White Collar

  • May 26, 2017

    Feds Say Billy Walters' Retrial Bid Is Doomed

    Manhattan federal prosecutors said in court papers Friday that prominent gambler Billy Walters' request for a new insider trading trial because former Dean Foods Chairman Tom Davis allegedly perjured himself is no more than a rehash of failed arguments presented during summation that is doomed without new evidence.

  • May 26, 2017

    UN Bribery Trial Tees Up Questions On FCPA, Corruption

    A trial set this coming week in a complex case against a Chinese businessman accused of bribing U.N. officials sets the stage for a judge to consider unique questions about the scope of the Foreign Corrupt Practices Act and other U.S. bribery laws.

  • May 26, 2017

    Supplier Pays $95M To End FCA Case In Iraq War Food Deal

    Logistics company Agility will pay $95 million to settle a False Claims Act suit related to alleged overcharging on $8.5 billion in Iraq War food supply contracts, it announced Friday, following the earlier resolution of related criminal and contractual disputes.

  • May 26, 2017

    Omnicare Pays $13M To End Kickback, Medicaid Fraud Suit

    Omnicare Inc. on Thursday asked a Massachusetts federal judge to approve a $13 million settlement to end a False Claims Act case brought by whistleblowers alleging fraudulent Medicaid claims and kickbacks to pharmacies that prescribed an antidepressant drug.

  • May 26, 2017

    Union Treasurer Charged For Putting Wife On Payroll

    Federal prosecutors in Illinois on Friday announced that a grand jury has indicted a union leader who hired his wife as part of an alleged scheme to illegally collect Social Security benefits.

  • May 26, 2017

    UNC Answers Latest NCAA Allegations Over 'Sham' Classes

    The University of North Carolina-Chapel Hill made public on Friday its response to the latest NCAA notice of allegations of sham courses for athletes, saying in the response that the classes in question were available to all students and any irregularities were academic in nature and not subject to NCAA enforcement.

  • May 26, 2017

    Feds Scoff At Philly DA Bid To Toss Charges, Limit Testimony

    Federal prosecutors in Pennsylvania pushed back Friday against an attempt by the Philadelphia district attorney to see 15 criminal charges dismissed, telling the court that the “official act” counts are supported by evidence and should stay in the case.

  • May 26, 2017

    Accused Tax Dodger Can't Duck $1K-A-Day Contempt Fine

    U.S. District Judge William H. Pauley III declined Thursday to absolve an art consultant charged with dodging taxes on a $3.5 million inheritance of contempt for failing to timely retrieve Swiss bank records subject to grand jury subpoenas, setting up a possible Second Circuit fight over her remaining obligations.

  • May 26, 2017

    Ocwen Says Loan Auditor Billed Strip Clubs, Bloated Hours

    A lawsuit filed by Ocwen Financial Corp. alleges that the monitor hired by California regulators as part of a June 2015 mortgage servicing settlement fraudulently inflated monthly rates and attempted to bill Ocwen for employees’ outings to strip clubs and casinos.

  • May 26, 2017

    Former Mexican Finance Secretary, Wife Face Fraud Charges

    Federal prosecutors have indicted a Mexican state’s former secretary of finance and his wife on charges of bank fraud conspiracy and money laundering conspiracy, according to court records that were unsealed Wednesday following the wife’s arrest in the Houston area.

  • May 26, 2017

    Radar Sues For FBI Docs In Billionaire Sex Trafficking Case

    National gossip website Radar says the FBI should give up its investigative records of a wealthy and well-connected financier who was previously accused of sex trafficking, in a lawsuit filed in New York federal court Thursday.

  • May 26, 2017

    Medicare Fraudsters Get Nods For 4-Year Plea Deals

    A Michigan federal judge approved on Thursday plea deals for two Michigan doctors who pled guilty to conspiring to commit health care and wire fraud, backing roughly four-year sentences for a crime that carries a maximum penalty of 20 years in prison.

  • May 26, 2017

    2nd Circ. Won't Save Ex-Venezuela Ambassador's RICO Case

    A former U.S. ambassador to Venezuela and anti-corruption consultant who accused two wealthy Venezuelans of paying bribes and defaming him failed to convince the Second Circuit to revive his case, with the court saying Friday the allegations underlying his racketeering suit were barely related.

  • May 26, 2017

    Atty And Her Dad Used $50M EB-5 Scam To Buy Homes: Gov't.

    Federal prosecutors have accused a California attorney and her father of purchasing numerous multimillion-dollar properties across Southern California with money obtained from their alleged $50 million EB-5 scam that helped Chinese nationals get fraudulent green cards.

  • May 26, 2017

    SEC, Investment Adviser Settle On $1.7M Disgorgement

    The head of a wealth management firm has agreed to pay approximately $1.7 million to settle a U.S. Securities and Exchange Commission suit in New York federal court, following an earlier guilty plea to an investment adviser fraud charge in a parallel criminal suit.

  • May 26, 2017

    Federal Prosecutor Found Dead On South Florida Beach

    An assistant U.S. attorney for the Southern District of Florida was found dead this week on a Hollywood, Florida, beach with a head wound caused by a possible gunshot, according to local police.

