White Collar

  • May 25, 2006

    Lay, Skilling Convicted In Enron Trial

    Former Enron executives Ken Lay and Jeff Skilling have been found guilty of conspiracy for their roles in the accounting fraud at the now-defunct energy giant.

  • May 25, 2006

    Ostrich Defense Backfires For Lay, Skilling

    The guilty verdict in the trial of former Enron executives Ken Lay and Jeffery Skilling may be the final nail in the coffin of the “ostrich” defense, experts say.

  • May 25, 2006

    The Enron Era: Is It Over?

    The conviction of former Enron executives Ken Lay and Jeff Skilling signals the end of an era, many legal experts believe. But some point to subtle signs that the government’s crackdown on corporate crime is only gathering steam.

  • May 25, 2006

    Thorny Road Ahead For Convicted Enron Duo

    Ken Lay's and Jeffery Skilling's legal odyssey is is far from over, as the former executives face sentencing and what is sure to be a lengthy appeals process.

  • May 23, 2006

    Second Plea Bargain In Milberg Weiss Kickback Probe

    Federal prosecutors continue to build their case against plaintiffs firm Milberg Weiss Bershad & Schulman, aided by yet another plea bargain in the ongoing probe into allegations that the firm and its partners paid kickbacks to lead plaintiffs.

  • May 22, 2006

    Seven Indicted In $3B Fraud

    Seven former executives of financial services company National Century Financial Enterprises have been indicted by an Ohio grand jury for allegedly scamming investors out of $3 billion.

  • May 19, 2006

    Fallout From Indictment Begins At Milberg Weiss

    Last week’s indictment of plaintiffs firm Milberg Weiss Bershad & Schulman sent shockwaves through the legal community. But experts say that while the charges mean big trouble for Milberg, class action litigation is likely to remain largely unaffected.

  • May 19, 2006

    Five Years In Making, Milberg Indictment Targets Repeat Plaintiffs

    Federal prosecutors spent more than five years assembling the indictment of plaintiffs firm Milberg Weiss Bershad & Schulman and two of its former partners, and it shows. The 105-page complaint includes pages of minute details outlining the kickback scheme allegedly carried out at the firm.

  • May 19, 2006

    DOJ Hands Down Sentences In Piracy Crackdown

    The first sentences have been handed down in the government’s ongoing campaign against pre-release music piracy, with three defendants pleading guilty to conspiracy to commit copyright infringement.

  • May 18, 2006

    Milberg Weiss, Ex-Partners Indicted In Kickbacks Scheme

    Plaintiffs firm Milberg Weiss Bershad & Schulman and former partners David Bershad and Steven Schulman have been indicted by a federal grand jury for allegedly paying kickbacks to lead plaintiffs in nearly 150 class action suits.

  • 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.