White Collar

  • November 01, 2019

    Cooper & Kirk Takes Over In Dershowitz Defamation Case

    A woman who has accused Alan Dershowitz of defaming her while he denied her sexual molestation claims is looking to swap one set of high-profile attorneys for another in the New York federal court case, retaining the named attorneys of Cooper & Kirk PLLC after Boies Schiller Flexner LLP was disqualified.

  • November 01, 2019

    Litigation Funder Goes After Founder Over $33.5M Award

    Litigation funding company The Law Funder LLC filed suit in New York state court Friday alleging that its co-founder, who was previously found to have defrauded the business with an elaborate kickback scheme, had been failing in his obligation to pay his share of a $33.5 million judgment awarded to the company.

  • November 01, 2019

    Drain Co. Owner Guilty In Boston Trench Collapse Deaths

    The owner of a drain service company is responsible for the deaths of two workers killed when a trench collapsed and flooded with water at a Boston excavation site in 2016, a Massachusetts judge said Thursday.

  • November 01, 2019

    Student Loan Fraudster Testifies In Trial Over KPMG's Audits

    The former director of financial aid at Merrimack College took the witness stand Friday and tearfully described her scheme to perpetrate a $4.1 million student loan fraud as the Massachusetts trial over KPMG's alleged failure to catch the fraud wrapped its first week.

  • November 01, 2019

    Fla. Fentanyl Dealer Sentenced To 30 Years Behind Bars

    The leader of a Florida-based drug trafficking scheme was sentenced to 30 years in prison for distributing hundreds of thousands of fentanyl pills that were made to look like oxycodone over the course of four years, the U.S. Department of Justice announced.

  • November 01, 2019

    Pa. Doctor To Pay $1.4M To Settle Opioid Prescription Claims

    A Philadelphia-area doctor has agreed to pay $1.4 million to resolve claims that he wrote bogus opioid prescriptions to patients through his psychiatry and addiction medicine practice, federal prosecutors announced on Friday.

  • November 01, 2019

    Disbarred Atty Gets Nearly 6 Years For Robbing Clients, Firm

    A disbarred New York trusts and estates attorney on Friday was sentenced to nearly six years in federal prison for stealing at least $2 million from his former clients and longtime employer, according to the U.S. Department of Justice.

  • November 01, 2019

    CFTC Accused Of Withholding Docs About 'Secret' Kraft Deal

    The law firm Kobre & Kim LLP asked a New York federal court Thursday to require the U.S. Commodity Futures Trading Commission to respond to a months-old Freedom of Information Act request about a “secret settlement” with Kraft Foods Group Inc. and Mondelez Global LLC that has since been axed.

  • November 01, 2019

    Crypto Co. Veritaseum Settles Fraud Suit With SEC For $9.4M

    Cryptocurrency company Veritaseum Inc. will shell out over $9 million to settle U.S. Securities and Exchange Commission claims that it bilked investors out of millions through its 2017 Veri Token initial coin offering.

  • November 01, 2019

    Nonprofit Wants Out Of Row Accusing Attys Of Hiking Bills

    A nonprofit organization that finds legal counsel for military service members has urged a Texas federal court to drop it from a case in which a Navy SEAL who was acquitted of murder alleges his attorneys used delaying tactics to drive up his legal bills.

  • November 01, 2019

    IRS Database FOIA Suit Erroneously Dismissed, DC Circ. Says

    Whether or not an IRS computer system is a “database” that can be mined for a Freedom of Information Act request is a question of fact erroneously dismissed by a district court, a D.C. Circuit panel ruled Friday.

  • November 01, 2019

    Lori Loughlin Pleads Not Guilty To New 'Varsity Blues' Charge

    Actress Lori Loughlin and her husband, fashion designer Mossimo Giannulli, each pled not guilty to a new bribery charge in the "Varsity Blues" college admissions scandal on Friday, waiving their right to an arraignment hearing and entering the plea via a filing in Massachusetts federal court.

  • November 01, 2019

    Fund Admin's Parent Can't Escape $40M Ponzi Scheme Suit

    A New Jersey state judge on Friday shot down a bid by the parent company of a former fund administration firm and related entities to escape on jurisdictional grounds a more than $40 million lawsuit claiming they conspired with a convicted investment manager as part of a Ponzi scheme.

