White Collar

  • September 24, 2021

    WikiLeaks Suspect Can't Get CIA Servers Cloned For Trial

    A New York federal judge has denied Wikileaks suspect Joshua Adam Schulte's request for copies of two CIA servers ahead of his retrial on federal espionage charges.

  • September 24, 2021

    Jury Hears USC Coach Never Heard Of 'Varsity Blues' Recruit

    A former assistant coach for the University of Southern California's women's basketball team told a Boston jury Friday she never heard of a purported recruit who prosecutors say got into the school as part of the "Varsity Blues" admissions scheme.

  • September 24, 2021

    Theranos Execs Put PR Over Patients, Ex-Lab Chief Testifies

    A former Theranos laboratory director testified in ex-CEO Elizabeth Holmes' criminal trial Friday that he resigned after company executives insisted on rolling out blood-testing devices riddled with technical problems that caused serious inaccuracies, saying management "believed more about PR and funding than about patient care."

  • September 24, 2021

    Virginia Doctor Pleads Guilty In $1.8M Rx Fraud Scheme

    A Washington-area physician has admitted participating in a "fraud scheme" to prescribe pain and scar creams in order to receive a kickback from a pharmacist, defrauding health insurance programs out of $1.8 million, the U.S. Attorney's Office for the Eastern District of Virginia said Friday.

  • September 24, 2021

    PG&E Facing Manslaughter Charges Over 2020 Calif. Fire

    A California district attorney on Friday charged PG&E with four felony involuntary manslaughter charges for its role in allegedly causing the Zogg fire, which burned roughly 56,000 acres in two counties last year.

  • September 24, 2021

    SEC Pays $36M To Tipster Who Was Also 'Culpable' In Scheme

    The U.S. Securities and Exchange Commission announced Friday that it has paid about $36 million to a whistleblower, even though the related order states that the individual delayed reporting their information for over five years and was "culpable" in the underlying scheme. 

  • September 24, 2021

    SEC Sues UK Father And Son, 2 Others In Microcap Scam

    The U.S. Securities and Exchange Commission filed two separate complaints in New York federal court on Thursday alleging that four individuals and five entities ran a fraudulent transatlantic microcap scheme that generated more than $10 million in unlawful stock sales.

  • September 24, 2021

    Crypto Exchange Blacklisting To Test US Sanctions' Teeth

    The U.S. Department of the Treasury's unprecedented blacklisting of a cryptocurrency platform accused of helping cybercriminals convert funds into real-world currency will test its ability to sway ransomware actors' behavior, as officials sharpen their pitch for victims to report attacks.

  • September 24, 2021

    Marketing Exec Wants High Court To Review FCA Judgment

    A health care marketing consultant wants the U.S. Supreme Court to review a Fourth Circuit decision backing an order that he and two others collectively had to pay about $114 million in a False Claims Act case.

  • September 24, 2021

    Atty Gets 9-Month Suspension For Abusing Nonprofit Gig

    A New York appellate court on Thursday handed out a nine-month suspension to an attorney found to have misappropriated funds over three years from a nonprofit organization she founded and whose finances she oversaw.

  • September 24, 2021

    Huawei CFO Admits Duping HSBC On Iran Dealings

    Huawei Chief Financial Officer Meng Wanzhou on Friday entered into a deferred prosecution agreement with U.S. authorities and admitted to deceiving global lender HSBC about Huawei's business dealings with Iran.

  • September 24, 2021

    Cousin Of Ticket Fraudster Avoids Prison For Role In Scam

    A Manhattan federal judge on Friday sentenced a former compliance professional to a year of home confinement for using a sports and theater ticket resale business to funnel money away from its investors and toward his now-incarcerated cousin.

  • September 24, 2021

    Saxena White Can't Lead FIFA Suit After Robbins Geller DQ

    A New York federal judge who disqualified Robbins Geller Rudman & Dowd LLP from securities litigation related to the FIFA corruption scandal on Thursday rejected Saxena White PA's request to take over the case, chastising the firm for seeking continued advice from Robbins Geller.

  • September 24, 2021

    Cypriot Shipping Co. Hit With $2M Fine For Illegal Dumping

    A Cyprus-based shipping company will pay $2 million in penalties after pleading guilty to two felony offenses for illegally dumping oily bilge water into the Atlantic Ocean and trying to hide its misconduct from the U.S. Coast Guard.

