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White Collar
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October 29, 2025
Brothers Found Guilty Of $100M HIV Drug Fraud
A Florida federal jury on Wednesday convicted two Maryland brothers accused of conspiring to distribute about $100 million worth of misbranded HIV drugs, finding them guilty of fraud charges related to selling the medication with fake tracing documents.
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October 29, 2025
Wells Fargo Agrees To Trim $481M Loan Suit Against JPMorgan
Wells Fargo, JPMorgan Chase & Co., New York City developer Meyer Chetrit and other parties submitted a proposed agreement that will get rid of most of Wells Fargo's nine-count suit accusing JPMorgan and the others in New York federal court of being liable for a $481 million mortgage loan deal that caused "tens of millions of dollars in losses."
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October 29, 2025
Halligan Defends Exchange With Reporter Flagged By James
Federal prosecutors argued that special media restrictions aren't needed in their case against New York Attorney General Letitia James, after her lawyers called out U.S. Attorney Lindsey Halligan's texts to a reporter in a filing last week and asked the court for an order barring further media communications.
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October 29, 2025
7th Circ. Skeptical Of Bid To Toss Ex-Atty's Bribery Conviction
Judges on a Seventh Circuit panel appeared doubtful Wednesday of a former attorney's contention that he never bribed ex-Chicago Alderman Ed Burke and was merely seeking to hire him for a legal matter.
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October 29, 2025
Bankrupt Chinese Exile's Wife Fights Loss Of $7.25M Mansion
The wife of Chinese exile and convicted fraudster Miles Guo is appealing a Connecticut federal judge's decision to include a $7.25 million Greenwich mansion in her husband's Chapter 11 estate, court records show.
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October 29, 2025
Pa. Judge Accused Of COVID Fraud Scores Diversion Deal
A Pennsylvania federal court on Wednesday formally terminated jury selection and halted a trial set to begin next week, one day after approving a diversion agreement between prosecutors and a state judge charged with misusing COVID-19 unemployment relief money.
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October 29, 2025
Calif. Co. Cites Export Ban In Bid To Block $490K Judgment
A Los Angeles boat builder that supplies law enforcement agencies and the U.S. military asked a California federal judge to block a Chinese company's attempt to enforce a $490,000 arbitral award, saying payment would violate federal export controls.
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October 28, 2025
LA's Acting US Atty Essayli 'Not Lawfully Serving,' Judge Says
Bill Essayli "is not lawfully serving" as the acting U.S. attorney in Los Angeles, a federal judge ruled Tuesday evening, disqualifying President Donald Trump's pick from serving in that role while declining to outright toss indictments in three criminal cases under his supervision.
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October 28, 2025
Democrats Press Treasury, DOJ On Binance Founder's Pardon
Senate Democrats pressed leaders of the U.S. Department of the Treasury and the U.S. Department of Justice on how President Donald Trump's recent pardon of Binance founder Changpeng Zhao affects their ability to "hold criminals accountable," arguing in a Tuesday letter that the clemency came after a deal that "enriched" the president.
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October 28, 2025
Treasury Urged To Embrace Tech In Crypto Compliance Push
Cryptocurrency advocates and bank trade groups both urged the U.S. Department of the Treasury to issue guidance that will enable them to use novel technologies to keep up with illicit finance threats in digital asset markets, although banks cautioned the regulator to keep institutions and crypto upstarts on equal footing when it comes to burdens to fight money laundering.
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October 28, 2025
Ex-FBI Informant Loses Appeal Over $12M Short-Swing Profits
The Second Circuit on Tuesday ordered a former FBI informant to return $12.3 million in profits he made off of short-swing trading in a pair of publicly traded companies, with the court ruling that he was tardy in his attempts to try to get the amount reduced.
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October 28, 2025
Nikola Founder's Suit Against CNBC Is 'Hubris,' NJ Panel Told
CNBC and Hindenburg Research LLC urged a New Jersey appellate panel on Tuesday to block the trade libel claims of Nikola Corp.'s founder, executive chairman and chief executive, saying he was merely recasting a time-barred defamation claim to sidestep New Jersey's one-year statute of limitations.
