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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.