White Collar

  • April 09, 2026

    Rivera's Ex-Partner Kept Cut Of $50M Venezuela Contract

    Real estate developer and convicted drug trafficker Hugo Perera told jurors Thursday he regretted "1,000%" getting involved with former U.S. Rep. David Rivera in a $50 million contract with a unit of Venezuela's state-owned oil company but admitted he kept his $5 million cut of the deal.

  • April 09, 2026

    Combs Takes Sentencing Argument To Flummoxed 2nd Circ.

    A Second Circuit panel struggled Thursday with Sean "Diddy" Combs' argument that he was penalized too severely for transporting women for prostitution, saying it is the first appeals court nationwide to attempt to interpret new sentencing protocols on acquitted conduct.

  • April 09, 2026

    Citron Founder Loses Bid To Trim DOJ Fraud Case

    A California federal judge has rejected Citron Research founder Andrew Left's bid to trim the federal government's criminal securities fraud case, saying the indictment's first count is not "duplicitous" because it alleges a single market-manipulation scheme involving multiple misleading statements and does not need to be split into multiple counts.

  • April 09, 2026

    Arizona Check Casher Says FinCEN Rule Is 'Crushing' Business

    A Phoenix-area money services business has sued the Treasury Department over an order targeting such businesses along the Southern border for heightened anti-money laundering reporting requirements, saying the measure imposes "business-crushing burdens" that may force it to close.

  • April 09, 2026

    Mich. Panel Clarifies Role Of Intent In Miranda Waiver Rules

    A Michigan state appellate panel said Wednesday that intent matters when police officers read suspects their Miranda rights in the midst of questioning them, then seek to use information gathered during the post-Miranda interview to build a case against them.

  • April 09, 2026

    SEC Says FTX Auditor Didn't Understand Crypto Markets

    A Prager Metis equity partner who led the firm's audits of defunct crypto asset trading platform FTX has been barred, for now, from appearing or practicing before the U.S. Securities and Exchange Commission in connection with the regulator's claims he mishandled the FTX financial reviews and improperly blessed its financial statements.

  • April 09, 2026

    SEC Accuses VC Fund Of Management Fee Fraud

    The U.S. Securities and Exchange Commission on Thursday sued Backswing Ventures GP LLC and its principal in a Florida federal court, alleging the venture capital firm paid itself seven times as much money in management fees than it told investors it would.

  • April 09, 2026

    Fed Ends Crédit Agricole, Goldman Enforcement Orders

    The Federal Reserve said Thursday that it has closed out another batch of longstanding enforcement actions against big banks, freeing Crédit Agricole, Goldman Sachs and Taiwan's Mega Bank from orders that date to at least 2018.

  • April 09, 2026

    Software Co. Investor Claim Sounds 'Like Fraud,' Judge Says

    A Georgia federal judge signaled Thursday that supply chain software firm Manhattan Associates Inc. may have to face a shareholder class action from investors who say they were misled about the company's revenues, remarking that their claim, at least as alleged, "sounds to me like fraud."

  • April 09, 2026

    Crypto CEO Fights Extradition On Human Rights Grounds

    The former chief executive of a crypto-asset company fought against extradition to the U.S. on fraud charges on Thursday, telling a London court that it would violate his human rights as he would be at an increased risk of suicide.

  • April 09, 2026

    5th Circ. Revives Reinsurance Broker Row Over Credit Mishap

    The Fifth Circuit revived a suit by an insurer's owner alleging that its broker failed to administer its reinsurance program properly, leading to over $100 million in losses when it discovered the program lacked a valid line of credit.

  • April 09, 2026

    Fuel Executive Gets 5 Years For $4.5M Navy Fraud Scheme

    A Florida federal judge sentenced a former fuel executive to five years in prison after a jury found him guilty of defrauding the U.S. Department of Defense of more than $4.5 million.

