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White Collar

  • December 7, 2018

    Lebanese Businessman Pleads Guilty To Money Laundering

    A Lebanese businessman who the U.S. Department of Treasury claims has ties to the terrorist organization Hezbollah entered a guilty plea Thursday to a money laundering charge stemming from an attempt to avoid U.S. sanctions placed on him, the U.S. Department of Justice said.

  • December 7, 2018

    Execs Urge No Or Little Prison In $200M Del. Bank Fraud Case

    Four Wilmington Trust executives found guilty in a nearly $200 million federal securities fraud case in May have appealed for no, or little, prison time instead of the up to nine- and 11 ¼-year recommendations issued by prosecutors, according to documents made public on Friday.

  • December 7, 2018

    Colo. Atty Gets 2 More Years For Hiding Cash From Gov't

    A former Denver attorney already serving three years in prison for her role in a $19 million pump-and-dump scheme was resentenced in Connecticut federal court Friday to two more years in jail after hiding cash in a storage locker in an attempt to avoid paying restitution, the U.S. Department of Justice said.

  • December 7, 2018

    Fraudster Continues Medicaid Scam From Prison To Pay Attys

    From the prison where she was serving time for a Medicaid fraud conviction, a North Texas woman defrauded the government health care agency again in an attempt to pay legal fees racked up in the first case, the U.S. Department of Justice announced Friday.

  • December 7, 2018

    Alleged Cult Leader Denied Bail In Sex Trafficking Suit

    A New York federal judge refused alleged cult head Keith Raniere’s second request to be released from jail on bail as he awaits a March trial over criminal charges that his purported self-help organization served as a front for racketeering and labor and sex trafficking, finding he poses a flight risk.

  • December 7, 2018

    NY Builder Gets 3 Years For Bribery, 'Buffalo Billion' Fraud

    The former president of COR Development Co. was sentenced to three years in prison Friday, following his conviction for bribing a former top aide to New York Gov. Andrew Cuomo and his role in a scheme to rig bids for hundreds of millions of dollars in state development contracts.

  • December 7, 2018

    Russia Doping Chemist Seeks Pause In Athletes' Libel Suit

    A Russian scientist living in hiding after his claims of widespread state-sponsored doping led to severe penalties on Russia has asked a New York state court to halt a libel suit by three athletes until a Swiss arbitration court rules on their competition bans.

  • December 7, 2018

    Receiver In $7.4M Fraud Case Wants Stalking Horse Bid OK’d

    The court-appointed receiver for a group of companies linked to a Chilean fugitive accused of bilking securities investors out of $7.4 million asked a Florida federal court on Friday to approve BryanDB LLC as a stalking horse bidder for company assets, with an opening bid of $1.5 million.

  • December 7, 2018

    Michael Cohen Deserves 'Substantial Prison Term,' Feds Say

    Prosecutors told a Manhattan federal judge Friday that Michael Cohen, President Donald Trump's former lawyer and political champion, should be sentenced to a “substantial prison term” — possibly in the range of four years — after Cohen copped to a series of crimes including lying to Congress and tax evasion in two plea hearings.

  • December 7, 2018

    International Law Firms Hire Partners In Boost For London

    Three international law firms have been hiring in the U.K. market as they install veteran lawyers as partners at their London offices, boosting finance and investments practices at two firms and recruiting a former Financial Conduct Authority attorney at a third.

  • December 7, 2018

    Data-Driven Lawyer: Morgan Lewis' J. Kyle Poe

    Morgan Lewis' J. Kyle Poe, a self-proclaimed "elder millennial," created a client management platform to streamline the firm's work in asbestos litigation that is now used across practice areas, making the firm's business more efficient and upping its ability to attract clients through innovative fee arrangements, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 7, 2018

    MVP: Covington's Nancy Kestenbaum

    Nancy Kestenbaum of Covington & Burling LLP co-leads the high-profile investigation into sexual abuse claims at CBS and has helped private schools in similar reviews while maintaining a traditional defense practice, putting her among Law360’s 2018 White Collar MVPs.

  • December 7, 2018

    Belgian Busted In Scheme To Dupe US Law Firms, Charities

    A Belgian national who was indicted by a federal grand jury for a scheme to convince law firms and charities to wire him money was arraigned in Boston federal court Friday, 22 months after a warrant was issued for his arrest.

  • December 7, 2018

    Trump Picks Kirkland's William Barr For AG

    President Donald Trump named Kirkland & Ellis LLP attorney William Barr as his pick to replace former Attorney General Jeff Sessions Friday, setting Barr up to reprise the role he served under late President George H.W. Bush.

  • December 6, 2018

    S&P Analyst, Jeweler Can't Dodge Insider Trading Charges

    A New York federal court judge refused Thursday to dismiss an indictment against two men accused of insider trading stemming from Sherwin-Williams Co.'s plans to acquire Valspar Corp. in a case that's already seen a third man, a celebrity hairstylist, plead guilty to securities fraud conspiracy.