  • September 24, 2021

    Stroock Adds Experienced Litigation Partner In Miami

    Stroock & Stroock & Lavan LLP continued its active growth in 2021 with the addition of a Miami-based litigation partner with experience in a wide variety of disputes and arbitrations including prisoner class actions and EB-5 investment suits, the firm announced.

  • September 24, 2021

    SEC Strikes $19M Bribery Settlement With Ad Giant WPP

    The U.S. Securities and Exchange Commission and WPP PLC struck a more than $19 million deal on Friday, resolving allegations that the advertising giant violated the anti-bribery provisions of the Foreign Corrupt Practices Act as it scooped up subsidiaries across the globe and repeatedly failed to act on red flags of corruption.

  • September 23, 2021

    Mich. Doctor Convicted In $100M Injections-For-Pills Scheme

    A Detroit federal jury has convicted a doctor for his involvement in what prosecutors said was a $100 million fraud scheme involving billing for spine surgeries in exchange for opioid prescriptions.

  • September 23, 2021

    JPMorgan To Pay Treasury Futures Investors $16M For Spoofs

    JPMorgan Chase and a proposed class of investors have reached a $15.7 million settlement over allegations of harm from a yearslong scheme by the bank's traders to manipulate the U.S. Treasury futures market.

  • September 23, 2021

    Canadian Regulators Warn Crypto Platforms About Marketing

    Canadian securities regulators on Thursday warned digital asset platforms against "gambling-style" promotions and social media marketing tactics, saying some strategies could be violating securities laws.

  • September 23, 2021

    Ex-OppenheimerFunds Analyst Charged With Insider Trading

    A former OppenheimerFunds quantitative analyst on Thursday was hit with insider trading charges in Manhattan federal court over an alleged $8.5 million scheme to front-run ahead of the asset manager's trades.

  • September 23, 2021

    'Varsity Blues' Kids' Choice Of Sport Didn't Matter, Jury Hears

    A hedge fund founder accused of bribing his daughters' way into top schools as fake athletic recruits was told by the mastermind of the "Varsity Blues" scheme that one child's choice of sport "doesn't matter" and said the other could be a sailor even though she "hates sailing," jurors heard Thursday.

  • September 23, 2021

    Georgia Gov. Appoints Commission To Review DA Indictment

    Georgia Governor Brian Kemp signed an executive order Wednesday appointing a three-person review commission to determine if indicted Chattahoochee Judicial Circuit District Attorney Mark Jones should be suspended from office.

  • September 23, 2021

    NDTX's Acting US Atty To Leave For Private Practice

    The acting U.S. attorney for the Northern District of Texas has said he will step down effective Oct. 1 to enter private practice after nearly nine months at the district's helm. 

  • September 23, 2021

    ENRC Judge Casts Doubt On Gerrard, SFO Conspiracy

    A judge openly questioned Thursday whether Dechert LLP's ex-head of white collar crime conspired with a former Serious Fraud Office director to sap a Kazakh miner for fines and legal fees, saying at trial their motivations appeared to be in conflict.

  • September 22, 2021

    Texas Panel Mulls Immunity In Whistleblower Suit Against AG

    A Texas appellate panel was told during oral arguments Wednesday it should dismiss a whistleblower lawsuit against the state's attorney general by four of his former top aides who allege they were fired for reporting abuses of power on the ground that the attorney general is immune from the claims.

Expert Analysis

  • 3 Attorney Ethics Considerations For Litigation Funding

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    The growth of the litigation finance industry has generated questions on the obligations of counsel when their clients are seeking outside capital to fund litigation, which litigators must understand when providing information to a third-party funder and discussing legal strategy with a client, says Matthew Oxman at LexShares.

  • How ABA Opinion Shifts Alternative Biz Structure Landscape

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    A recent American Bar Association opinion approving lawyers' passive investment in nonlawyer-owned firms eliminates a hurdle for law firms wishing to scale their practice through alternative business structures, but aspiring investors should follow a few best practices, say Hilary Gerzhoy and Deepika Ravi at Harris Wiltshire.

  • Telehealth Providers Must Beware Of Fraud As Industry Grows

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    A recent fraud charge against a telehealth executive highlights the rise we're seeing in telefraud scams during the industry's pandemic growth, and there are some steps that all health providers should take to stay clear of potentially illegal arrangements, says LaTawnda Moore at Dinsmore.

