White Collar

  • November 15, 2019

    Ex-Keppel Atty Gets Probation In Petrobras Bribe Case

    A former in-house attorney for Keppel Offshore & Marine Ltd. was sentenced to probation Friday for his role in the company's overseas bribery after a Brooklyn federal judge took his cooperation with the government into account.

  • November 15, 2019

    Indivior Can't Duck Opioid Marketing Fraud Indictment

    Indivior can’t shed an indictment alleging it engaged in fraudulent opioid marketing just because prosecutors gave a grand jury evidence about a doctor’s unrelated fraud convictions, a Virginia federal judge has ruled, saying the company’s concerns about guilt by association were overstated.

  • November 15, 2019

    4th Person Charged In JPMorgan Spoofing Case

    A former JPMorgan Chase & Co. salesman has become the fourth person to be charged in a criminal racketeering case over an alleged multimillion-dollar precious metals market spoofing scheme, according to a superseding indictment filed in Illinois federal court.

  • November 15, 2019

    'Varsity Blues' Bribe Middleman Cops To Racketeering Charge

    The former head of a Texas tennis academy pled guilty to racketeering conspiracy for acting as a middleman for the mastermind of the “Varsity Blues” college admissions case, admitting he helped the children of wealthy parents be admitted to college as phony tennis recruits.

  • November 15, 2019

    Atlantic Salmon Farmers Snagged In US Cartel Probe

    Following raids from European enforcers earlier this year, the U.S. Department of Justice's Antitrust Division has opened a criminal investigation into allegations of collusion in the Atlantic salmon farming industry.

  • November 15, 2019

    SEC's Cognizant Bribe Suit Paused Amid Criminal Case

    A New Jersey federal judge cited the risk of conflicting rulings in pausing a U.S. Securities and Exchange Commission suit against the former president and chief legal officer of Cognizant Technology Solutions Corp. over an alleged bribery scheme until a related criminal case is resolved.

  • November 15, 2019

    Donziger Still A Flight Risk, Judge-Appointed Prosecutor Says

    Embattled attorney Steve Donziger remains a flight risk and shouldn’t get his home confinement restrictions loosened as he faces contempt charges, a court-appointed prosecutor told a New York federal court in recent days.

  • November 15, 2019

    Jay Peak Fraud Case Must Stay In Vt., Feds Say

    A developer accused of defrauding foreign investors in a Vermont EB-5 project shouldn’t be able to move the case out of state, federal prosecutors said Thursday, arguing that media coverage has been fair and the risk of prejudicing a jury in the upcoming trial is low.

  • November 15, 2019

    Trump Asks Justices To Halt Business Records Subpoena

    President Donald Trump asked the U.S. Supreme Court on Friday to pause the enforcement of a subpoena by the House Oversight and Reform Committee seeking eight years of his business records from his longtime accounting firm, according to his attorney.

  • November 15, 2019

    Trump And House Dems Seek End To Suit Over Subpoena

    President Donald Trump and House Democrats are urging a D.C. federal judge to toss a lawsuit brought against them by a former White House national security aide who is navigating the competing demands of a congressional subpoena and presidential instructions not to testify before Congress.

  • November 15, 2019

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

    The past week in London has seen Libya's sovereign wealth fund sue Credit Suisse amid a long-running bribery battle, retailer Sports Direct take on its former accountant Grant Thornton, and a host of underwriters file claims against a shipowner and its bank a month after winning a case over a fake pirate attack. Here, Law360 looks at those and other new claims in the U.K.

  • November 15, 2019

    Jury Convicts Trump Ally Roger Stone On All Counts

    A D.C. federal jury found former Trump campaign adviser Roger Stone guilty Friday of all seven felony charges of lying to Congress about his connections with WikiLeaks, witness tampering and obstructing a congressional committee's probe into Russian interference in the 2016 U.S. presidential election.

  • November 14, 2019

    Mass. SIM Swappers Arrested For Up To $550K Crypto Theft

    The U.S. Department of Justice announced Thursday the arrest of two Massachusetts-based men who were indicted on various counts after engaging in the act of "SIM swapping" and stealing or intending to steal cryptocurrency valued up to $550,000.