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October 28, 2025
11th Circ. Certifies Questions On Fla. Collection Law
The Eleventh Circuit on Monday sent a series of questions to the Florida Supreme Court to clarify how the state's collection and fraudulent-transfer statutes interact in a long-running dispute over a $90,000 defamation judgment.
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October 28, 2025
Ex-Khashoggi Atty Gets One Year For Lying On Taxes
A Maryland attorney with a high-profile client list who pled guilty to lying on his tax returns was sentenced Tuesday in Michigan federal court to spend a year in prison and pay $354,000 in restitution, as the judge said she felt that to "just lose some money" wasn't enough punishment.
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October 28, 2025
Comey Gets Backing Of Ex-DOJ Officials, Lawmakers, Judges
More than 100 former U.S. Department of Justice officials, a group of former federal judges and U.S. attorneys, current and former members of Congress, and a nonprofit focused on defending democracy are all backing former FBI Director James Comey's effort to nix his criminal prosecution.
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October 28, 2025
Jones Day Bolsters Ranks With Another DOJ Attorney
Jones Day has added another U.S. Department of Justice alum to its ranks, the firm announced Tuesday, welcoming the former attorney responsible for national security-related matters in the Office of the Deputy Attorney General.
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October 28, 2025
3 Judge Picks Sent To Senate Despite No Public Notice
The Senate Judiciary Committee has received pre-hearing paperwork for anticipated judicial nominees for Texas, Alaska and Arkansas, despite no formal announcement yet from President Donald Trump.
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October 28, 2025
Judge Calls Out Feds' 'Troubling' Ábrego García Statements
A Tennessee federal judge is requiring Trump administration officials to adhere to a local criminal rule barring extrajudicial statements in its criminal case against Kilmar Ábrego García over human smuggling charges, citing the Salvadoran's right to a fair trial.
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October 28, 2025
Getting Grilled By FINRA 'Blows,' StraightPath Exec Texted
A StraightPath co-founder on trial for an alleged $400 million investor fraud complained via text about a Financial Industry Regulatory Authority probe as he gave what prosecutors call false testimony, evidence before a Manhattan federal jury showed Tuesday.
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October 28, 2025
Mass. Bar Reprimands Ex-US Atty Rollins Over Leak, Texts
A divided panel of state bar regulators voted to publicly reprimand former Massachusetts U.S. Attorney Rachael Rollins for leaking confidential material about an investigation to a reporter and then trying to deflect suspicion in a deceptive message to subordinates, a lawyer for Rollins confirmed Tuesday.
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October 28, 2025
Trump Appeals 'Unprecedented' NY Criminal Conviction
President Donald Trump appealed his New York criminal conviction for falsifying business records, arguing the charges were defective, the jury was improperly instructed, the judge was biased and that he was immune from prosecution.
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October 27, 2025
Tom Hayes Slaps UBS With $400M Malicious Prosecution Suit
Former UBS trader Tom Hayes has filed a $400 million suit against his old employer, claiming the company "maliciously" framed him as the "evil mastermind" behind the company's Libor scandal despite the fact that he was explicitly directed to try to influence Libor submissions while at UBS.
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October 27, 2025
MIT Bros Go After 'Sandwichers' In $25M Crypto Heist Trial
The CEO of Savannah Technologies on Monday took the witness stand in the trial of two MIT-educated brothers accused of stealing $25 million from the Israeli cryptocurrency trading firm and others, and quarreled with defense counsel over the appropriateness of the company's use of a controversial strategy known as sandwich trading.
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October 27, 2025
Bros. Had No Fraud Intent In HIV Drug Scam, Fla. Jury Told
Two Maryland brothers accused of orchestrating a roughly $100 million misbranded HIV drug scheme told a Florida federal jury Monday they had no intent to defraud, saying they were deceived by a co-conspirator who they made a partner in their company.
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October 27, 2025
Trump Taps Ex-Willkie Atty For 2nd Shot At Filling CFTC Chair
President Donald Trump has chosen a former Willkie Farr & Gallagher LLP partner and top attorney on the U.S. Securities and Exchange Commission's cryptocurrency task force to head the U.S. Commodity Futures Trading Commission, tapping the crypto industry advocate to lead an agency struggling with a leadership void.
