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White Collar

  • November 14, 2018

    For CFTC, 2018 Was One Of The 'Most Vigorous' In Its History

    The U.S. Commodity Futures Trading Commission broke new ground in its enforcement this past year, with the largest number of market manipulation cases ever brought and the most cases involving parallel criminal charges, the agency announced on Wednesday.

  • November 14, 2018

    S. Korean Cos. On Hook For $236M In Bid-Rigging Conspiracy

    Three South Korea-based oil refiners and logistics companies pled guilty Wednesday to rigging bids on U.S. Department of Defense fuel supply contracts, violating the Sherman Antitrust Act, and agreed to pay $236 million in criminal fines and civil damages, according to the U.S. Department of Justice.

  • November 14, 2018

    Ex-Broker Can't Skirt Prison For NY Pay-To-Play Scheme

    Former New York broker Gregg Schonhorn was sentenced Wednesday to a year and a day in prison for his role in a pay-to-play bribery scheme in which a former New York pension fund director steered more than $3 billion in business from the New York State Common Retirement Fund to corrupt brokers, despite the defendant's "exceptional" cooperation with authorities.

  • November 14, 2018

    Avenatti Arrested On Felony Domestic Violence Charge

    Michael Avenatti, the attorney representing adult film actress Stormy Daniels in her now-dismissed defamation suit against President Donald Trump, was arrested on a felony domestic violence charge, the Los Angeles Police Department said Wednesday.

  • November 14, 2018

    Ex-UN Boss Bribe Plans Are Fair Game In FCPA Trial

    A New York federal judge on Wednesday said the government may introduce evidence in the Foreign Corrupt Practices Act trial of the head of a Chinese nongovernmental organization that he planned to bribe the same United Nations official at the center of Chinese real estate billionaire Ng Lap Seng’s bribery case.

  • November 14, 2018

    9th Circ. Judge Doubts Bio-Rad Appeal Of Ex-GC's $11M Win

    A Ninth Circuit judge appeared skeptical Wednesday of Bio-Rad Laboratories Inc.'s arguments in favor of overturning an $11 million whistleblower judgment against the company, repeatedly questioning its counsel during a hearing on how an erroneous jury instruction would change the outcome of the verdict.

  • November 14, 2018

    Transport Agency Beats Ex-Worker's Corruption Claims

    A Missouri federal judge threw out a case Wednesday that claimed a Missouri-Illinois Metropolitan District development agency cheated the government out of millions in federal funds for its operations and capital improvements, and used the money to make political paybacks, finding no evidence the agency violated federal anti-corruption laws.

  • November 14, 2018

    Gibson Dunn Bows Out Of Pharma RICO Suit Amid DQ Bid

    Gibson Dunn & Crutcher LLP has withdrawn as counsel for Heritage Pharmaceuticals Inc. in the company’s Racketeer Influenced and Corrupt Organizations Act suit against two former executives amid their pending motions to disqualify the firm over its prior ties to them, according to a letter sent by co-counsel to a New Jersey federal judge.

  • November 14, 2018

    IRS Focuses On 'Traditional' Tax Crimes Amid Staff Decreases

    The Internal Revenue Service has focused this year’s criminal investigations on “traditional” cases — including international tax enforcement — as it employed the lowest number of special agents since the early 1970s, according to an agency report issued Wednesday.

  • November 14, 2018

    Ex-BofA VP Spared Long Sentence For Nonprofit Kickbacks

    The one-year prison term U.S. District Judge Allison D. Burroughs imposed Wednesday on a former Bank of America executive who embezzled $2.7 million by hoodwinking nonprofits was not the sentence she originally had planned.

  • November 14, 2018

    Brokers Can't Have SEC Docs On Allegedly Abusive Witness

    A New York federal judge won't allow a brokerage and foreign trading firm to force the U.S. Securities and Exchange Commission to produce documents relating to a witness’ testimony about his alleged harassment of a former romantic partner, saying the witness was not untruthful and the line of questioning was inappropriate.

  • November 14, 2018

    Wyo. Tells Justices Crow Tribe's Hunting Right Is Finished

    Wyoming urged the U.S. Supreme Court not to overturn a Crow tribe member’s state court conviction for illegal elk hunting in the Bighorn National Forest, saying the tribe and its member are trying to revive a treaty hunting right that federal courts long ago found has ceased to exist.

  • November 14, 2018

    GOP Senate Leader Puts Brakes On Mueller Protection Bill

    The Senate's Republican leader, Mitch McConnell of Kentucky, tamped down an effort Wednesday to pass a bill protecting Special Counsel Robert Mueller, setting up a showdown with Arizona Republican Jeff Flake, who vowed to block judicial nominations over the issue.

  • November 14, 2018

    Ex-State Street Exec Gets 6 Mos. For Role In Fraud Scheme

    Despite a passionate plea to avoid serving time behind bars 5,000 miles away from his home, a former State Street Corp. executive was sentenced to six months in federal prison Wednesday for his role in a scheme to tack on millions of dollars in hidden fees to unsuspecting international clients.