  • November 14, 2019

    Mozambique Maritime Deals Were Legit, Boustani Jury Hears

    Attorneys for Privinvest Group executive Jean Boustani on Thursday sought to cast a different light on maritime projects in Mozambique that prosecutors say were at the center of a $2 billion fraud and kickback scheme, eliciting testimony from insiders at the Abu Dhabi-based shipbuilder who told jurors the projects were aboveboard.

  • November 14, 2019

    Liebowitz's Attorney Pleads For Leniency Over Lies To Judge

    Weeks after a federal judge threatened to imprison lawyer Richard Liebowitz for lying about the death of his grandfather, a criminal defense attorney and family friend sent the judge a letter begging her to forgive the embattled copyright litigator for his “inexcusable falsity.”

  • November 14, 2019

    Health Care Ad Co. Ex-Executive Faces Fraud Claims

    A former health care advertising company executive faces parallel criminal charges and civil claims over a multi-pronged advertising fraud scheme targeting the company’s clients, federal prosecutors and regulators said Thursday.

  • November 14, 2019

    Facebook Says Gov't Demands For User Data At All-Time High

    Facebook said Wednesday that it received more requests from governments around the world for access to user data in the first half of 2019 than ever before, and insisted that it continues to push back on overbroad demands and doesn't provide officials with "back doors" to encrypted data. 

  • November 14, 2019

    Stone Jury Asks If WikiLeaks Contact Claim Is Testimony

    A D.C. federal jury deciding the fate of former Trump campaign adviser Roger Stone ended its first day of deliberations Thursday with two written questions, including one appearing to indicate that jurors are wrestling over whether the longtime Republican operative lied that a liberal talk show host was his intermediary with WikiLeaks.

  • November 14, 2019

    Atlanta Atty, Ex-Investment Cos. GC Cops To $40M Fraud

    An Atlanta-based attorney who served as general counsel to several Georgia companies that bought life insurance policies and subprime vehicle loans has pled guilty in federal court to conspiring to defraud investors of more than $40 million, prosecutors have announced.

  • November 14, 2019

    Gov't Tells Jury Ex-Nuke Exec's Role In Kickbacks Is Clear

    The former president of a nuclear logistics company accused of fraudulently securing transportation contracts from a Russian uranium supplier deliberately participated in a kickback scheme, and there's plenty of evidence to prove it, prosecutors told a Maryland federal jury Thursday.

  • November 14, 2019

    Bipartisan Bill Would Curb Gov't Use Of Facial Recognition

    Two U.S. senators introduced a bipartisan bill on Thursday that would require federal law enforcement to get a warrant to track people using facial recognition technology for longer than 72 hours, the latest bid to scale back the use of a largely unregulated technology.

  • November 14, 2019

    KPMG's Cut Corners Cost School $7.4M, Jury Told In Closings

    An attorney for Merrimack College told a Massachusetts jury during closing arguments Thursday that a former employee’s student loan fraud would have been stopped years earlier if KPMG auditors had done financial testing they were supposed to do, while KPMG’s counsel said the college had only itself to blame.

  • November 14, 2019

    Two Chinese Ex-Herbalife Execs Charged With Bribery

    Two former executives at health supplement company Herbalife’s Chinese subsidiary have been charged in a plot to bribe officials in return for business licenses and other advantages, federal prosecutors announced Thursday.

  • November 14, 2019

    Mass. Cannabis Industry Welcomes Feds' Regulatory Probe

    Cannabis lawyers applauded news last week that the Boston U.S. attorney's office is investigating potential public corruption in the cannabis sector, saying they hope it will rein in what they see as emerging pay-to-play schemes and a regulatory climate that a state cannabis oversight official called "ripe for corruption."

  • November 14, 2019

    Geragos-Tied Charges Gone In Avenatti's Nike Extortion Case

    Federal prosecutors in Manhattan on Wednesday dropped charges against Michael Avenatti that accused him of conspiring with fellow celebrity lawyer Mark Geragos in a plot to extort Nike, but added an accusation that Avenatti defrauded his client along the way.

Expert Analysis

  • Spoliation Rule Remains Ambiguous Despite Amendments

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    Although the Federal Rules of Civil Procedure were amended to provide a uniform standard of culpability for spoliation, cases with similar facts are still reaching differing results because the rule does not specify how a court should evaluate a party's intent, say attorneys at Pepper Hamilton.

  • Quid Pro Quo 101

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    As three House committees investigate allegations that President Donald Trump sought assistance from Ukraine in the upcoming election, the phrase “quid pro quo” is having a moment; its meaning, however, is limited and specific in federal crimes involving graft, says Luke Cass at Quarles & Brady.