Expert Analysis
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Rebuttal
BigLaw Settlements Should Not Spur Ethics Deregulation
A recent Law360 op-ed argued that loosening law firm funding restrictions would make BigLaw firms less inclined to settle with the Trump administration, but deregulating legal financing ethics may well prove to be not merely ineffective, but counterproductive, says Laurel Kilgour at the American Economic Liberties Project.
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What FinCEN's AML Rule Delay Means For Advisers
Even with the Financial Crimes Enforcement Network's statement last month delaying the compliance date for a rule requiring advisers to report suspicious activity, advisers can expect some level of U.S. Securities and Exchange Commission oversight in connection with anti-money laundering compliance, say attorneys at Simpson Thacher.
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5 Ways Lawyers Can Earn Back The Public's Trust
Amid salacious headlines about lawyers behaving badly and recent polls showing the public’s increasingly unfavorable view of attorneys, we must make meaningful changes to our culture to rebuild trust in the legal system, says Carl Taylor at Carl Taylor Law.
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How To Successfully Challenge Jurors For Cause In 5 Steps
To effectively challenge a potential juror for cause, attorneys should follow a multistep framework rather than skipping straight to the final qualification question, says Ken Broda-Bahm at Persuasion Strategies.
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Criminal Healthcare Fraud Takeaways From 4th Circ. Reversal
After the Fourth Circuit reversed a doctor’s postconviction acquittal in U.S. v. Elfenbein last month, defense attorneys should consider three strategies when handling complex criminal healthcare matters, says Jonathan Porter at Husch Blackwell.
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Series
Hiking Makes Me A Better Lawyer
On the trail, I have thought often about the parallels between hiking and high-stakes patent litigation, and why strategizing, preparation, perseverance and joy are important skills for success in both endeavors, says Barbara Fiacco at Foley Hoag.
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White House Report Strikes An Optimistic Note On Crypto
Taking seriously President Donald Trump's pledge to adopt a pro-innovation mindset toward digital assets and blockchain technologies, a recent benchmark White House report on crypto provides a comprehensive regulatory framework that takes into account the products' novel characteristics within the high-tech ecosystem, say attorneys at Davis Wright.
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DC Circ. Ruling Augurs More Scrutiny Of Blanket Gag Orders
The D.C. Circuit’s recent ruling in In re: Sealed Case, finding that an omnibus nondisclosure order was too sweeping, should serve as a wake-up call to prosecutors and provide a road map for private parties to push back on overbroad secrecy demands, says Gregory Rosen at Rogers Joseph.
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Series
Law School's Missed Lessons: Negotiation Skills
I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, where I've discovered that the process is less about tricks or tactics, and more about clarity, preparation and communication, says Grant Schrantz at Haug Barron.
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DOJ Whistleblower Program May Fuel Criminal Antitrust Tack
A recently launched Justice Department program that provides rewards for reporting antitrust crimes related to the U.S. Postal Service will serve to supplement the department’s leniency program, signaling an ambition to expand criminal enforcement while deepening collaboration across agencies, say attorneys at Crowell & Moring.
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Opinion
Bar Exam Reform Must Expand Beyond A Single Updated Test
Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.
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Export Misconduct Resolutions Emphasize BIS, DOJ Priorities
The U.S. Department of Justice's and Bureau of Industry and Security's recently resolved parallel enforcement actions against semiconductor technology company Cadence Design demonstrate the agencies' prioritization of penalties for export control violations involving China, as well as the importance of voluntary self-disclosure, say attorneys at Fenwick.
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A Simple Way Courts Can Help Attys Avoid AI Hallucinations
As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.
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DOJ Consumer Branch's End Leaves FDA Litigation Questions
With the dissolution of the U.S. Department of Justice's Consumer Protection Branch set to occur by Sept. 30, companies must carefully monitor how responsibility is reallocated for civil and criminal enforcement cases related to products regulated by the U.S. Food and Drug Administration, say attorneys at Foley & Lardner.
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What's At Stake In High Court Review Of Funds' Right To Sue
The U.S. Supreme Court's upcoming review of FS Credit Opportunities v. Saba Capital Master Fund, a case testing the limits of using Investment Company Act Section 47(b) to give funds a private right of action to enforce other sections of the law, could either encourage or curb similar activist investor lawsuits, say attorneys at Goodwin.