White Collar

  • July 31, 2020

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen the Solicitors Regulation Authority file a claim against HSBC, insurers AXA and Allianz sue Swiss insurance giant Zurich, and Cantor Fitzgerald appeal a case involving a rival broker not long after a judge said their poaching dispute belongs in the U.K. Here, Law360 looks at those and other new claims in the U.K.

  • July 30, 2020

    Ex-Ga. Rep. To Settle SEC's $23M Securities Fraud Claims

    A businessman and former Georgia legislator has agreed to settle the U.S. Securities and Exchange Commission's claim that he conned investors out of $23 million for a bogus clean energy project, court records filed Thursday show.

  • July 30, 2020

    PG&E Names Old Legal Hand To Take Over As GC

    Pacific Gas and Electric Co. has appointed a former interim CEO as its new top lawyer as part of its latest management shakeup, which came about a month after the utility emerged from Chapter 11 bankruptcy and pled guilty to starting a wildfire in California that killed 84 people.

  • July 30, 2020

    EU Sanctions N. Korea, China Firms For Alleged Cybercrime

    The European Union on Thursday imposed financial and travel restrictions on a Russian military intelligence unit and Chinese and North Korean companies accused of supporting a global set of cyberattacks, in its first ever sanctions over cybercrime.

  • July 30, 2020

    Maxwell Asks 2nd Circ. To Keep Epstein Docs Sealed

    Former Jeffrey Epstein associate Ghislaine Maxwell asked the Second Circuit on Wednesday to stop a New York federal judge from unsealing documents from a settled defamation suit, which she says contain details about her sex life and could irreparably bias jurors in her criminal sex trafficking case.

  • July 30, 2020

    Chinese National Admits Trade Secret Theft From Ohio Lab

    A Chinese national pled guilty Thursday in Ohio federal court to conspiring to steal trade secrets from Nationwide Children's Hospital, where she worked as a researcher.

  • July 30, 2020

    SEC Says Texas Man Scammed Retired Cops In $14M Scheme

    The U.S. Securities and Exchange Commission on Thursday accused a Texas man of defrauding investors, many of them retired San Antonio police officers, out of $14 million in a purported aviation parts leasing scheme.

  • July 30, 2020

    Cohen Gets Feds' OK For Home Confinement And Trump Book

    President Donald Trump's former lawyer Michael Cohen has reached an agreement with federal prosecutors that would allow him to serve out his remaining prison sentence from home and also publish a forthcoming book about the president, according to a joint bid for approval filed in New York federal court Thursday.

  • July 30, 2020

    Investor Can't Prove XRP Statements Were False, Ripple Says

    An investor in the XRP cryptocurrency, who accuses the token's developer Ripple Labs Inc. and its CEO Bradley Garlinghouse in a proposed class action of lying and engaging in an unregistered securities offering, cannot show that the statements he points to were false, Ripple and Garlinghouse told a California federal court Wednesday.

  • July 30, 2020

    Donziger Seeks To Delay Contempt Case Due To Pandemic

    New York environmental attorney Steven Donziger on Wednesday asked the federal judge overseeing his criminal contempt case stemming from a yearslong saga with Chevron Corp. over pollution in Ecuador to delay his upcoming trial in light of logistical challenges posed by the COVID-19 pandemic. 

  • July 30, 2020

    Ex-Lawmaker Sentenced To 2 Years In Pot Bribery Scheme

    A former member of Maryland's House of Delegates was sentenced Wednesday to two years in federal prison after pleading guilty to accepting bribes to support the expansion of the state's number of medical marijuana licenses, among other favors.

  • July 30, 2020

    Disbarred NY Attys Settle SEC's PixarBio Merger Suit

    Two disbarred New York attorneys have agreed to pay $29,000 to end the U.S. Securities and Exchange Commission's suit accusing them of facilitating a sham merger involving biotech PixarBio, according to a consent motion filed Thursday in Massachusetts federal court.

  • July 30, 2020

    Aon, Ex-CEO Of Bolivia Units Settle Row Over Use Of Funds

    An Illinois federal judge on Wednesday signed off on a global settlement of several disputes between insurance brokerage Aon Corp. and the former CEO of two of its Bolivia subsidiaries, whom Aon had accused of using company money for his own ventures.

