White Collar

  • July 21, 2011

    Dechert Nabs White Collar Partner From Mayer Brown

    Dechert LLP said Wednesday it had snagged a former Mayer Brown LLP partner to boost its white collar and securities practice in New York.

  • July 21, 2011

    Ernst & Young Can't Escape Tax Shelter Case

    A New York state judge ruled Wednesday that Ernst & Young LLP must face fraud allegations over shady tax shelters, part of a wide-ranging scandal that bankrupted an asset manager and ensnared attorneys and other individuals in criminal charges.

  • July 21, 2011

    Swiss Adviser Charged With Helping Clients Hide $184M

    Federal officials on Thursday announced conspiracy charges in New York against a Swiss financial adviser who allegedly helped dozens of U.S. taxpayers shield more than $184 million in assets from the Internal Revenue Service.

  • July 20, 2011

    Ex-Morgan Crucible CEO Wants High Court Review

    Morgan Crucible Co. PLC CEO Ian Norris, currently in prison for obstructing a price-fixing investigation, asked the U.S. Supreme Court on Wednesday to review whether persuading a person to decline to provide incriminating information to authorities constitutes witness-tampering under federal law.

  • July 20, 2011

    Texas Pol Wants Lying Charges Cut In Ike Bribery Case

    A former Texas politician accused of helping funnel Hurricane Ike cleanup contracts to a friend on Tuesday sought to eliminate or sever three charges that he lied to federal investigators. 

  • July 20, 2011

    News Corp. Hires Paul Weiss Pro, 'Father Of FCPA'

    Rupert Murdoch's beleaguered News Corp. reportedly has retained Paul Weiss Rifkind Wharton & Garrison LLP partner Mark Mendelsohn, considered the father of the modern U.S. foreign bribery enforcement regime, in connection with its ongoing phone-hacking scandal.

  • July 20, 2011

    Honest Services Charges Survive In CDR Bid-Rigging Case

    A federal judge in New York on Wednesday refused to throw out honest services fraud charges against three executives of Rubin/Chambers Dunhill Insurance Services Inc. in a bid-rigging and market manipulation case, but did dismiss part of the bank fraud charges they face.

  • July 20, 2011

    Sky Capital Defendants Are 'Family Of Criminals': US

    Federal prosecutors told a New York jury during closing arguments Wednesday that Sky Capital LLC founder Ross Mandell masterminded a massive securities fraud scheme and broker Adam Harrington was his "golden boy," but Harrington's lawyer said the evidence was weak.

  • July 20, 2011

    Harbor Wealth Exec Gets 6 Years For $5M Fraud

    An Illinois federal judge sentenced the owner and former operator of Harbor Wealth Management LLP on Tuesday to six years in prison for allegedly running an investment fraud scheme that bilked at least 150 investors out of more than $5 million.

  • July 20, 2011

    Rajaratnam Co-Conspirator Chiesi Sentenced To 30 Months

    A New York federal judge sentenced Raj Rajaratnam co-conspirator Danielle Chiesi to 30 months in prison Wednesday for gathering inside tips about technology companies and sharing them with the Galleon Group founder.

  • July 20, 2011

    Spillane Weingarten Lures Latham Securities Pro In LA

    In the first of several expected hires at Spillane Weingarten LLP, the Los Angeles-based business litigation boutique announced Wednesday that it had added a former Latham & Watkins LLP partner with experience in securities litigation and investigations, insurance disputes, white collar defense and class action litigation.

  • July 20, 2011

    Madoff Trustee Drops Some Claims Against UBS

    The trustee for Bernard L. Madoff's investment firm has dropped nonbankruptcy claims against UBS AG in one of two suits seeking some $2.6 billion from the Swiss bank and its affiliates, a federal judge in New York said Tuesday.

  • July 20, 2011

    Feds Bear Down On $3.7B Petters Fraud Fundraisers

    Prosecutors on Tuesday broadened their crackdown on Thomas J. Petters’ $3.7 billion Ponzi scheme, heaping new charges in Minnesota on one of the scheme’s primary fundraisers and implicating yet another hedge fund manager in the fraud.

  • July 20, 2011

    SEC Sues Man For Trading On Merger Draft He Found

    U.S. regulators sued a man in New York federal court on Tuesday for allegedly trading in Brink's Home Security stock after an investment banker accidentally left a copy of a draft merger agreement with Tyco International Inc. at the defendant's house.

  • July 20, 2011

    Jury Must Weigh Damages In AUO Price-Fixing Case: Judge

    A California federal judge on Monday ruled prosecutors couldn't prevent a jury from determining the damages allegedly caused by AU Optronics Corp. in an alleged scheme to fix the prices of thin-film liquid crystal display panels.

  • July 19, 2011

    Jury Finds Ex-IEA Chief Guilty Of $90M Fraud

    A New York state jury convicted a former CEO of antifreeze maker Industrial Enterprises of America Inc. on Tuesday of fraud for participating in a pump-and-dump scheme involving more than $90 million worth of illegally issued securities.

  • July 19, 2011

    Feds Contest Ex-CCI Execs' Bid To Dismiss Bribery Case

    Federal prosecutors on Monday fought a move by former executives and employees of valve control maker Control Components Inc. to dismiss part of a California bribery case against them for applying a law covering domestic corruption to foreign acts.

  • July 19, 2011

    Ex-Detroit Mayor Accused Of $26M Sewer Contract Fraud

    A Macomb County, Mich., public works agency filed suit against imprisoned former Detroit mayor Kwame Kilpatrick and a host of contractors Monday, alleging they schemed to overcharge the county by some $26 million for work on a collapsed sewer line.

  • July 19, 2011

    Lampoon CEO Wants Barnes & Thornburg Disqualified

    The CEO of media company National Lampoon Inc. asked an Indiana federal court on Monday to disqualify Barnes & Thornburg LLP from representing the publisher of the Indianapolis Star in the criminal case accusing him of running a $230 million investment scam.

  • July 19, 2011

    Zicam Inventor Admits Selling Unapproved Bird Flu Drug

    The inventor of the cold remedy Zicam on Monday agreed to plead guilty in California federal court to allegations that he marketed an herbal product as a treatment for bird flu without U.S. Food and Drug Administration approval.