White Collar

  • February 17, 2017

    Jury Finds Man Traded On Inside Info About Sanofi Deal

    A Georgia federal jury found against one man and cleared another Friday after the Securities and Exchange Commission accused them of raking in $550,000 by trading on inside information about a pending acquisition by Sanofi Aventis SA in 2009.

  • February 17, 2017

    Auditor Reviewed Dewey's London Tax Docs, Jury Hears

    A defense attorney for ex-Dewey & LeBoeuf LLP Chief Financial Officer Joel Sanders on Friday questioned the firm's former overseas finance director’s assertion that certain accounting maneuvers Sanders had pursued were improper, showing a New York jury evidence that outside auditors had reviewed the transactions.

  • February 17, 2017

    Trainer Rips Leading Questions At Ballplayer Smuggling Trial

    A trainer who, along with a baseball agent, is accused of helping Cuban ballplayers gain fraudulent entry into the United States objected Thursday to the government’s alleged use of leading questions during direct examinations of its witnesses during trial.

  • February 17, 2017

    Kuwaiti Cos. Can't Exit FCA Suit Over Service Process

    A George federal judge on Friday declined for the time being to dismiss a False Claims Act suit brought against Kuwaiti companies contracted to feed U.S. armed forces in the Middle East, saying they have been sufficiently served.

  • February 17, 2017

    Sessions' National Security Focus Will Fuel Privacy Fights

    Jeff Sessions’ record of favoring what he sees as national security interests over personal privacy rights indicates the new attorney general will likely take an aggressive approach to gathering digital data, and in doing so he will almost certainly spur a new wave of court challenges to government prying.

  • February 17, 2017

    Ex-NJ Atty, Dad Indicted For Roles In $13M Ponzi Scheme

    A former attorney and his father have been indicted on federal criminal charges in New Jersey for their roles in a Ponzi scheme that allegedly involved swindling more than 40 clients out of roughly $13 million over a three-year period, authorities announced on Friday.

  • February 17, 2017

    Prosecutors Slam Appeal Bids By Ex-Penn State Officials

    State prosecutors on Friday slammed a bid by a group of ex-Penn State University administrators to allow an appeals court to review child endangerment charges they’re facing from the Jerry Sandusky sex abuse scandal before their scheduled trial date next month.

  • February 17, 2017

    Ex-JPMorgan Banker Gets 3 Years For Leaking Tips To Dad

    A former investment banker for JPMorgan Chase & Co. and Perella Weinberg Partners convicted of insider trading after he was accused of leaking confidential information about health care company mergers to his father was sentenced to three years in prison on Friday.

  • February 17, 2017

    Ex-Tribal Officials Slam Stay Terms In $6M Embezzlement Row

    Former Paskenta Band of Nomlaki Indians officials accused by the tribe of a wide-reaching $6 million embezzlement scheme continued Thursday to press a California federal court to pause the dispute while related criminal charges against some of them are resolved, blasting the tribe’s request that certain conditions be imposed on such a pause.

  • February 17, 2017

    LA's Mark Geragos Preps NY Pension Whiz For $2B Bribe Trial

    Celebrity lawyer Mark Geragos parachuted into Manhattan federal court Friday to defend former New York pension strategist Navnoor Kang against charges that he took bribes to steer $2 billion of investment dollars toward a former Sterne Agee managing director, as U.S. District Judge J. Paul Oetken set a December trial date.

  • February 17, 2017

    PE CEO In Fraud Case Wants 'Bad Faith' Warrants Suppressed

    Scandal-plagued private equity CEO Benjamin Wey asked a New York federal judge Friday to suppress the fruits of two search warrants in a securities fraud and money laundering case, saying the warrants were defective and after the government seized more than it should have, it impermissibly searched electronic data years later.

  • February 17, 2017

    4 Tips For Fending Off Cyber Threats

    Law firms big and small sit on vast troves of highly sensitive client information coveted by hackers, and while progress has been made in defending that information, experts say the entire legal industry needs to remain vigilant in fighting off potential breaches of their security.

  • February 17, 2017

    Pharmacist Rebuts Key Testimony In Meningitis Murder Trial

    A defense attorney for a pharmacist accused of murder and health care fraud in the 2012 meningitis outbreak meticulously scrutinized testimony by the pharmacy’s quality control officer during cross-examination on Friday, suggesting inconsistencies about issues she brought to her boss and exaggerations about mold findings.

  • February 17, 2017

    NY AG, Regulator Spar Over Cuomo's Banking Fraud Plan

    New York Gov. Andrew Cuomo’s proposal to expand the Department of Financial Services’ powers against financial fraud sparked a war of words this week, with Attorney General Eric Schneiderman calling the proposal a "wholly unnecessary overreach by the executive," while the department’s superintendent labeled the objections as “petty concerns over turf.”

  • February 17, 2017

    Cay Clubs Ex-CFO Fights Gov't Request To Clarify Order

    A former Florida real estate executive facing charges related to an alleged $300 million Ponzi scheme blasted the government’s request for clarity on a pretrial order, saying Friday he won’t be raising arguments the court has barred.

  • February 17, 2017

    Pa. Judicial Employees Can't Invoke Whistleblower Law

    A Pennsylvania appeals court issued a published decision on Friday agreeing that the judiciary’s constitutionally enshrined power to police itself barred a former Washington County probation officer from bringing a whistleblower claim against a top court administrator after he lost his job following an interview with detectives in an embezzlement probe.