  • July 30, 2020

    GenCanna Bankruptcy Halts Ex-CFO's Labor Complaint

    A former executive at bankrupt hemp company GenCanna can't bypass the creditor claims process to pursue his former employer for severance he claims he is owed after he was forced out for uncovering fraud, a judge said Thursday.

  • July 30, 2020

    Longfin Investors Secure $223M Judgment In NY Fraud Case

    A Manhattan federal judge on Wednesday handed a win to investors in shuttered cryptocurrency company Longfin Corp., determining that the company should have to pay more than $223 million in connection with alleged securities fraud.

  • July 30, 2020

    Harvard Prof Denies New Tax Charges Over Chinese Univ. Gig

    A Harvard University chemistry professor charged with lying to U.S. authorities about his research ties to a Chinese university pled not guilty on Thursday to new allegations that he failed to report income from the arrangement.

  • July 30, 2020

    Revolving-Door Roundup: Jenner & Block, Weil, Munger Tolles

    Fewer attorneys than usual have left government for the private sector during the COVID-19 pandemic, but a handful of spring and summer hires show the revolving door still spins for those with notable work under their belt.

  • July 30, 2020

    Calif. Chief Cybercrimes Prosecutor Jumps To Halpern May

    Halpern May Ybarra Gelberg LLP has picked the former chief of the cyber and intellectual property crimes section at the U.S. attorney's office in Los Angeles to head its new cybersecurity and data privacy practice group. 

  • July 30, 2020

    Ex-Ohio Speaker, Lobbyists Indicted In Energy Corruption Suit

    Former Ohio Speaker Larry Householder and four others were indicted on charges of taking more than $59 million in bribes from an energy company, prosecutors revealed Wednesday, the same day the House of Representatives stripped Householder of his title.

  • July 30, 2020

    Full DC Circ. To Rehear Michael Flynn Dismissal Fight

    The D.C. Circuit on Thursday granted a federal judge's request to take another look at a divided panel's ruling last month ordering him to immediately end the prosecution of former national security adviser Michael Flynn amid efforts to scrutinize the U.S. Department of Justice's move to throw out the criminal case.

  • July 30, 2020

    SFO Charges Airbus Unit, 3 Men Over Saudi Corruption

    The Serious Fraud Office said Thursday that it has charged an Airbus subsidiary operating in Saudi Arabia and three individuals with corruption in connection with its long-running bribery probe. 

  • July 29, 2020

    Maxwell Loses 11th-Hour Bid To Keep Epstein Docs Sealed

    Former Jeffrey Epstein associate Ghislaine Maxwell lost an eleventh-hour bid Wednesday to stop a New York federal judge from unsealing a trove of documents from a settled defamation suit, but the socialite, who is accused of sex trafficking in a criminal case, quickly filed a notice to appeal to the Second Circuit.

  • July 29, 2020

    Judge Wants Clear Steps On Carnival Enviro Compliance

    A Florida federal judge overseeing Carnival Corp.'s compliance with a settlement for environmental violations joined the federal government in expressing frustration during a hearing Wednesday over the cruise giant's efforts to revamp its internal investigations operations.

  • July 29, 2020

    OIG Criticizes Oversight Of $1B In Puerto Rico Power Deals

    The Puerto Rico Electric Power Authority and FEMA failed to properly oversee more than $1 billion in contentious contracts to restore power to the island, meaning PREPA may have overspent on the deals, according to a watchdog report.

  • July 29, 2020

    CohnReznick Can't Escape Suit By Platinum Investors

    CohnReznick LLP will have to face a suit brought by aggrieved Platinum Partners investors who say they lost $63 million in part because of the auditor's whitewashing of Platinum's many problems after a New York state judge said the case is solid enough to go forward.

Expert Analysis

  • Rebuttal

    The Remote Jury Trial Is Not A Bad Idea

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    A recent Law360 guest article argued that the fundamental genius of the jury trial can only exist in a live setting in a courtroom, but the online process is at least as fair as its in-person counterpart, says Pavel Bespalko at Tricorne.

  • Corporate Investigation Lessons From EBay Stalking Scandal

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    The recent eBay criminal cyberstalking scandal reminds companies and law firms that investigative activities, even if undertaken solely using online research tools, could easily risk criminal or civil legal liability and violations of attorney ethics rules, says Joseph DeMarco at DeVore & DeMarco.