  • SEC's Fraud Enforcement Shows Quality, If Not Quantity

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    Over the course of the U.S. Securities and Exchange Commission's recently ended fiscal year, the regulator's Division of Enforcement fulfilled its promise to emphasize quality over quantity in cases alleging misrepresentations of financial performance by covering a wide swath of accounting, disclosure, internal control and auditor independence issues, say attorneys at Perkins Coie.

  • 5 Trends Influencing RFPs For Law Firms

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    Requests for proposals, the standard tool of companies evaluating law firms, are becoming better suited to the legal industry, says Matthew Prinn of RFP Advisory Group.

  • An Internal Investigation Playbook For Energy Cos.: Part 3

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    Energy companies should prepare for internal investigations with a plan that evaluates the scope of the problem and carefully considers the roles of all stakeholders, say attorneys with King & Spalding.

  • Night Of The Living SEC Injunction

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    Just in time for Halloween, the Third Circuit's opinion in U.S. Securities and Exchange Commission v. Gentile raises the specter of time-barred conduct returning to haunt securities industry defendants. The decision deepens a circuit split that could trigger U.S. Supreme Court intervention, say Matthew Newman and Lauren Randell at Buckley.

  • Series

    Why I Became A Lawyer: Being There For Families In Trouble

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    My parents' contentious, drawn-out divorce was one of the worst experiences of my life. But it taught me how to be resilient — and ultimately led me to leave corporate litigation for a career in family law, helping other families during their own difficult times, says Sheryl Seiden of Seiden Family Law.

  • Protecting Against Corruption In State Cannabis Licensing

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    As federal prosecution of cannabis business corruption continues to make headlines, companies that wish to ensure their local business partners are compliant with state licensing regimes should consider certain factors and red flags when evaluating potential cannabis investments, say Tom Firestone of Baker McKenzie and Tanya Hoke of Galen Diligence.

  • An Internal Investigation Playbook For Energy Cos.: Part 2

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    When engaged in the difficult process of an internal investigation, an energy company's general counsel must understand best practices for conducting witness interviews, compiling an investigation report and working with independent auditors, say attorneys at King & Spalding.

  • DOJ Guidance Offers Needed Flexibility For Corporate Fines

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    The U.S. Department of Justice's recently announced multistep process for evaluating claims of inability to pay criminal penalties opens the door to more thoughtful negotiations between companies and prosecutors seeking to punish and deter misconduct while avoiding unnecessary collateral harm, say Ephraim (Fry) Wernick and Brittany Harwood of V&E.

  • SEC's Crypto Actions Reinforce Hard Line On Digital Assets

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    Recent cryptocurrency regulatory activity from the U.S. Securities and Exchange Commission — including an enforcement action, a joint regulatory statement and a fund launch rejection — is the latest example of the regulator's ascendance as an effective and outspoken cryptocurrency overseer, says cybersecurity consultant John Reed Stark.

  • An Internal Investigation Playbook For Energy Cos.: Part 1

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    From corruption to data breaches, environmental catastrophes to human resource issues, energy companies regularly face challenges that may require internal investigations — and having guidelines in place for conducting such investigations can help general counsels prepare for whatever may come, say attorneys at King & Spalding.

  • Expatriation Tax Next On IRS Crypto Enforcement List

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    Two recent moves suggest that the IRS is now publicly and officially on the hunt for U.S. expatriates who failed to pay exit tax on appreciated cryptocurrency assets, say attorneys at Quinn Emanuel.

  • 4 Ways To Address Rising OFAC Cryptocurrency Oversight

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    The Office of Foreign Assets Control has demonstrated its interest in regulating cryptocurrency and may have begun collecting information from over a dozen digital currency exchange platforms, which means those with an interest in utilizing cryptocurrency or participating in an initial coin offering should proceed with caution, say Ryan Rohlfsen and Betsy Varnau at Ropes & Gray.

  • FCPA Lessons On 3rd-Party Risks And Cooperation Credit

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    The Microsoft settlement, along with other recent Foreign Corrupt Practices Act enforcement actions, demonstrates the need to prioritize compliance resources in high-risk jurisdictions if third-party intermediaries are engaged and provides insight into how the U.S. Department of Justice voluntary disclosure policy operates, say attorneys at FaegreBD.

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