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White Collar

  • January 23, 2019

    House Passes Bill Inviting Researchers To Hack State Dept.

    The U.S. House of Representatives has resoundingly passed a bipartisan bill that would direct the State Department to invite security researchers to expose flaws in its digital defenses in exchange for rewards.

  • January 23, 2019

    Cohen Nixes Congressional Hearing Over Trump 'Threats'

    Michael Cohen will not appear at a scheduled hearing before a House panel next month in light of “ongoing threats against his family” from President Donald Trump, Cohen’s lawyer said Wednesday, casting uncertainty over the longtime Trump attorney’s testimony about crimes he committed in dealings with the president.

  • January 23, 2019

    Jay-Z, Meek Mill, Team Owners Launch Parole Reform Group

    Music mogul Jay-Z, rapper Meek Mill, and several professional sports team owners and asset managers on Wednesday launched a $50 million criminal justice reform effort aimed at revamping laws to reduce the number of people on parole or probation.

  • January 23, 2019

    Ex-Rock Capital Trader Gets 5 Years For False Profits Scheme

    A former Rock Capital Markets LLC trader accused of creating false profits and causing his firm to fold after losing over $13.7 million has been sentenced by an Illinois federal judge Wednesday to five years in prison after pleading guilty to one wire fraud charge last year.

  • January 23, 2019

    Beverly Hills Atty Accused Of Peddling Pills On Craigslist

    A Beverly Hills attorney who has a “long history” of selling drugs on the internet, including black tar heroin and methadone, was arrested for allegedly selling $1,200 in oxycodone pills on Craigslist, the U.S. Department of Justice said.

  • January 23, 2019

    Grassley Seeks Answers From USOC After Nassar Report

    Sen. Charles Grassley has asked the U.S. Olympic Committee to outline the steps it’s taking to improve its culture and protect athletes after the release of a scathing December report about sexual abuse in the Olympic community, the lawmaker said Wednesday.

  • January 23, 2019

    Weinstein Hires Casey Anthony Atty, Harvard Law Professor

    A week after announcing a split from his former criminal defense lawyer, Harvey Weinstein has a new legal team consisting of Jose Baez, who led Casey Anthony's murder trial acquittal, and Harvard Law School professor Ronald S. Sullivan, Baez confirmed Wednesday.

  • January 23, 2019

    5 NY Doctors Denounce DOJ Charges Of Insys Kickbacks

    Five New York doctors on Tuesday assailed a U.S. Department of Justice indictment accusing them of pocketing kickbacks to prescribe a fentanyl painkiller sold by Insys Therapeutics Inc., saying there are no concrete signs of an illicit quid pro quo.

  • January 23, 2019

    DC Circ. Judges Criticize Advisory Firm's Ties To Fund Broker

    Two members of a D.C. Circuit panel on Wednesday derided a Houston-based investment advisory firm that recommended investments without fully disclosing it was being paid by the broker offering them.   

  • January 23, 2019

    Deutsche Bank Facing Global Scrutiny Over Danske Scandal

    Deutsche Bank AG said Wednesday that it has received requests for information from law enforcement agencies and regulators across the globe looking into an alleged multibillion-dollar money laundering scheme at Danish lender Danske Bank.

  • January 23, 2019

    'Shell Factory' Atty Sees Sentence Cut For Helping Feds

    An attorney rounded up in the massive prosecution of a group that created fake shell companies in a pump-and-dump scheme had his three-year sentence trimmed by two years Tuesday because he assisted the government in taking down his cohorts.

  • January 23, 2019

    Ex-Hospital Director Pleads Guilty In $1B Health Fraud Case

    A former Miami-area hospital director pled guilty Wednesday in Florida federal court to conspiring to defraud the United States and paying and receiving health care kickbacks as part of a $1 billion health care fraud scheme.

  • January 23, 2019

    Ex-Barclays Execs Accused Of Duping Shareholders At Trial

    Four former Barclays PLC directors deceived the bank’s shareholders by failing to declare additional fees they paid Qatari investors at the height of the financial crisis and by using other agreements as a “smokescreen” to cover their tracks, prosecutors told a London jury on Wednesday.

  • January 22, 2019

    Man Accused Of $2B Fraud In Africa Says He's No Flight Risk

    A former lead salesman for Abu Dhabi-based shipbuilder Privinvest on Monday asked a New York federal judge to let him out on bail following his indictment over alleged involvement in a $2 billion bribery and investor fraud scheme, saying a $20 million bail package with 24/7 private security would ensure he shows up in court.

  • January 22, 2019

    Avenatti Faces Skeptical Judge In Trump Hush Money Suit

    A California federal judge appeared skeptical Tuesday of Michael Avenatti's bid to continue efforts to block silence provisions in Stormy Daniels' $130,000 hush money deal with President Donald Trump, noting that Trump's agreement not to enforce the deal seems to provide the relief sought.

