The U.S. Commodity Futures Trading Commission broke new ground in its enforcement this past year, with the largest number of market manipulation cases ever brought and the most cases involving parallel criminal charges, the agency announced on Wednesday.
Three South Korea-based oil refiners and logistics companies pled guilty Wednesday to rigging bids on U.S. Department of Defense fuel supply contracts, violating the Sherman Antitrust Act, and agreed to pay $236 million in criminal fines and civil damages, according to the U.S. Department of Justice.
Former New York broker Gregg Schonhorn was sentenced Wednesday to a year and a day in prison for his role in a pay-to-play bribery scheme in which a former New York pension fund director steered more than $3 billion in business from the New York State Common Retirement Fund to corrupt brokers, despite the defendant's "exceptional" cooperation with authorities.
Michael Avenatti, the attorney representing adult film actress Stormy Daniels in her now-dismissed defamation suit against President Donald Trump, was arrested on a felony domestic violence charge, the Los Angeles Police Department said Wednesday.
A New York federal judge on Wednesday said the government may introduce evidence in the Foreign Corrupt Practices Act trial of the head of a Chinese nongovernmental organization that he planned to bribe the same United Nations official at the center of Chinese real estate billionaire Ng Lap Seng’s bribery case.
A Ninth Circuit judge appeared skeptical Wednesday of Bio-Rad Laboratories Inc.'s arguments in favor of overturning an $11 million whistleblower judgment against the company, repeatedly questioning its counsel during a hearing on how an erroneous jury instruction would change the outcome of the verdict.
A Missouri federal judge threw out a case Wednesday that claimed a Missouri-Illinois Metropolitan District development agency cheated the government out of millions in federal funds for its operations and capital improvements, and used the money to make political paybacks, finding no evidence the agency violated federal anti-corruption laws.
Gibson Dunn & Crutcher LLP has withdrawn as counsel for Heritage Pharmaceuticals Inc. in the company’s Racketeer Influenced and Corrupt Organizations Act suit against two former executives amid their pending motions to disqualify the firm over its prior ties to them, according to a letter sent by co-counsel to a New Jersey federal judge.
The Internal Revenue Service has focused this year’s criminal investigations on “traditional” cases — including international tax enforcement — as it employed the lowest number of special agents since the early 1970s, according to an agency report issued Wednesday.
The one-year prison term U.S. District Judge Allison D. Burroughs imposed Wednesday on a former Bank of America executive who embezzled $2.7 million by hoodwinking nonprofits was not the sentence she originally had planned.
A New York federal judge won't allow a brokerage and foreign trading firm to force the U.S. Securities and Exchange Commission to produce documents relating to a witness’ testimony about his alleged harassment of a former romantic partner, saying the witness was not untruthful and the line of questioning was inappropriate.
Wyoming urged the U.S. Supreme Court not to overturn a Crow tribe member’s state court conviction for illegal elk hunting in the Bighorn National Forest, saying the tribe and its member are trying to revive a treaty hunting right that federal courts long ago found has ceased to exist.
The Senate's Republican leader, Mitch McConnell of Kentucky, tamped down an effort Wednesday to pass a bill protecting Special Counsel Robert Mueller, setting up a showdown with Arizona Republican Jeff Flake, who vowed to block judicial nominations over the issue.
Despite a passionate plea to avoid serving time behind bars 5,000 miles away from his home, a former State Street Corp. executive was sentenced to six months in federal prison Wednesday for his role in a scheme to tack on millions of dollars in hidden fees to unsuspecting international clients.
A retired U.S. Navy captain pled guilty Tuesday to his role in the sweeping “Fat Leonard” bribery scheme related to Navy port services contracts, as a former master chief petty officer was also sentenced to 17 months in prison for his involvement.
Counsel for Dewey & LeBoeuf LLP's former chief financial officer will square off Thursday in Manhattan with prosecutors who claim the ex-executive should be jailed after asking a New York state judge to toss or reduce the $1 million fine he was sentenced to pay following his fraud conviction last year.
Lawyers, board members and company officials all signed off on a decision by Aveo Pharmaceuticals to not tell investors about a recommendation for a new clinical trial, Aveo's former chief financial officer testified Wednesday as the defendant in a civil securities fraud case in Massachusetts federal court.
Snap Inc.’s disclosures to investors ahead of its March 2017 initial public offering are the target of investigations by the U.S. Department of Justice and Securities and Exchange Commission expected to focus on statements about potential competition with Instagram, a company spokesperson confirmed Wednesday.
Several veteran enforcement attorneys shifted to private practice this fall, with Morvillo Abramowitz picking up an outgoing Manhattan securities fraud chief, Steptoe & Johnson LLP bringing back a former deputy director at the U.S. Securities and Exchange Commission, and others taking jobs in Georgia, Illinois and Washington, D.C.
A California man pled guilty Tuesday to phoning in a false bomb threat at the Federal Communications Commission in December as the agency was poised to vote on its net neutrality deregulation.
With few cases going to trial, many attorneys keep their oral-presentation skills sharp by teaching continuing legal education programs. To avoid giving a CLE that falls flat and damages your reputation, you must fashion a thoughtful message, control its presentation, and nail the beginning and ending, says Daniel Karon of Karon LLC.
Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.
Randy Maniloff begins his interview with the nation’s second secretary of homeland security by saying he wants to go over his resume. The look on Michael Chertoff's face: “Bring it on.”
Since the Yates memo on individual accountability for corporate crimes was issued in 2015, the overall number of criminal antitrust cases is down significantly, and the prosecutions of Steppig, Maruyasu and Lischewski illustrate the policy's lack of lasting impact, say Eric Meiring and Brandon Duke of Winston & Strawn LLP.
The new Democratic House majority is expected to direct much of its attention to executive branch oversight and accountability. Companies and their legal counsel should be prepared for a dramatically changed collateral environment as investigations cover a wide range of topics, say attorneys at WilmerHale.
In this series featuring law school luminaries, Yale Law School lecturer and Pulitzer Prize-winning reporter Linda Greenhouse discusses her coverage of the U.S. Supreme Court, the conservatives' long game and trends in journalism.
A major securities fraud case now before the U.S. Supreme Court — Lorenzo v. U.S. Securities and Exchange Commission — marks the first of many opportunities the court will have to roll back expansive interpretations of securities law and deter plaintiffs from filing low-quality complaints, say attorneys with Mintz Levin Cohn Ferris Glovsky and Popeo PC.
Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.
With this week's reimposition of the final tranche of U.S. sanctions against Iran, foreign subsidiaries of U.S. companies must ensure they have concluded all Iran-related business. The addition of more Iranian individuals and entities to the specially designated nationals list means additional compliance risks, say attorneys with Kirkland & Ellis LLP.
As the growth of foreign direct investments in the U.S. continues, companies and their employees should focus on the risk that they are interacting with “foreign officials” — as defined by the Foreign Corrupt Practices Act and the courts — even if that interaction takes place entirely within the U.S., say attorneys with King & Spalding LLP.