  • November 01, 2019

    Chat Trick Stymied Compliance, Ex-Forex Trader Tells Jury

    Former Citigroup currency trader Christopher Cummins told a Manhattan jury Friday that he joined forces with Akshay Aiyer, a former JPMorgan trader on trial for bid-rigging, to avoid competition in part via online chats that were typed so banks' compliance personnel couldn't search them.

  • November 01, 2019

    'Widespread' Threats Land Ex-Soccer Player 18 Months In Jail

    A former college soccer player was sentenced to 18 months in prison Friday for making social media threats against athletes and teams whose games he had bet on in what both a Massachusetts federal judge and a prosecutor called one of the state's most widespread cyberthreat cases.

  • November 01, 2019

    NY Painting Contractor Inks $3M Deal To End Feds' Fraud Suit

    One of three public works contractors accused of defrauding the government out of millions of dollars by exploiting a program for disadvantaged business entities agreed Thursday to fork over $3 million to resolve the claims in New York federal court.

  • November 01, 2019

    Worker Embezzled $8.5M From Pa. Construction Co., Feds Say

    The former controller of a Pittsburgh-area construction company is facing federal criminal charges alleging that she embezzled more than $8.5 million from her employer over the course of a decade.

  • November 01, 2019

    Supreme Court To Review SEC's Right To Seek Disgorgement

    The U.S. Supreme Court agreed Friday to hear a case challenging the U.S. Securities and Exchange Commission's authority to seek disgorgement.

  • October 31, 2019

    Judge Wants Key Trump Impeachment Witness Suit Expedited

    A D.C. federal judge appeared ready to resolve a dispute over whether the White House can lawfully block its former deputy national security adviser from testifying before three House congressional committees involved in Democrats' impeachment inquiry against President Donald Trump.

  • October 31, 2019

    Firm Sues Alleged Sex Trafficker Over Litigation Tactics

    A litigation law firm whose clients have accused a money manager of orchestrating a sex trafficking ring has sued the manager in New York state court for allegedly attacking the firm by abusing the legal process.

  • October 31, 2019

    Roger Stone Trial Among 3 Worth Tracking Next Week

    As the calendar turns to November, federal prosecutors across the country will be heading to court seeking convictions in three wildly different high-profile cases, ranging from charges that Roger Stone obstructed the Mueller investigation to claims a former Locke Lord LLP partner had a hand in a multibillion-dollar cryptocurrency pyramid scheme.

  • October 31, 2019

    Court Dubious Of Trump's Bid To Block McGahn Testimony

    A D.C. federal judge appeared skeptical Thursday of the Trump administration's argument that the court lacks jurisdiction to compel testimony from former White House counsel Don McGahn in the House impeachment inquiry into President Donald Trump.

  • October 31, 2019

    Relative Of Accused Fraudster Agrees To Pay SEC $736K

    A relative of an entrepreneur accused of participating in a purported $165 million global pump-and-dump scheme agreed to return $736,000 in allegedly illicit profits to the U.S. Securities and Exchange Commission in Massachusetts federal court Thursday.

  • October 31, 2019

    Investors Reach $20M Deal With Banc Of Calif., Drop Ex-CEO

    A class of investors asked a California federal judge on Wednesday to sign off on a proposed $19.75 million settlement with Banc of California over its alleged ties to white-collar fraudster Jason Galanis.

  • October 31, 2019

    Judge Wrong To Let IRS Seize Law Firm's Files, 4th Circ. Says

    A magistrate judge was wrong to authorize IRS agents to seize an attorney’s records and decide what was protected by attorney-client privilege because that power is reserved for the judicial branch, a panel of Fourth Circuit judges ruled Thursday.

Expert Analysis

  • How Travel Cos. Should Respond To Trump Cuba Restrictions

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    The Trump administration recently introduced further restrictions on nonfamily travel to Cuba. Businesses in the travel sector may want to consider recharacterizing their services to fit a travel general license that continues in effect, say attorneys with Hunton.