  • April 09, 2026

    Companies Linked To Scam Network Seek Ch. 15 Recognition

    Court-appointed liquidators of the companies in the Prince Group — linked by U.S. and U.K. authorities to a massive Cambodia-based "pig butchering" network that used human-trafficked captives to sell scam crypto investments — are seeking Chapter 15 recognition of their insolvency proceedings.

  • April 08, 2026

    Feds Move To Block Arizona's Gambling Laws Against Kalshi

    The U.S. Department of Justice and the U.S. Commodity Futures Trading Commission on Wednesday backed Kalshi's assertion that Arizona's gambling laws cannot be applied to federally regulated prediction market platforms, the same day the Phoenix federal court rejected Kalshi's bid to halt enforcement of those state laws.

  • April 08, 2026

    Ex-US Atty Rollins Eyes Boston DA Comeback After Probes

    Former Massachusetts U.S. Attorney Rachael Rollins, who stepped down amid multiple ethics investigations, pulled papers Wednesday to run for a return to her former office as Suffolk County district attorney, an elections official confirmed.

  • April 08, 2026

    AI Hiring Startup Reckless With Users' Data, Suit Says

    A San Francisco startup that helps experts land roles training artificial intelligence models failed to prevent a cyberattack that exfiltrated databases, source code, and the personal information of customers and employees from the startup's information technology network, a putative class action in California federal court alleged.

  • April 08, 2026

    Fla. Insurer, Ex-Parent To Pay $135M Over ACA Fraud Scheme

    A Florida insurer and its former parent, which is a Delaware-based national partnership of insurance brokers, have agreed to pay $135 million collectively to resolve allegations of a scheme to enroll ineligible consumers into subsidized Affordable Care Act plans and of defrauding the federal government of more than $140 million. 

  • April 08, 2026

    7th Circ. Questions Internet Scammer's Phone Search Appeal

    A Seventh Circuit judge seemed skeptical Wednesday of a Chicago area fraudster's argument that federal border protection agents needed a warrant before searching his cell phones for evidence of romance, mystery shopper and other scams that he received a nine-year prison sentence for leading.

  • April 08, 2026

    Trump Asks NY's Top Court To Toss AG's 'Flawed' Fraud Case

    President Donald Trump on Wednesday asked New York's highest court to throw out New York Attorney General Letitia James' "deeply flawed" civil fraud judgment entirely after a lower appellate court tossed what it called an "excessive" $489 million penalty against the president, his sons and his real estate companies.

  • April 08, 2026

    VC Fund Chief, Firms To Pay SEC $2.4M To Settle Fraud Claim

    A Florida resident and his investment advisory firms agreed Wednesday to pay nearly $2.4 million to the U.S. Securities and Exchange Commission to settle claims they made false and misleading disclosures to investors in the venture capital funds they managed.

  • April 08, 2026

    FinCEN, OFAC Propose AML Rules For Stablecoin Issuers

    The U.S. Department of the Treasury's Financial Crimes Enforcement Network and Office of Foreign Assets Control issued a joint proposed rule Wednesday to implement the anti-money laundering and sanctions compliance program requirements of the federal stablecoin framework known as the Genius Act.

  • April 08, 2026

    SEC Watchdog To Pay Tipsters Who Uncover Agency Waste

    The U.S. Securities and Exchange Commission's Office of Inspector General has launched a cash awards program that the agency hopes will incentivize its workers to report fraud, waste and mismanagement.

  • April 08, 2026

    Gambling Machine Owners Shutter, Forfeit $5M In Pa. Plea Deal

    Two companies pled guilty to operating hundreds of illegal video gaming machines throughout Pennsylvania and forfeited $5 million in assets in a deal announced Wednesday by the state's attorney general's office.

  • April 08, 2026

    Tax Preparer Gets 12 Years In Largest-Ever COVID Tax Fraud

    A New Jersey tax preparer was sentenced Wednesday to 12 years in prison and ordered to pay $55 million in restitution to the Internal Revenue Service after a jury convicted him of tax fraud in what authorities said was the nation's largest tax fraud case involving COVID-19 pandemic relief money.