  • February 17, 2017

    DOJ Must Hand Over Plea Docs In Foreclosure Bid-Rig Suit

    A California federal judge on Thursday ordered the U.S. Department of Justice to produce documents on plea negotiations in which the government played recordings obtained from wiretapping that was deemed unconstitutional in a case accusing five men of rigging bids at public foreclosure auctions.

  • February 17, 2017

    $3.9M Ends SEC's Stanford Ponzi Claims Against Ex-Exec

    A former executive at one of Ponzi schemer R. Allen Stanford’s financial firms has agreed to pay the U.S. Securities and Exchange Commission nearly $3.9 million to settle claims related to his role in the fraud, according to a Friday decision by the regulator.

  • February 17, 2017

    Noted Patent Lawyer On Verge Of Default In SEC Ponzi Case

    A Texas lawyer once referred to by Wired Magazine as the "world's most innovative patent troll" appeared on the verge Friday of defaulting out of a U.S. Securities and Exchange Commission suit alleging he and another lawyer schemed to pilfer $6 million from small businesses' escrow accounts.

  • February 17, 2017

    Corruption Trial To Begin For Dallas County Commissioner

    A marathon corruption trial against longtime Dallas County Commissioner John Wiley Price, who is accused of trading government contracts for cash, cars and land, will begin jury selection Tuesday, kicking off months of what's expected to be politically charged testimony.

Expert Analysis

  • How The Obiang Case Exposes Limits Of Forfeiture Efforts

    Stéphane Bonifassi

    The case against Vice President Teodorin Nguema Obiang is severing diplomatic relations between France and Equatorial Guinea for no benefit to the Equatorial Guinea people. Along the way, France seems to be lecturing the rulers of a formal colonial country, while not cleaning its own house, says Stéphane Bonifassi of Bonifassi Avocats.

  • Anti-Money Laundering Expectations Under Trump

    Michael A. Mancusi

    We do not anticipate the new administration will ease anti-money laundering enforcement. In fact, it is more likely that enforcement of the Bank Secrecy Act is an area of supervision that will increase in the coming years, say attorneys with Arnold & Porter Kaye Scholer LLP.

  • Google Warrant Case Vs. Microsoft Warrant Case

    Philip J. Bezanson

    The Pennsylvania federal court's recent Google decision may give companies emboldened by the Second Circuit's Microsoft decision pause in deciding whether to resist compliance with what they view as overly broad requests for customer data. However, the different results in the cases may serve as useful guidance for securing data abroad, say Philip Bezanson and Laura Prebeck Hang of Bracewell LLP.

  • In Retrospect

    Relearning The Lessons Of Korematsu's Case

    Randy Maniloff

    Fred Korematsu’s U.S. Supreme Court case challenging President Franklin Roosevelt’s executive order that led to the incarceration of approximately 120,000 people of Japanese ancestry may sound like ancient history. However, Feb. 19 marks the 75th anniversary of the order's signing, and that it’s celebrating its diamond anniversary now is breathtaking timing, says Randy Maniloff of White and Williams LLP.

  • Individual Defense In The Shadow Of Corporate Guilty Pleas

    Jessica K. Nall

    Corporate guilty pleas can be expected to have serious implications for the individual executives and employees alleged to have been involved in the conduct under scrutiny. But whether their corporate employer pleads guilty or pursues an alternative resolution, there are other factors at play that can make a bigger difference to the eventual outcome for individuals, say Jessica Nall and Janice Reicher of Farella Braun & Martel LLP.

  • How A General Counsel Should Think About AI: Part 2

    Bruce J. Heiman

    General counsels face the challenging task of understanding how companies can navigate the rules surrounding uses of artificial intelligence. To get smart on AI, general counsels must ask the right questions about areas such as human resources, intellectual property, liability and insurance, say Bruce Heiman and Elana Reman of K&L Gates LLP.

  • How A General Counsel Should Think About AI: Part 1

    Bruce J. Heiman

    Though the Trump administration has yet to make an official statement regarding artificial intelligence, support for AI is consistent with its expressed desire to promote American business. As such, general counsel will inevitably have to navigate what big data and AI mean for compliance with current and future laws and regulations, say Bruce Heiman and Elana Reman of K&L Gates LLP.

  • Preparing For DOJ's International Investigations

    Lara Kroop Delamarre

    It is not unreasonable to fear a possible investigation by the U.S. Department of Justice regardless of the nationality, location or business of a company or individual. The DOJ not only has the determination and resources to pursue white collar cases worldwide, but it has the benefit of increasing international cooperation, says Lara Kroop Delamarre of Cohen & Gresser LLP.

  • Saving Lawyers 1 Less Drink At A Time

    Jennifer Gibbs

    Lawyers are likely turning to alcohol to lessen stress and anxiety, to socialize, and even to sleep better. Unfortunately, many are unaware that their nightly pour could be causing or exacerbating the anxiety that is plaguing the legal profession, says Jennifer Gibbs of Zelle LLP.

  • Opinion

    Lawyers Cannot Stay Silent While Trump Belittles The Courts

    Alexandra Wald

    This is not the first time that a president has criticized the judiciary. But what is unique about President Donald Trump's attacks is that they target not just a specific decision, but the judiciary and its decision-making power altogether. Every lawyer, regardless of political persuasion, must speak up, says Alexandra Wald of Cohen & Gresser LLP.