  • December 6, 2018

    NY Developer Gets 2 1/2 Years For 'Buffalo Billion' Bid-Rigging

    A founder and former general counsel for upstate New York developer COR Development Co. LLC on Thursday was sentenced to two and a half years in prison for his role in an alleged scheme to rig bids for upwards of $600 million in development projects including in the state's "Buffalo Billion" program.

  • December 6, 2018

    Kirkland’s William Barr Said To Be Trump’s Top Pick For AG

    Kirkland & Ellis LLP attorney William P. Barr, who served as U.S. attorney general under President George H.W. Bush, is President Donald Trump’s favored choice to succeed Jeff Sessions, according to Thursday media reports.

  • December 6, 2018

    SEC Gives Up On Litvak Suit After Feds Drop Charges

    A Connecticut federal judge on Thursday agreed to dismiss the U.S. Securities and Exchange Commission’s civil suit against former Jefferies Group LLC bond trader Jesse Litvak in the wake of the end of his five-year criminal case in which he was convicted twice but saw those convictions overturned.

  • December 6, 2018

    Huawei Exec's Arrest Just The Beginning, Attys Say

    The revelation this week that a high-level Huawei Technologies executive was arrested in Canada on U.S. charges was a bold move that likely bodes a major enforcement action against the Chinese telecommunications juggernaut, trade sanctions attorneys said.

  • December 6, 2018

    Ill. Woman Gets 4 Years For $5M Ticket Fraud Scheme

    A Chicago woman who promised investors she could buy and resell big-time concert tickets at a profit was sentenced to four years in prison on Thursday, federal officials announced, as the only house she ever filled was her own with luxury items paid for by the $5 million she stole from her victims.

Expert Analysis

  • Congressional Forecast: December

    Layth Elhassani

    During its current lame duck session, Congress must compromise on government funding legislation or face a shutdown. It may also endeavor to move additional legislation and continue to confirm Trump administration nominees before the close of the 115th Congress later this month, says Layth Elhassani of Covington & Burling LLP.

  • Opinion

    High Court Should Hold Securities Fraudsters Accountable

    Stephen Hall

    On Monday, the U.S. Supreme Court will hear oral argument in Lorenzo v. U.S. Securities and Exchange Commission. If the court rules that scheme liability doesn’t apply to cases involving false statements, the result will be more victims and more fraud that goes unpunished, says Stephen Hall of Better Markets.

  • Will High Court Resurrect The Nondelegation Doctrine?

    William Araiza

    Gundy v. U.S. is a case that hinges on the nondelegation doctrine. The oral argument featured U.S. Supreme Court justices seemingly stretching to find the “intelligible principle” required to legitimate a congressional delegation of authority to a federal agency, says William Araiza of Brooklyn Law School.

  • FinCEN Tightens The Net On Illicit Real Estate Deals

    Thomas Delaney

    Geographic targeting orders released this month indicate that the Financial Crimes Enforcement Network remains concerned about money laundering risks in the real estate sector — and the anonymity of transactions that use virtual currency, say attorneys with Mayer Brown LLP.

  • A New Proposed Metric For Defense Co. Corruption Risk

    Howard Weissman

    In Transparency International’s draft approach to its 2019 Defense Companies Anti-Corruption Index, there are three broad areas that may be problematic for companies, say attorneys with Baker McKenzie.

  • Justices May Struggle To Agree On Rule 10b-5 Scope

    Arthur Greenspan

    Next week, the U.S. Supreme Court will hear argument in Lorenzo v. U.S. Securities and Exchange Commission, which could clarify the range of liability under Rule 10b-5. But Lorenzo will be decided by an eight-justice court — a circumstance that might significantly affect how the case gets resolved, say Arthur Greenspan and Jacob Taber of Richards Kibbe & Orbe LLP.

  • FCPA Compliance 1 Year After DOJ Revised Policy

    Jack Sharman

    It has been a year since the U.S. Department of Justice made its Foreign Corrupt Practices Act pilot program permanent. The policy and the government's expectations indicate that the FCPA doesn't always connote mystery and complexity, say attorneys with Lightfoot Franklin & White LLC​​​​​​​.

  • Jurors Should Ask More Questions During Trials

    Matthew Wright

    Permitting jurors to submit written questions, or even to pose questions orally to witnesses on the stand, advances several important goals and promotes both fairness and efficiency, says Matthew Wright of McCarter & English LLP.

  • Calif. Ruling Dings Engagement Letter Arbitration Clauses

    Sharon Ben-Shahar Mayer

    The California Supreme Court's recent decision in Sheppard Mullin v. J-M Manufacturing has cast doubt on arbitration clauses in attorney engagement agreements, jeopardizing the efficient resolution of malpractice claims and fee disputes, say Sharon Ben-Shahar Mayer and Mark Drooks of Bird Marella Boxer Wolpert Nessim Drooks Lincenberg & Rhow PC.

  • 10 Things We Wish We Were Told When Going In-House

    Dana Lee

    Attorneys at Albert Einstein College of Medicine, Perkins Coie LLP and the Healthcare Association of New York State reflect on lessons they learned the hard way when transitioning to in-house counsel positions.