White Collar

  • January 14, 2011

    SEC Drops Suit Against Dead Madoff Feeder

    The U.S. Securities and Exchange Commission has dropped its suit against a California investment adviser who ran three feeder funds for Bernard L. Madoff's $65 billion Ponzi scheme and died in September.

  • January 14, 2011

    HannStar Exec Charged In LCD Price-Fixing Scheme

    HannStar Display Corp.'s president has been indicted for allegedly participating in a global price-fixing conspiracy for thin film transistor liquid crystal display panels, joining more than 20 executives targeted in the U.S.' probe of the industry.

  • January 14, 2011

    Q&A With Shearman & Sterling's Stephen Fishbein

    The white collar bar has to do a better job policing itself in running internal investigations at the behest of government authorities. We have all heard stories of “independent counsel” turning ostensibly small investigations into huge ordeals for the companies involved, says Stephen Fishbein, leader of Shearman & Sterling LLP's litigation practice group.

  • January 13, 2011

    Ex-Perot Trader Faces 10 Years For Securities Fraud

    A former Perot Investments Inc. trader faces a 10-year prison term after he pled guilty Thursday to insider trading charges alleging that he pocketed $8.6 million off Dell Inc.’s buyout of Perot Systems Corp.

  • January 13, 2011

    Ex-Lawyer Can't Evade Disbarment Over $20M Fraud

    A former Washington attorney convicted in a scheme to sell $20 million in fraudulent municipal bonds has lost a fight in the state’s high court to keep from being disbarred.

  • January 13, 2011

    White Collar Group Of The Year: King & Spalding

    King & Spalding LLP garnered favorable resolutions in high-profile criminal investigations for clients such as Bank of America Corp. and Allergan Inc., including the highest settlement of the year in a False Claims Act case, making it one of Law360's White Collar Groups of 2010.

  • January 13, 2011

    Ex-Bank One Exec Gets 5 Years For Alleged Tax Scheme

    A federal judge sentenced former Bank One Corp. executive John Ohle on Thursday to five years in prison for alleged crimes associated with tax evasion and helping others generate as much as $87.5 million in phony losses to avoid paying taxes.

  • January 13, 2011

    Va. Lawmaker Pleads Not Guilty To Bribery, Extortion

    A former Virginia state lawmaker accused of trading state money for a university gig pled not guilty on Thursday to charges of bribery and extortion.

  • January 13, 2011

    Man Pleads Guilty To Attempted Iran Arms Deal

    A man accused of attempting to sell an older-model fighter jet and other military equipment to a buyer in Iran pled guilty Thursday in federal court.

  • January 13, 2011

    Feds Wait On High Court For Conrad Black Retrial

    Federal prosecutors said Thursday that they would hold off retrying Conrad Black on two fraud convictions dismissed by the Seventh Circuit last year while the media mogul appeals the remaining two convictions in the case to the U.S. Supreme Court.

  • January 13, 2011

    Ex-Home Diagnostics CEO Charged With Insider Trading

    The former head of Home Diagnostics Inc. has been charged with insider trading for allegedly tipping off friends and family members to Nipro Corp.'s plans to acquire the medical device company for $215 million.

  • January 13, 2011

    Renault Sends Spying Case To French Prosecutors

    French carmaker Renault said Thursday that it had filed a criminal complaint with the state prosecutor in Paris, accusing “persons unknown” of organized industrial espionage, corruption, breach of trust, theft and concealment.

  • January 13, 2011

    US Wants Stanford Evaluated In Government Facility

    U.S. prosecutors have asked a federal judge to send alleged Ponzi schemer Robert Allen Stanford to a government facility for a psychiatric evaluation after his trial was delayed because of mental incompetence.

  • January 13, 2011

    US Loses Transcript Bid In $16M Bribery Case

    A federal judge has denied the U.S. government’s bid to obtain interview transcripts between an imprisoned contracting officer and a Kuwaiti corporation seeking to recover nearly $16 million for defense contracts it claimed were improperly canceled or mishandled.

  • January 13, 2011

    Judge OKs $7.2B Picower Settlement In Madoff Case

    A bankruptcy judge approved a $7.2 billion settlement Thursday between a trustee overseeing recovery for victims of Bernard Madoff's massive Ponzi scheme and the widow of Jeffry Picower, a longtime investor in the scheme.

  • January 13, 2011

    Western Titanium Strikes Plea Deal In Fraud Case

    Military contractor Western Titanium Inc. will plead guilty to one count of mail fraud in a case accusing it of passing off substandard metal as high-quality, escaping 18 other counts and getting charges against its executives dismissed.

  • January 12, 2011

    Insider Trading Case Over Tech Cos. Sent To NY

    A federal judge Wednesday transferred an insider trading case against a Californian accused of funneling the sensitive financial information of technology companies to hedge funds from San Francisco to New York.

  • January 12, 2011

    Ex-Bank One Exec Asks To Remain Free Pending Appeal

    Former Bank One Corp. executive John Ohle asked a federal judge Wednesday to let him remain free on bond after his sentencing because he is appealing his convictions on tax evasion and conspiracy to commit bank fraud charges.

  • January 12, 2011

    SEC Renews Push For Wiretaps In Galleon Fraud Suit

    The U.S. Securities and Exchange Commission has made a new plea for immediate access to wiretap recordings from suspected insider trading ring participants Raj Rajaratnam and Danielle Chiesi, who are also facing criminal charges.

  • January 12, 2011

    Print Broker Admits To Lying In Printing Bid

    An Illinois commercial print broker has admitted to lying in a bid to the U.S. Government Printing Office in the first case to arise from an ongoing investigation into GPO bids by antitrust and other federal officials.