  • A Midyear Look At Key US Sanctions Developments

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    During an active first half of 2020, the Office of Foreign Assets Control strengthened its sanctions programs, issued new guidance documents and announced several enforcement actions, underscoring that even during a pandemic, sanctions compliance is indispensable, say attorneys at Ropes & Gray.

  • Opinion

    'Friends And Family' Insider Trading Theory Is Debatable

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    While it is widely accepted that securities trading by friends and loved ones of corporate insiders amounts to securities fraud, the theory is based on a generous deference to the U.S. Securities and Exchange Commission under two controversial U.S. Supreme Court precedents, and now may be a uniquely opportune time to challenge them, says Russell Ryan at King & Spalding.

  • Updated DOJ Guidance Holds COVID-19 Compliance Clues

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    The U.S. Department of Justice's recently updated corporate compliance guide includes a few modest edits that are especially relevant in the COVID-19 environment as companies navigate new risks and consider new business models amid tightening budgets, say Audrey Harris and Juliet Gunev at Mayer Brown.

  • What You Say In Online Mediation May Be Discoverable

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    Mediation conducted online with participants in different states makes it harder to determine where communications were made, increasing the risk that courts will apply laws of a state that does not protect mediation confidentiality, say mediators Jeff Kichaven and Teresa Frisbie and law student Tyler Codina.

  • Defense Considerations For SEC Remote Interview Requests

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    Without a pandemic resolution in sight, defense counsel will need to make adaptations when addressing remote testimony requests from the U.S. Securities and Exchange Commission, including negotiating for favorable interview conditions and mitigating the consequences of a refusal to testify, say attorneys at Richards Kibbe.

  • Addressing Facial Recognition Tech's Discriminatory Potential

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    Recent civil rights groups' objections, industry statements and proposed bills on the use of facial recognition technology highlight several problematic concerns, including that it lacks accuracy in identifying nonwhite individuals and may play a role in racially discriminatory policing, say Laura Jehl and Kari Prochaska at McDermott.

  • Cert. Denial In Televisa May Embroil 3rd-Party Asset Managers

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    A New York federal court's recent refusal to grant class certification to investors in Grupo Televisa in a FIFA scandal stock-drop case may lead to additional discovery burdens for asset managers performing third-party management services for pooled investment vehicles, say attorneys at Ropes & Gray.

  • A Legal Guide To What Happens Next In US Atty Berman Saga

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    Although the next moves following the dramatic ouster of Geoffrey Berman as U.S. attorney for the Southern District of New York, and the status of Audrey Strauss as acting U.S. attorney, are largely circumscribed by the Federal Vacancies Reform Act, open questions remain, says Daniel Levy at McKool Smith.

  • 10 Tips For A Successful Remote Arbitration Hearing

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    As I learned after completing a recent international arbitration remotely, with advance planning a video hearing can replicate the in-person experience surprisingly well, and may actually be superior in certain respects, says Kate Shih at Quinn Emanuel.

  • Perspectives

    Police Reform Should Curtail, Not Codify, Qualified Immunity

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    The Justice in Policing Act passed by the House last week and intended to roll back qualified immunity protections for police officers is not perfect, but it is progress compared to the failed Reforming Qualified Immunity Act that would have clandestinely strengthened the barriers shielding officers from liability, says Edward Ibeh at Akerman.

  • Opinion

    To Achieve Diversity, Law Firms Must Reinvent Hiring Process

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    If law firms are truly serious about making meaningful change in terms of diversity, they must adopt a demographically neutral, unbiased hiring equation that looks at personality traits with greater import than grades and class rank, says Thomas Latino at Florida State University College of Law.

  • 4 Tips For Data Analytics Following DOJ Compliance Guide

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    In light of disruptions caused by the pandemic, and the U.S. Department of Justice's recent guidance emphasizing data analytics in compliance monitoring, companies should proceed deliberately with a few key considerations, say Michael DeBernardis and Jonathan Zygielbaum at Hughes Hubbard.

  • Virus, Regs Highlight Need For Model State Whistleblower Law

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    The North American Securities Administrators Association's recently proposed model state whistleblower law could be a timely weapon against securities misconduct in light of the new and unique opportunities COVID-19 presents for fraudsters, and certain federal registration exemptions that may soon be relaxed, says attorney Patrick McCloskey.

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