  • January 22, 2019

    Accused 9/11 Planner Wants DC Circ. To Review Case Again

    Alleged 9/11 mastermind Khalid Shaikh Mohammad has urged the D.C. Circuit to review his military commission case for a second time, arguing it needs to resolve a messy situation keeping a military appeal in limbo, as well as address alleged conflicts involving the judge in his case.

  • January 22, 2019

    Skadden Deal Unfair, Russian Co. Says In Troll Farm Case

    A Russian company criminally charged with thwarting enforcement of the Foreign Agents Registration Act asked a judge on Tuesday to make prosecutors explain why Skadden Arps Slate Meagher & Flom LLP "was permitted to purchase a declination" in its own FARA case.

  • January 22, 2019

    Irell Nabs Ex-Williams & Connolly Trial Lawyer In LA

    Irell & Manella LLP on Tuesday welcomed a prominent trial lawyer and former litigator at Williams & Connolly LLP into the fold to focus on trials, investigations and complex commercial litigation as a partner in its Los Angeles litigation group.

  • January 22, 2019

    Supreme Court To Consider Reviewing Mystery Mueller Case

    The U.S. Supreme Court will consider reviewing a foreign government-owned entity's legal fight with what is reportedly Special Counsel Robert Mueller's office, allowing it to file a petition arguing that U.S. courts have no power to enforce criminal laws against foreign sovereigns.

  • January 22, 2019

    Deutsche Whistleblower Claimants Seek To Make SEC Pay

    Two consultants and an anonymous tipster urged the Second Circuit on Tuesday to make the U.S. Securities and Exchange Commission give them a cut of the $55 million fine that Deutsche Bank AG paid to settle claims over risky derivatives, saying the agency was wrong to deny them payouts under its whistleblower program.

Expert Analysis

  • DOJ's Wire Act Opinion Is A Game Changer

    Tim Lowry

    The U.S. Department of Justice's updated guidance on the Wire Act contains a fundamental distinction between civil risk and criminal risk, and this will slow down the proliferation of gambling-related online offerings in the internet gambling community, says Tim Lowry of DLA Piper.

  • 3 Trends In Criminal Trade Secret Prosecution

    Jessica Nall

    While white collar filings are significantly down nationwide, the prosecutorial appetite for bringing criminal trade secret cases appears voracious, even where no foreign actor or national security concern is involved, say Jessica Nall and Janice Reicher of Farella Braun & Martel LLP.

  • Opinion

    Courts Are Getting It Right On Litigation Funding Discovery

    Matthew Harrison

    Earlier this month, a California federal court denied discovery into the identification of third-party funders with a financial interest in the outcome of an underlying patent infringement action. This decision in MLC v. Micron follows a long line of well-reasoned precedent across U.S. federal courts, say Matthew Harrison and Sarah Jacobson of Bentham IMF.

  • Declaratory Judgments Do Not Always Protect NY Debtors

    A. Robert Quirk

    This month, the First Department of New York's Appellate Division revived Avilon v. Leontiev, establishing that a debtor cannot obtain declaratory judgment shielding itself from personal liability to a creditor's associates, and then use that judgment to preclude claims from the creditor, say A. Robert Quirk and Muhammad Faridi of Patterson Belknap Webb & Tyler LLP.

  • The Many Facets Of 'Side A' DIC Insurance

    Evan Bundschuh

    Side A difference-in-conditions insurance policies can play an important role in insulating against risks that public companies must navigate, offering benefits beyond those included in traditional directors and officers policies, says Evan Bundschuh of Gabriel Bundschuh & Associates Inc.

  • International Law In 2018: Key Developments

    Viren Mascarenhas

    2018 was full of important developments in international law, including a new North American trade treaty, significant litigation at the International Court of Justice, and rulings by various bodies related to environmental, human rights and criminal law, say Viren Mascarenhas and Douglass Cassel of King & Spalding LLP.

  • Zhao’s Spoofing Plea Deal Telegraphs More To Come In 2019

    Lanny Breuer

    In late December, the U.S. Department of Justice quietly secured a guilty plea from Jiongsheng Zhao in Illinois federal court — capping off a year of systematic anti-spoofing enforcement, say Lanny Breuer and Laura Brookover of Covington & Burling LLP.

  • FSIA: The Other Mystery In Mueller Subpoena Case

    Kristina Arianina

    The conversation surrounding the grand jury subpoena case related to Special Counsel Robert Mueller's investigation focuses on the “mysterious” corporation. Of broader importance, the proceedings probed the mysterious area of criminal immunity under the Foreign Sovereign Immunities Act, says Kristina Arianina of Squire Patton Boggs LLP.

  • Diversity's Next Step: Developing Minority Partners

    Chris King.jpg

    The lack of minority partners comes at a high cost to firms, say attorneys at Lightfoot Franklin & White LLC, as they suggest several practical ways to tackle this problem.

  • Expect More SEC Cybersecurity Enforcement This Year

    Doug Davison

    The U.S. Securities and Exchange Commission turned its attention to cybersecurity last year, and those efforts will intensify throughout 2019. There are at least four likely areas of enforcement activity, say attorneys with Linklaters LLP.