White Collar

  • July 24, 2017

    'Click Fraud' Trial To Test Reach Of Feds' Cybercrime Powers

    Federal prosecutors in Brooklyn are gearing up to try an Italian citizen who allegedly created a global network of infected computers to fuel a "click fraud" scheme against advertising companies, a first-of-its-kind trial experts say will mark a pivotal test of the government's ability to tie individuals to complex cybercrimes that are growing in both size and sophistication.

  • July 24, 2017

    SEC Wins Bid To Shield Notes From Atty Gone Fraudster

    A D.C. federal judge ruled Monday that an attorney convicted for his role in helping former NFL player Willie Gault manipulate a medical device company's stock can't use the Freedom of Information Act to pry most of the files he wants from the U.S. Securities and Exchange Commission.

  • July 24, 2017

    SEC Says Broker-Dealer Can't Ditch Suit Over 'Layering'

    The U.S. Securities and Exchange Commission urged a New York federal court Friday not to let broker-dealer Lek Securities Corp. and its CEO off the hook from the agency’s suit that alleges the company aided a Ukrainian former client’s efforts to influence securities prices using techniques like the “layering” of phony trades to mimic market forces.

  • July 24, 2017

    Fresh Charges Eyed For Alleged NY Fed Scammers

    Six alleged fraudsters accused of stealing $50 million from investors by posing as New York Federal Reserve employees may soon face additional criminal charges stemming from what a federal prosecutor characterized Monday as a different scheme.

  • July 24, 2017

    Auto Racer's Wife Urges 9th Circ. To Nix $27M FTC Win

    The wife of professional auto racer Scott Tucker told the Ninth Circuit on Friday a court order mandating she and her company disgorge $27 million in "ill-gotten gains" as part of a $1.3 billion Federal Trade Commission unlawful payday lending suit against her husband improperly relieves the commission from having to prove the money was received illegally.

  • July 24, 2017

    Former Bank Exec Could Face 5 Years Over Tax Conspiracy

    The former vice president of a South Carolina bank faces up to five years in prison after pleading guilty on Monday to providing illegal loans to a staffing company that owed the government millions in unpaid payroll taxes, according to the U.S. Department of Justice.

  • July 24, 2017

    Shkreli Says He Won't Take Stand At Securities Fraud Trial

    Martin Shkreli on Monday told a New York federal judge that he will not take the witness stand in his own defense at his securities fraud trial, while jurors were shown documents indicating that Shkreli's hedge funds were strapped for cash while he boasted of hefty returns for investors.

  • July 24, 2017

    Ex-Louis Berger Exec Can Move FCA Suit To NJ, Judge Rules

    A former Louis Berger Group Inc. executive facing allegations he conspired to overbill the federal government on Afghanistan and Iraq reconstruction contracts on Monday won his bid to have the case transferred from Maryland to New Jersey, when a federal judge reasoned the case has no connection to the former state.

  • July 24, 2017

    Driver Of Rig Charged With Smuggling After 10 Die In Texas

    The driver of a tractor trailer who told authorities he didn't know his rig was loaded down with as many as 200 immigrants — 10 of whom perished in the sweltering heat — was charged Monday in Texas federal court with unlawfully transporting undocumented immigrants and could face life in prison or the death penalty.

  • July 24, 2017

    8th Circ. Won't Reconsider Sigillito Ponzi Victims' Case

    The Eighth Circuit has refused to rehear a suit against St. Louis Bank brought by victims of a $56 million Ponzi scheme orchestrated by St. Louis attorney and Anglican Bishop Martin Sigillito after finding in May that the bank didn’t know the money moving through Sigillito's accounts was being stolen.

  • July 24, 2017

    Leading Fla. Surgeon Settles False Claims Suit For $4M

    A Florida doctor who is a leading authority on parathyroid surgery will pay $4 million to resolve a False Claims Act whistleblower suit accusing him of knowingly filing duplicative charges with federal health care programs, the U.S. Department of Justice announced Monday.

  • July 24, 2017

    Crowell & Moring Adds Ex-Official In DOJ Antitrust Unit

    A former official in the U.S. Department of Justice’s Antitrust Division joined Crowell & Moring LLP as a partner in its New York office, the firm said Monday, bringing a wealth of experience in litigation and antitrust investigations back to the private sector.

