White Collar

  • May 17, 2006

    All Eyes On The Jury In Lay, Skilling Trial

    After months of testimony and years of speculation, the fate of former Enron executives Kenneth Lay and Jeffrey Skilling will soon be decided. And just as the downfall of Enron has become the symbol of the era of corporate scandal, the verdict in this case may come to exemplify the government’s success—or failure—in addressing corporate crime.

  • May 11, 2006

    Feds Net Another Arrest In Insider-Trading Scheme

    Broadening a nine-month long investigation into an insider-trading scandal involving employees of investment banks Merrill Lynch & Co. Inc. and Goldman Sachs Group Inc., federal prosecutors have nabbed a postal worker for tipping two former investment bankers about a grand jury’s accounting fraud probe of Bristol-Meyers Squibb Co.

  • May 3, 2006

    Nacchio Defense Bids To Move Trial, Citing Bad Rep

    Attorneys for former Qwest Communications chief executive Joe Nacchio are moving for a change of venue if the judge refuses to drop insider trading charges against the fallen executive, saying he cannot get a fair trial in Denver because he is “among the most reviled figures” in the city’s recent history.

  • May 2, 2006

    Qwest Executive Accuses Prosecutors Of Misconduct

    In a new strategy, attorneys for former Qwest Inc. chief Joseph P. Nacchio are accusing the government’s attorneys of improperly influencing a grand jury before it indicted the fallen executive.

  • May 1, 2006

    New Scrushy Trial Opens Over Alleged Bribery

    Another trial for former HealthSouth Corp. chief Richard M. Scrushy got underway Monday, with the U.S. Attorney’s Office hoping to jail the fallen executive over $500,000 in alleged government bribes.

  • May 1, 2006

    Plea Bargain Alleges Payoffs From Milberg Weiss

    A probe into allegations of kickbacks paid to lead plaintiffs by law firm Milberg Weiss Bershad Hynes & Lerach has yielded its first plea bargain, which has brought new charges to light of payment arrangements between the firm and several of its lead plaintiffs.

  • May 1, 2006

    Alaska Brokerage Faces Trial For Fuzzy Dealings In Fur

    After two years of scrutiny by the U.S. Department of Justice into bid-rigging within the fur industry, the former vice president of Alaska Brokerage International Inc. is facing trial next week over allegations that he collaborated with others to rig bids at a Seattle fur auction in 2004.

  • April 28, 2006

    Energy Executive Pleads Guilty In Embezzling Case

    The former chief financial officer of Patterson-UTI Energy Inc., who was accused of embezzling $77 million, has pled guilty in federal court, joining the litany of energy company executives that have been indicted for fraud.

  • April 28, 2006

    Monitor Named As Part Of BNY Settlement

    Law firm Baker & Hostetler has been appointed by the Department of Justice to monitor Bank of New York, as part of the $38 million settlement over allegations of money laundering reached last fall.

  • April 28, 2006

    Air Cargo Litigation Seen Progressing At Snail's Pace

    As the number of U.S. district court cases continue to pile up against the $60 billion air cargo industry over alleged collusion into price-fixing surcharge fees, progress toward trying the cases in court is proving to be slow-going.

  • April 27, 2006

    Quattrone Mulls Paul, Weiss For Legal Team

    Former Credit Suisse First Boston investment banker Frank Quattrone may shake up his legal team in preparation for a possible retrial in his obstruction of justice case, looking to two litigators from Paul Weiss Rifkind Wharton & Garrison to lead his defense.

  • April 26, 2006

    Court Postpones Sentencing Of Short Seller

    A federal district judge has once again pushed back the sentencing of short seller Anthony Elgindy, who was convicted 15 months ago on charges of racketeering, conspiracy and securities fraud by a Brooklyn jury.

  • April 25, 2006

    “Witch Hunt” Ruined Enron: Lay

    A tense second day on the stand saw Enron Corp.’s former chairman and chief executive Kenneth Lay lash out at the media, predatory short-sellers, and former chief financial officer Andrew Fastow, saying they were responsible for the company’s colossal demise.

  • April 24, 2006

    Lay Points Finger At Fastow For Enron Collapse

    The biggest mistake former Enron chief Kenneth Lay ever made was hiring Andrew Fastow, and the second-biggest mistake he ever made was promoting him to chief financial officer, Lay said in his testimony yesterday.

  • April 24, 2006

    Computer Associates Ex-CEO Pleads Guilty To Fraud

    The embattled former chief executive of Computer Associates International Inc. pled guilty Monday to obstruction of justice and securities fraud charges related to the company’s $2.2 billion accounting scandal.

  • April 20, 2006

    LCD Trade Secret Thief Gets Four-Year Jail Term

    A former employee of Corning Inc. who found secret documents in a garbage bin and sold them to Taiwanese PicVue Electronics Ltd. was sentenced yesterday to four years in federal prison.

  • April 19, 2006

    Berkowitz Finishes With Skilling, Petrocelli Up Next

    The tension between former Enron chief Jeff Skilling and federal prosecutor Sean Berkowitz was not nearly as high on Wednesday as on previous days, but the remainder of the government’s cross-examination was anything but amicable.

  • April 19, 2006

    Damages Erased In "Mob On Wall Street" Case

    In a partial setback for the U.S. Attorney’s Office, a federal appeals court has struck down two multi-million dollar restitution awards against defendants accused of mafia-related Wall Street manipulation, but declined to overturn their convictions.

  • April 18, 2006

    Skilling Claims He Is No Cookie Monster

    Grilled by prosecutors for the second day in his fraud and conspiracy trial, former Enron Corp. chief executive Jeffrey Skilling lost his cool when pressed on allegations that he considered dipping into “cookie jar reserves” to strengthen the energy company’s earnings.

  • April 17, 2006

    AIG, General RE Trial Moves To Connecticut

    Because the bulk of expected witnesses in the General Reinsurance and American International Group Inc. scandal reside in the Connecticut area, U.S. District Court Judge Gerald Brice Lee has agreed to move the fraud trial of the three former executives to Connecticut from Virginia.