communicate with and persuade juries in complex trials. But it is equally important to equip and prepare jurors to become better students in the courtroom, say attorneys with DLA Piper and Litstrat Inc.

  • Legal Pitfalls To Avoid In Social Cause Marketing Campaigns

    Russell Stein

    In recent years, businesses have increasingly teamed up with charities to promote products or charitable causes. However, if these campaigns are not executed properly, they can lead to civil and criminal penalties, taxes and bad publicity for all parties involved, says Russell Stein of Partridge Snow & Hahn LLP.

  • Cloud Computing Clearly The Future For Small Firms

    Holly Urban

    While in-house technology investments on the scale and complexity needed to compete with large firms remain cost prohibitive for small and midsize law firms, cloud-based services offer significant cost savings and productivity gains with little to no capital investment, says Holly Urban of Effortless Legal LLC.

  • Telemedicine — The Next Frontier For DOJ Scrutiny?

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    CVS is the first major drugstore company to offer customers the option to use their smartphone to “see” a doctor. With the U.S. Department of Justice affording more resources to health care fraud prosecutions, telemedicine services are certain to attract the scrutiny of investigators, say Lionel André and Michelle Bradford of Murphy & McGonigle PC.

  • Leveraging Today's Lateral Associate Market

    Darin Morgan

    With the Milbank/Cravath pay scale once again equalizing compensation at many Am Law 100 firms, there is even more pressure for firms to differentiate themselves to top lateral associate candidates. This presents strategic considerations for both law firms and lateral candidates throughout the recruitment process, says Darin Morgan of Major Lindsey & Africa.

  • Zaslavskiy Does Little To Encourage Clear Crypto Guidance

    Alexis Collins

    A New York federal judge's decision last week in Zaslavskiy relieves the government of a potentially significant pleading burden when bringing cryptocurrency actions, but does not encourage clarification of clear standards for application of the Howey test, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • Q&A

    Back To School: Stanford's Jeff Fisher Talks Supreme Court

    Jeffrey Fisher

    In this series featuring law school luminaries, Stanford Law School professor Jeffrey Fisher discusses his motivation for teaching, arguing before the U.S. Supreme Court and what the court might look like if Judge Brett Kavanaugh is confirmed.

  • Calif.'s New Rules For Lawyers Move Closer To ABA Model

    Mark Loeterman

    The first comprehensive overhaul of California's Rules of Professional Conduct in nearly 30 years becomes operational on Nov. 1. Some of the new rules mirror the model language used by the American Bar Association, but many continue to reflect California’s unique approach to certain ethical questions, says Mark Loeterman of Signature Resolution LLC.