  • November 14, 2018

    Retired Navy Capt. Cops To Role In 'Fat Leonard' Bribery Case

    A retired U.S. Navy captain pled guilty Tuesday to his role in the sweeping “Fat Leonard” bribery scheme related to Navy port services contracts, as a former master chief petty officer was also sentenced to 17 months in prison for his involvement.

  • November 14, 2018

    Ex-Dewey Exec Trying To Ax $1M Fine Deserves Jail, DA Says

    Counsel for Dewey & LeBoeuf LLP's former chief financial officer will square off Thursday in Manhattan with prosecutors who claim the ex-executive should be jailed after asking a New York state judge to toss or reduce the $1 million fine he was sentenced to pay following his fraud conviction last year.

  • November 14, 2018

    Aveo CFO Testifies He Had Support For Disclosure Decisions

    Lawyers, board members and company officials all signed off on a decision by Aveo Pharmaceuticals to not tell investors about a recommendation for a new clinical trial, Aveo's former chief financial officer testified Wednesday as the defendant in a civil securities fraud case in Massachusetts federal court.

  • November 14, 2018

    Snap Facing Gov't Probes After Pre-IPO Instagram Claims

    Snap Inc.’s disclosures to investors ahead of its March 2017 initial public offering are the target of investigations by the U.S. Department of Justice and Securities and Exchange Commission expected to focus on statements about potential competition with Instagram, a company spokesperson confirmed Wednesday.

  • November 14, 2018

    Revolving-Door Roundup: Morvillo, Kirkland, Steptoe

    Several veteran enforcement attorneys shifted to private practice this fall, with Morvillo Abramowitz picking up an outgoing Manhattan securities fraud chief, Steptoe & Johnson LLP bringing back a former deputy director at the U.S. Securities and Exchange Commission, and others taking jobs in Georgia, Illinois and Washington, D.C.

  • November 14, 2018

    Man Admits To FCC Bomb Threat Over Net Neutrality Vote

    A California man pled guilty Tuesday to phoning in a false bomb threat at the Federal Communications Commission in December as the agency was poised to vote on its net neutrality deregulation.

Expert Analysis

  • Simple Secrets For Improving Your CLE

    Daniel Karon

    With few cases going to trial, many attorneys keep their oral-presentation skills sharp by teaching continuing legal education programs. To avoid giving a CLE that falls flat and damages your reputation, you must fashion a thoughtful message, control its presentation, and nail the beginning and ending, says Daniel Karon of Karon LLC.

  • It’s Time For Law Firms To Start Talking About Gen Z

    Eliza Stoker

    Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.

  • Guest Feature

    The Many Lives Of Michael Chertoff

    Randy Maniloff

    Randy Maniloff begins his interview with the nation’s second secretary of homeland security by saying he wants to go over his resume. The look on Michael Chertoff's face: “Bring it on.”

  • DOJ's Yates Memo Has Little Effect On Antitrust Division

    Eric Meiring

    Since the Yates memo on individual accountability for corporate crimes was issued in 2015, the overall number of criminal antitrust cases is down significantly, and the prosecutions of Steppig, Maruyasu and Lischewski illustrate the policy's lack of lasting impact, say Eric Meiring and Brandon Duke of Winston & Strawn LLP.

  • What To Expect From New Democratic Investigation Efforts

    Reginald Brown

    The new Democratic House majority is expected to direct much of its attention to executive branch oversight and accountability. Companies and their legal counsel should be prepared for a dramatically changed collateral environment as investigations cover a wide range of topics, say attorneys at WilmerHale.

  • Q&A

    Back To School: Yale's Linda Greenhouse Talks Journalism

    Linda Greenhouse

    In this series featuring law school luminaries, Yale Law School lecturer and Pulitzer Prize-winning reporter Linda Greenhouse discusses her coverage of the U.S. Supreme Court, the conservatives' long game and trends in journalism.

  • Opinion

    An Opportunity To Slow The Rise Of Securities Class Actions

    Joshua Briones

    A major securities fraud case now before the U.S. Supreme Court — Lorenzo v. U.S. Securities and Exchange Commission — marks the first of many opportunities the court will have to roll back expansive interpretations of securities law and deter plaintiffs from filing low-quality complaints, say attorneys with Mintz Levin Cohn Ferris Glovsky and Popeo PC.

  • Opinion

    Celebrate Veterans By Improving Their Access To Justice

    Linda Klein

    Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.

  • Iran Sanctions Reimposed: 5 Key Questions

    Mario Mancuso

    With this week's reimposition of the final tranche of U.S. sanctions against Iran, foreign subsidiaries of U.S. companies must ensure they have concluded all Iran-related business. The addition of more Iranian individuals and entities to the specially designated nationals list means additional compliance risks, say attorneys with Kirkland & Ellis LLP.

  • Beware FCPA Risks When Courting Foreign Investment

    Brandt Leibe

    As the growth of foreign direct investments in the U.S. continues, companies and their employees should focus on the risk that they are interacting with “foreign officials” — as defined by the Foreign Corrupt Practices Act and the courts — even if that interaction takes place entirely within the U.S., say attorneys with King & Spalding LLP.