White Collar

  • July 20, 2017

    NJ Water Contractor Gets 2 Years For $1M Kickback Scheme

    A New Jersey federal judge on Thursday handed down a two-year prison term to a former contractor for his role in a nearly $1 million kickback scheme at a defunct Newark water agency, saying the sentence was needed to deter others from engaging in such public corruption.

  • July 20, 2017

    Ill. Man Planned To Take Trade Secrets To China, Gov't Says

    An employee of a McHenry County manufacturing firm was indicted in Illinois federal court on Wednesday on 13 counts of attempting to steal trade secrets to bring to a rival firm in China, the U.S. Attorney’s Office in Chicago announced Thursday.

  • July 20, 2017

    Shkreli, Gov't Embroiled In Investor Evidence Fight

    Attorneys for Martin Shkreli and prosecutors in his securities fraud trial on Thursday traded barbs over a government bid to admit a slew of investor documents into evidence without calling those investors to the witness stand, which the defense claims would violate Shkreli's Sixth Amendment rights.

  • July 20, 2017

    10th Sentence Handed Down In Fla. Health Care Fraud Case

    A federal judge in Miami has sentenced the last of 10 South Florida assisted living facility owners charged last year for conspiring with a local pharmacy to defraud Medicare and Medicaid, according to the U.S. Department of Justice and court records.

  • July 20, 2017

    Libor Trader Ruling Creates Cross-Border Hurdle For DOJ

    In overturning two traders' convictions for rigging a global financial benchmark, the Second Circuit handed the U.S. Department of Justice a major defeat that cross-border practitioners say creates an obstacle in joint U.S. enforcement cases.

  • July 20, 2017

    Elliott Greenleaf Atty Elected As Interim Philly DA

    Philadelphia’s Board of Judges on Thursday elected former prosecutor Kelley B. Hodge, of counsel at Elliott Greenleaf, to serve as the city’s interim district attorney and finish the remainder of the term left empty as a result of Seth Williams’ bribery conviction.

  • July 20, 2017

    Chancery Halts ServiceMesh Case For Criminal Investigation

    A Delaware Chancery judge on Thursday granted the U.S. government’s request to halt all discovery in a case alleging the founder of cloud computing company ServiceMesh Inc. paid bribes to score nearly $100 million in earn-out payments from the company's sale, so the feds can finish a criminal investigation.

  • July 20, 2017

    US Fights Essar Exec's Bid For Tax Penalty Protection

    The federal government asked a Delaware bankruptcy court Wednesday to deny a bid by the former CEO of Essar Steel Minnesota for protection from the IRS, insisting that the court lacks authority to grant the request.

  • July 20, 2017

    Man Pleads Guilty To Interstate Sale Of Stolen Tribal Art

    A New York man on Thursday pled guilty in Manhattan federal court to stealing Native American and African tribal artworks from the estate of an art collector and then trying to sell them through a flea market dealer.

  • July 20, 2017

    Dentons Ex-Associate Pleads Not Guilty To Extortion Plot

    A former litigation associate at Dentons on Thursday pled not guilty to felony extortion charges stemming from threats he allegedly made to release confidential and sensitive materials taken from a partner’s email account unless the firm paid him $210,000 and handed over a piece of artwork.

  • July 20, 2017

    Entitled Insider Trader Deserves Up To 8 Years, Feds Say

    Federal prosecutors asked a New York federal court on Wednesday to imprison former MSD Capital LP analyst John Afriyie for up to eight years, saying he exemplified greed and a sense of entitlement when using inside knowledge of a $15 billion private equity buyout to turn a profit.

  • July 20, 2017

    Charges Expanded For 6 In Chimera Stock Inflation Scheme

    Six of the seven individuals who were indicted earlier this year for their roles in a $6 million stock manipulation scam involving Chimera Energy Corp. had their charges expanded Wednesday when a grand jury returned a superseding indictment saying that the scam actually involved at least 12 companies and $25 million.

  • July 20, 2017

    Doc Charged With Trading Ariad Stock On Wife's Inside Info

    A Massachusetts doctor who runs a cannabis consultation practice was charged by federal prosecutors Thursday with securities fraud for allegedly making stock trades on information he got from his wife about an Ariad Pharmaceuticals Inc. cancer drug.

  • July 20, 2017

    Former DOJ Environmental Specialist Joins Katten In DC

    Katten Muchin Rosenman LLP has snagged the former chief of staff for the U.S. Department of Justice's Environment and Natural Resources Division to help bolster the firm’s environmental practice, the firm said Wednesday.

  • July 20, 2017

    Pa. Man Admits To Stealing $40M In Bitcoin

    A Pennsylvania man is accused of identity theft and fraud after he admitted to stealing from individuals who use bitcoin, amassing a stash of the online currency valued at over $40 million, according to a criminal complaint filed Wednesday in federal court.

  • July 20, 2017

    Feds Warn Of ‘Increasingly Unhinged’ Insider Trading Suspect

    Federal prosecutors on Thursday renewed their call for increased monitoring of a pharmaceutical executive accused of insider trading, saying the man’s behavior — including trying to bill the government for his time — was growing more alarming by the day.