  • July 24, 2017

    Feds Seek 8-Year Fraud Sentence For Gambler Billy Walters

    Prosecutors asked a New York federal judge on Friday to sentence prominent gambler Billy Walters to a guidelines sentence of at least 97 months on his insider trading convictions, saying a lenient sentence would set a “dangerous precedent” for financial fraudsters.

  • July 24, 2017

    Venezuelan Sentenced For $2.2M Tax Fraud With Hacked Info

    A Venezuelan citizen pled guilty Friday in Pennsylvania federal court to one count of conspiracy to defraud the United States in a case accusing her of filing $2.2 million in false tax returns for more than 900 University of Pittsburgh Medical Center employees after hacking the university’s database.

  • July 24, 2017

    Ex-Simpson Thacher Clerk Fights SEC’s $2M Penalty Bid

    A former Simpson Thacher & Bartlett LLP clerk convicted of passing inside information to friends told a New Jersey federal judge Friday that the U.S. Securities and Exchange Commission’s requested $2 million penalty is too high in light of fact he faces a nearly four-year prison sentence even though he only made $667 off the scheme.

  • July 24, 2017

    UK Boosts Cross-Border Fraud Cooperation With EU, For Now

    British legislation entering into force on Monday cements the right of European Union authorities to demand the execution of cross-border criminal investigation requests, even as legal experts question whether the pioneering enforcement law will survive the U.K.'s exit from the EU.

  • July 24, 2017

    FCA Outlines Remit For New Money Laundering Supervisor

    The Financial Conduct Authority launched a consultation on Monday into how its planned new body will oversee the way professional bodies comply with money laundering regulations, as the regulator also seeks views on the costs it will impose on the industry to fund the work.

  • July 21, 2017

    The Best Law Firms For Female Partners

    Although women have made some strides toward gender parity in the lower ranks of law firms, breaking into the equity tier remains elusive. These 20 firms, however, are leaders in advancing equality at the top, earning them the designation of Law360 Ceiling Smasher.

  • July 21, 2017

    The 2017 Law360 Glass Ceiling Report

    U.S. law firms have long been overwhelmingly dominated by men, particularly at the partnership level, and Law360’s latest Glass Ceiling Report shows that recent progress has been — at best — only incremental.

  • July 21, 2017

    How 4 Firms Are Moving The Needle On Gender Diversity

    A handful of law firms of various sizes and types are outpacing their peers on including women in their ranks. Here’s why four of them are positioned toward the front of the pack.

Expert Analysis

  • Planning A Legal Career With A Future Relocation In Mind

    Jacqueline Bokser LeFebvre

    Lawyers move to New York City to work on some of the most sophisticated work the legal market has to offer. This exposure and experience is an amazing asset and many of the skills developed will make associates very marketable in the event they consider relocating to another market. However, this isn’t always the case, says Jacqueline Bokser LeFebvre of Major Lindsey & Africa.

  • OFAC Continues To Pursue Oil And Gas Companies

    Michael Casey

    The ExxonMobil penalty is the latest in a string of recent, increasingly aggressive U.S. Treasury Department Office of Foreign Assets Control enforcement actions targeting nonfinancial institutions and particularly entities operating in the oil and gas industry, say attorneys with Ropes & Gray LLP.

  • The Elephant In The Room: Advancing Women To Partnership

    Anusia Gillespie

    Despite more focus and investment, the numbers continue to show little progress in advancing women to the top tiers of firm leadership. Considering the irreversible nature of the transformation of the market for top talent, it is time to start experimenting and innovating from the core, rather than from the periphery, say Anusia Gillespie and Scott Westfahl of Harvard Law School.

  • How Midsize Law Firms Can Minimize Cybersecurity Threats

    K. Stefan Chin

    It can be challenging for midsize law firms to develop an enterprise cybersecurity program that mitigates the eminent threat of data breach and meets the regulatory and compliance requirements of the firm and its clients. This challenge becomes daunting when considering the steady rise in client audits, say K. Stefan Chin of Peckar & Abramson PC and John Sweeney of Logicforce.

  • 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

    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.