  • May 25, 2017

    'Hedge Fund' Founder Pleads Guilty To Fraud Charges

    A would-be hedge fund founder pled guilty Thursday in New York federal court to a conspiracy charge tied to his alleged ploy to lure investors into a new fund by touting its great prior performance — performance that didn’t exist — prosecutors said.

  • May 25, 2017

    Waymo Says Uber Can’t Hide Exec’s Alleged IP Crimes

    Alphabet Inc. unit Waymo asked a California federal judge Thursday to make Uber hand over a due-diligence report prepared in anticipation of acquiring a self-driving car company started by Anthony Levandowski, an ex-Waymo employee accused of stealing trade secrets, arguing Uber was trying to invoke a work-product privilege to shroud Levandowski's alleged crimes.

  • May 25, 2017

    Bribed National Guardsman Makes His Case to Evade Jail

    A retired Army National Guard colonel convicted of accepting a company’s $55,000 bribe to steer a $5.5 million recruiting contract argued to a Virginia federal court Thursday that his behavior since authorities questioned him about the scandal should keep him out of jail.

  • May 25, 2017

    Pa. Justices Affirm Turnpike Agency's Reimbursement Win

    Pennsylvania’s high court declined Thursday to change a state appeals court’s finding that a former CEO of the Pennsylvania Turnpike Commission was not entitled to $300,000 in legal fee reimbursements from a pay-to-play case in which he pled guilty to a felony charge.

Expert Analysis

  • The Expert Witness Who Will Explode

    Bruce Gerstman

    When an expert witness takes the stand, one should not assume that the only challenge will be to their testimony. An investigation into the background of a witness may turn up lawsuits, dubious credentials, a misstated educational or employment record or other problems. Any of these may irreparably damage a witness' credibility on the stand, says Bruce Gerstman of Waterfront Intelligence Inc.

  • My Milkshake Is Better Than Yours: Part 2

    Jill Dessalines

    In the second installment of this two-part series on disruptive innovation among mid-size law firms, Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former senior vice president at McKesson Corp., explores a number of ideas for keeping clients and maintaining market position.

  • Questions Following Prevezon Money Laundering Settlement

    Elizabeth Prewitt

    The Prevezon case stands out as an example of the extraordinary lengths the U.S. government can and will go to assert jurisdiction over matters involving foreign entities and persons who commit crimes abroad to the detriment of foreign countries and citizens. However, since the matter settled, the government’s case was not tested at trial, say attorneys with Hughes Hubbard & Reed LLP.

  • My Milkshake Is Better Than Yours: Part 1

    Jill Dessalines

    As I sat there listening, incredulous to learn that "Milkshake" was not only a real song but also a chart-topper, it reminded me of Harvard Business School Professor Clayton Christensen’s work on disruptive innovation — and how it pertains to mid-size law firms, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp.

  • Weekly Column

    Talking 'Bull': Episode 23, Benevolent Deception

    Roy Futterman

    Most of the jury consulting on this show has consisted of illegal and unethical behavior amid nonsensical trial practices, but at the end of the day, it has probably not done permanent damage to the U.S. legal system — so far, says jury consultant Roy Futterman as the debut season of the CBS show "Bull" comes to a close.

  • Unaoil Judgment Shows Judicial Support For SFO Authority

    Kevin Roberts

    In its Unaoil ruling, the High Court of Justice in England and Wales recently provided a rare insight into the difficulties that companies can face when challenging the basis of a Serious Fraud Office investigation. The stance of the judiciary seems to be in line with authorities and legislators, allowing prosecuting authorities a wide remit of independence with which to investigate financial crimes, say attorneys with Morrison & Foerster LLP.

  • Concerns And Conflicts When Investigating Gov't Officials

    David Frulla

    The appointment of former FBI Director Robert Mueller as special counsel to investigate Russia’s efforts to interfere in the 2016 presidential election invoked a well-trod path, both in the U.S. and around the world. However, deputizing an outside attorney to investigate actions by high-ranking government officials brings with it two sets of concerns that are often in tension, says David Frulla of Kelley Drye & Warren LLP.

  • Attorneys, Your Input Is Needed On Deposition Rule

    Frank Silvestri, Jr.

    Every lawyer who’s handled a civil case in federal court knows about Rule 30(b)(6), governing deposition procedures. But for many real-world deposition dilemmas, the rule offers little guidance. Last year, an Advisory Committee on Civil Rules subcommittee began considering whether the rule should be amended. Now attorneys must advise the subcommittee how to proceed, says Frank Silvestri Jr. of Verrill Dana LLP.

  • Why Insider Benefit Is Irrelevant To Criminal Insider Trading

    David Chaiken

    Lawyers and commentators have spilled oceans of ink analyzing what kind of insider benefit and what level of tippee knowledge of such benefit are sufficient to establish liability for insider trading. But what has been largely ignored is that in criminal insider trading cases, the U.S. Department of Justice is legally empowered to avoid those issues entirely, say David Chaiken of Troutman Sanders LLP and Paul Monnin of Paul Hastings LLP.

  • How Client Feedback Programs Benefit Law Firms And Clients

    Elizabeth Duffy

    Despite an increase in engagement with client feedback programs over the last 15 years, law firms — and their clients — have a way to go before realizing the maximum benefits such programs can deliver, says Elizabeth Duffy of Acritas US Inc.