  • April 08, 2026

    $37M Award For Whistleblowers Nixed In Medicaid Fraud Row

    A Texas state appeals court did away with an order awarding three whistleblowers a $37 million share of the state's settlement resolving Medicaid fraud allegations against Xerox, finding their respective cases over the alleged scheme were based on publicly available information.

Expert Analysis

  • Series

    The Law Firm Merger Diaries: Getting The Message Across

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    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • How High Court Could Upend Campaign Spending Rules

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    In National Republican Senatorial Committee v. Federal Election Commission, the U.S. Supreme Court will hear arguments about the constitutionality of coordinated party contribution spending caps, and its decision will have immediate practical effects just as the 2026 election gets underway, says Bill Powers at Spencer Fane.

  • How Bank-Fintech Partnerships Changed In 2025

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    The 2025 transition to the Trump administration, augmented by the reversal of Chevron deference in 2024, has resulted in unprecedented shifts, and bank-fintech partnerships are no exception, with key changes affecting a number of areas including charters, regulatory oversight and anti-money laundering, say attorneys at K&L Gates.

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

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    Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

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    Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

  • Series

    Preaching Makes Me A Better Lawyer

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    Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.

  • Why Digital Asset Treasuries Are Drawing Regulator Concerns

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    Financial regulators’ recent focus on potential insider trading and investor risk at hundreds of publicly traded digital asset treasuries may have been summoned by how quickly this rapidly expanding market responds to asset allocation decisions, as well as variations in risk disclosure practices across the sector, say attorneys at The Brattle Group.

  • How Unchecked AI Exposes Expert Opinions To Exclusion

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    A growing number of cases illustrate the potential for misuse of artificial intelligence tools by experts in litigation, resulting in reports with hallucinated information or unexplainable analysis, so to embrace the efficiencies AI tools introduce without falling victim to the risks, attorneys and experts should implement a few best practices, say attorneys at Willkie Farr.

  • Minn. Financial Abuse Law Should Prompt Operational Review

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    A new Minnesota law targeting the financial exploitation of vulnerable adults with an order-for-protection mechanism will affect multiple functions across banking organizations, and in the time remaining in 2025, banks should take action to update any needed workflow and documentation protocols, say attorneys at Winthrop & Weinstine.

  • SEC Penalties Trended Down In FY 2025, Offering 2026 Clues

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    The U.S. Securities and Exchange Commission's settled corporate penalties in fiscal year 2025 show a clear dividing line, as the largest penalties all came before Inauguration Day, a trend that may continue as the types of cases that lead to the biggest penalties seem to be no longer favored by the commissioners, say attorneys at Dentons.

  • Series

    Law School's Missed Lessons: Practicing Client-Led Litigation

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    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • A Primer On NYDFS' 3rd-Party Cybersecurity Guidance

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    The New York Department of Financial Services' recently released comprehensive guidance for registrants on managing cybersecurity risks associated with third-party service providers illustrates why proactive engagement by senior leadership, robust due diligence, strong contractual protections and ongoing oversight are essential to mitigating growing risks, say attorneys at McGuireWoods.

  • Perspectives

    Nursing Home Abuse Cases Face 3 Barriers That Need Reform

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    Recent headlines reveal persistent gaps in oversight and protection for vulnerable residents in long-term care, but prosecution of these cases is often stymied by numerous challenges that will require a comprehensive overhaul of regulatory, legal and financial structures to address, says Veronica Finkelstein at Wilmington University.

  • Series

    The Law Firm Merger Diaries: How To Build On Cultural Fit

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    Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.

  • Takeaways From First Resolution After FCPA Pause Was Lifted

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    The U.S. Department of Justice’s recent deferred prosecution agreement with TIGO Guatemala — its first Foreign Corrupt Practice Act corporate resolution after issuing new guidelines and resuming enforcement — highlights several aspects of the administration’s approach to corporate foreign bribery enforcement, say attorneys at Cleary.

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