  • Effective Compliance Programs Look Beyond DOJ Guidance

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    Emphasis on adherence to the recently issued U.S. Department of Justice guidance on corporate ethics and compliance programs is well-intended but might be diverting focus away from developing the programs and protocols necessary to yield lasting change, says Patricia Harned of the Ethics & Compliance Initiative.

  • Retaining Ephemeral Messages To Prepare For DOJ Scrutiny

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    Recent U.S. Department of Justice Antitrust Division cartel investigations have focused on searching evidence from ephemeral messaging platforms. By implementing appropriate safeguards for these messages, companies can make informed decisions about defensive or cooperative strategies in government investigations, say attorneys at Wilson Sonsini.

  • 5 Essential Elements Of An Effective Anti-Retaliation Program

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    On the heels of a recent corporate compliance update from the U.S. Department of Justice, companies have the opportunity to ensure policies give employees an easy and safe way to report their concerns under the protection of an anti-retaliation program, say attorneys at Jones Day.

  • 5 Hard Phrases Lawyers Should Master

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    While Kelly Corrigan's popular book, "Tell Me More: Stories About the 12 Hardest Things I’m Learning to Say," focuses on simple words or phrases that individuals can use to improve their personal lives, attorneys can utilize Corrigan's advice for professional benefit, says Karen Ross of Tucker Ellis.

  • E-Discovery Experts Could Increase Fed. Court Efficiency

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    As electronic data demands on federal courts continue to increase, it may be time to consider whether the courts should establish an office that could be staffed with technical experts familiar with electronic discovery issues, says Douglas Smith of Kirkland.

  • Remembering Justice Stevens As A Law Firm Leader

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    Rothschild Barry's John Coffey, who joined Justice John Paul Stevens' law firm in 1965, shares what it was like to watch Justice Stevens practice law, mentor younger lawyers and land a malfunctioning plane.

  • 8 Key Elements Of An Effective Antitrust Compliance Program

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    Based on our reading of last week’s antitrust compliance guidance from the U.S. Department of Justice, there are several important factors that organizations should consider as they assess whether their current program is up to snuff, say Herbert Allen and Alexa DiCunzolo at Polsinelli.

  • 5 Takeaways From DOJ Focus On Chinese Trade Secret Theft

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    Since its official announcement of the China Initiative eight months ago, the U.S. Department of Justice has publicized the initiation of six new cases that include references to both trade secrets and China. These shed some light on DOJ and U.S. business priorities, says Sara O’Connell at Pillsbury.

  • The DOJ's Changing Expectations For Antitrust Compliance

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    Last week, the U.S. Department of Justice reversed its long-standing policy of insisting on guilty pleas for criminal violations of the antitrust laws from companies that do not otherwise qualify for leniency. This shift opens a new path to deferred prosecution agreements for companies with "effective" antitrust compliance programs, say Renata Hesse, Benjamin Walker and Nicholas Menillo at Sullivan & Cromwell.

  • Answers To Key Legal Finance Ethics Questions

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    While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.

  • Inside A Closely Watched FCA And FIRREA Decision

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    Last week’s district court decision in Luce v. U.S. interprets a stricter standard of causation for False Claims Act cases and, significantly, makes a helpful contribution to a dearth of case law interpreting the Financial Institutions Reform, Recovery and Enforcement Act’s penalty provisions, says Derek Adams of Feldesman Tucker.

  • Federal Agencies Need A Uniform Record-Keeping Process

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    The administrative record is very important to federal agency litigation — as showcased in last month's U.S. Supreme Court decision concerning the addition of a citizenship question to the 2020 census — yet there is no set of consistent principles to guide agencies in compiling these official records, say attorneys at WilmerHale.

  • What To Know About Pending Insider Trading Legislation

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    Recently introduced in the U.S. House of Representatives, the Insider Trading Prohibition Act will represent a potentially significant clarification of U.S. insider trading laws if it proceeds further. And it could be viewed as extending criminal liability to “reckless” conduct, say attorneys at Cleary.

  • Opinion

    The Mueller Report Makes A Case For Impeachment

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    In advance of special counsel Robert Mueller's testimony before the House Judiciary and Intelligence Committees, it is useful to review how specific allegations from his report provide powerful support for articles of impeachment against President Donald Trump, says attorney Barbara Radnofsky.

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