  • How Crypto Cos. Can Help Curb Pandemic Relief Fraud

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    The conversion of pandemic relief funds to cryptocurrency impedes oversight and raises questions about whether taxpayer dollars are going to bad actors, so crypto companies should partner with law enforcement to curb fraud, while gaining credibility and protecting the industry's reputation, say Special Inspector General for Pandemic Recovery Brian Miller and former SIGPR special counsel Chris Cooke.

  • Series

    Embracing ESG: HPE Counsel Talk Effective Board Oversight

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    Governance teams can more effectively shape board oversight of environmental, social and governance issues by ensuring organizationwide agreement on the most relevant issues, building a materiality framework that reflects stakeholder input, and monitoring the integration of ESG into operations, say Rishi Varma and Derek Windham at Hewlett Packard Enterprise.

  • Now Is The Time For A Compliance Program Tuneup

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    As pandemic-related telework continues to create new ethics risks, employers should use this opportunity to evaluate and strengthen their compliance approach using the U.S. Department of Justice’s updated guidance to prosecutors, says Raymond Perez at Fisher Phillips.

  • Opinion

    Justice Gap Demands Look At New Legal Service Models

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    Current restrictions on how lawyers structure their businesses stand in the way of meaningful access to justice for many Americans, so states should follow the lead of Utah and Florida and test out innovative law firm business models through regulatory sandboxes, says Zachariah DeMeola at the Institute for the Advancement of the American Legal System.

  • How Websites Can Ward Off Novel State Law Wiretap Suits

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    As plaintiffs' legal theories surrounding wiretapping and the use of third-party analytics tools to collect data have evolved, with attorneys now filing privacy and security-breaching suits under state statutes, there are several strategies websites can employ to guard against these claims and defeat class actions, say attorneys at Perkins Coie.

  • OFAC Settlement Extends Sanctions' Reach Beyond US Dollar

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    The recent Office of Foreign Assets Control settlement with JC Flowers & Co. over sanctions arising from non-U.S. currency services provided by its Romanian bank subsidiary extends OFAC's reach outside the U.S. financial system, and highlights the need to educate foreign affiliates about U.S. sanctions compliance, say attorneys at Arnold & Porter.

  • Navigating Dealer Status After SEC Settlement With Adviser

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    Following the U.S. Securities and Exchange Commission's recent settlement with Murchinson over allegations the investment adviser caused a hedge fund to act as an unregistered dealer, hedge funds should reassess their trading practices to avoid triggering SEC and Financial Industry Regulatory Authority dealer registration requirements, say Ignacio Sandoval and Steven Stone at Morgan Lewis.

  • Series

    Embracing ESG: Leidos GC Talks Social Responsibility

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    Recent criticisms of corporate commitments to stakeholders such as employees and communities — implicitly opposing environmental, social and governance initiatives — are fundamentally flawed and display a serious misunderstanding of contemporary investor priorities and dynamics, says Jerald Howe at Leidos.

  • Opinion

    High Court's McGirt Ruling Will Not Lead To Disaster

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    Despite contentions that the U.S. Supreme Court's decision in McGirt v. Oklahoma will put substantial burden on the justice system and allow criminals to go unpunished, any potential fallout is surmountable if the state, federal government and tribes cooperate, say Steven Gordon and Philip Baker-Shenk at Holland & Knight.

  • Pharma Cos. Should Prepare For New Drug-Rebate Scrutiny

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    President Joe Biden's recent executive order on competition and new Federal Trade Commission leadership mean pharmaceutical companies should anticipate a stricter focus on drug pricing and rebating practices, and plan to defend against potential price strategy challenges from government enforcers and private plaintiffs, say attorneys at Gibson Dunn.

  • Fraud Enforcement Risk Mitigation Steps For PPP Lenders

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    Notwithstanding hold-harmless provisions included in the Paycheck Protection Program, lenders are not protected from U.S. Department of Justice fraud investigations or False Claims Act qui tam suits and should consider strategies to reduce potential liability, say Derek Adams at Potomac Law and Jesse Morton at Stout Risius.

  • Lessons In Crisis Lawyering 20 Years After 9/11

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    Dianne Phillips at Holland & Knight recounts her experiences as in-house counsel at a liquefied natural gas company in the tumultuous aftermath of Sept. 11, 2001, and details the lessons she learned about lawyering in a crisis, including the importance of careful forethought and having trusted advisers on speed dial.

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