  • July 20, 2017

    San Jose Biz Owner Cops To Fake Cisco Job Visa Scheme

    A San Jose businesswoman pled guilty to visa fraud charges in California federal court on Wednesday after prosecutors accused her of lying about jobs at Cisco Systems Inc. available to foreign workers in H-1B visa applications.

  • July 20, 2017

    Illegal 'Dark Web' Marketplace Shuttered In Global Operation

    The world's largest online criminal marketplace has been shut down after more than two years of providing a place to anonymously buy and sell illegal goods like drugs and firearms, stolen and falsified identification documents, and malware and hacking tools, the U.S. Department of Justice announced Thursday.

  • July 20, 2017

    Pa. AG Taps Ex-Reed Smith Atty For Consumer Finance Unit

    The Pennsylvania Office of Attorney General announced on Thursday that it was bringing on board a former Reed Smith LLP attorney to head up a newly minted consumer financial protection unit.

  • July 20, 2017

    Pa. Man Cops To Lying Over Faulty Tests For Cancer Patients

    A Pennsylvania man pled guilty in federal court Wednesday to false statement charges after being accused of performing flawed genetic diagnostic tests for 124 cancer patients.

Expert Analysis

  • Opinion

    The Remedy For Election Fraud Is A New Election

    Robert Klonoff

    Surprisingly, despite extensive media coverage of the Russia investigation, virtually no one has focused on the irrationality of allowing Vice President Pence to become president if the facts reveal that the election itself was fraudulent, says Robert Klonoff, a professor at Lewis & Clark Law School.

  • 2nd Circ. Libor Ruling Helps Subjects In Int'l Investigations

    Gregory O’Connell

    By holding that the Fifth Amendment guards against the use and derivative use of testimony compelled from a defendant by a foreign sovereign, the Second Circuit's Allen decision Wednesday tilts the scales toward subjects and targets in multinational investigations. U.S. prosecutors could be forced to get involved in international investigations earlier than they might like, say Gregory O’Connell and Peter Sluka of De Feis O’Connell & Rose PC.

  • Sherman Act Is An Unconstitutional Criminal Statute: Part 2

    Robert Connolly

    What passed constitutional muster when the Sherman Act was a misdemeanor merits another look now that the statute carries a maximum jail time of 10 years. I have a proposal to fix the criminal element of the Sherman Act, says Robert Connolly of GeyerGorey LLP.

  • Weekly Column

    Innovating For Wise Juries: Matching Experts

    Stephen Susman

    In the penultimate installment of this series, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project answer a question on many legal analysts’ minds: What if both sides’ expert witnesses sat in a hot tub discussing the case while a jury watched?

  • Rebuttal

    The Rise Of Midsize Firms

    Ronald Shechtman

    Recently, this publication featured an op-ed in which one law firm partner contended that midsize firms will be the next casualty of the legal market, due to a supposed inability to compete with BigLaw or boutique firms for business. Though we can expect to see Am Law firms continue to lead the market in megadeals and life-or-death litigations, by all indications midsize is on the rise, says Ronald Shechtman of Pryor Cashman LLP.

  • Corporate Criminal Liability Continues To Expand In The UK

    Robert Amaee

    With the recent charges brought against Barclays PLC, the U.K. Serious Fraud Office and Financial Conduct Authority have made clear their intention to expand the law on corporate criminal liability beyond the current identification doctrine and punish those who fail to keep up new legal standards, say Robert Amaee and James McSweeney of Quinn Emanuel Urquhart & Sullivan LLP.

  • SEC’s Emerging Enforcement Priorities In The Bond Markets

    Michael Osnato Jr.

    Beginning with the 2013 charges against Jesse Litvak for misrepresentations to counterparties in the market for residential mortgage-backed securities, the U.S. Securities and Exchange Commission has aggressively pursued similar cases against bond traders. Michael Osnato Jr. and Meaghan Kelly of Simpson Thacher & Bartlett LLP survey the impact of the Litvak line of cases and offer insights into where the SEC will next deploy its an... (continued)

  • Sherman Act Is An Unconstitutional Criminal Statute: Part 1

    Robert Connolly

    It is well accepted that per se violations of the Sherman Act can be prosecuted criminally — an individual can be sentenced to up to 10 years in prison. But is the accepted learning on this issue wrong? I think I’ve found my way to the Sherman Act being unconstitutional as a criminal statute, says Robert Connolly of GeyerGorey LLP.

  • Courts Tackle Tech And Privacy Trends In Law Enforcement

    Paul Rosen

    In granting certiorari in Carpenter, the U.S. Supreme Court recently reminded us that, as technology allows law enforcement to gather vast amounts of personal information from smartphones and other electronic devices, traditional standards and interpretations may not apply, say Paul Rosen and Chris Garcia of Crowell & Moring LLP.

  • 7 Steps To Protect Your Company From Export Violations

    Thomas McVey

    Thomas McVey, chairman of the international practice group at Williams Mullen, reviews the steps to consider in addressing potential violations under the International Traffic in Arms Regulations, the Export Administration Regulations and the sanctions programs of the Office of Foreign Assets Control.