White Collar

  • February 16, 2017

    Navy Commander Charged In 'Fat Leonard' Bribery Scandal

    The federal government said Thursday it has charged a U.S. Navy commander with bribery for allegedly accepting luxury travel, elaborate dinners and the services of prostitutes in exchange for classified and internal Navy information, the latest development in the "Fat Leonard" scandal.

  • February 16, 2017

    Billionaire Slams Stanford Receiver’s $88M Clawback Bid

    A Colorado billionaire who won a jury trial in an $88 million clawback suit aimed at recovering money invested in R. Allen Stanford’s $7 billion Ponzi scheme told a Texas federal judge on Wednesday the receiver for the fraud continues to use arguments rejected previously to force a judgment against him.

  • February 16, 2017

    NY Judge Gives Nod To Ex-AIG Head’s $10M Deal

    A New York state judge on Thursday indicated he approved the nearly $10 million deal the state attorney general reached with former American International Group Inc. CEO Maurice “Hank” Greenberg and the insurer’s former chief financial officer, and will dismiss the long-running fraud case once the pair pay up.

  • February 16, 2017

    Hitachi Must Pay $55M For Shock Absorber Price-Fixing

    An Ohio federal judge on Thursday fined Japanese auto parts maker Hitachi Automotive Systems Ltd. $55.48 million for manipulating the market for shock absorbers, following a U.S. Department of Justice recommendation last week.

  • February 16, 2017

    Gorsuch Nomination Hearings To Kick Off In March

    Opening statements in a hearing on Judge Neil Gorsuch’s nomination to the U.S. Supreme Court will begin on March 20, with questioning of the associate justice-designate commencing the following day, Senate Judiciary Committee Chairman Chuck Grassley said Thursday.

  • February 16, 2017

    Vendor Pleads Guilty In Scheme To Bilk MillerCoors

    A vendor accused by the U.S. government of helping a former MillerCoors executive defraud the beer maker through invoices for fake marketing events has pled guilty to mail fraud and faces up to 20 years in prison, according to a plea agreement filed in Illinois federal court Wednesday.

  • February 16, 2017

    NJ Judge Again Finds Probable Cause In Christie GWB Case

    A New Jersey judge on Thursday again found probable cause in an activist's criminal complaint accusing Gov. Chris Christie of official misconduct over politically motivated lane closures at the George Washington Bridge, sending the matter to prosecutors who have already said they won't pursue charges against the governor.

  • February 16, 2017

    Bugs And Hair Plagued Meningitis-Linked Pharmacy, Jury Told

    The Massachusetts compounding pharmacy linked to a deadly outbreak of meningitis was plagued with bugs, human hair and the chief pharmacist’s indifference to the problems, the company’s former quality control officer told a jury on Thursday during her former boss's murder trial.

  • February 16, 2017

    Prevezon Blasts New Gov't Evidence In $230M Tax Fraud Suit

    Prevezon Holdings Ltd. lashed out Wednesday at a government request to introduce new documents, new witnesses and new discovery requests in a New York federal court lawsuit stemming from a $230 million Russian tax fraud, arguing prosecutors had their chance to bolster their “insufficient case.”

  • February 16, 2017

    Ex-Calif. Atty Get 6 Years For $4.5M Investment Scheme

    A disbarred California attorney has been sentenced to six years in prison after he pled guilty to federal securities fraud for tricking various clients into handing over about $4.5 million for stock and real estate investments and then pocketing the money.

  • February 15, 2017

    Reporter's Atty Hints Fox News Under Federal Investigation

    Fox News may be under federal investigation in connection with the sexual harassment claims that led to a series of lawsuits against the company and its former CEO Roger Ailes, an attorney for a former Fox reporter said in a New York hearing Wednesday, according to reports.

  • February 15, 2017

    Ex-BNY Mellon Staffer Bilked $7M From Bank, Feds Say

    Manhattan federal prosecutors on Wednesday charged a former employee of a Bank of New York Mellon unit with embezzling $7.1 million over 13 years, which he used to pay for perks like luxury cars, vacations and an outdoor swimming pool.

  • February 15, 2017

    Texan Gets 5 Years For Role In Miss. Prison Kickback Scheme

    A Texas businessman was sentenced to five years in federal prison by a Mississippi federal court on Tuesday and ordered to pay $500,000 for his role in a sprawling bribery and kickback scheme at the Mississippi Department of Corrections.

  • February 15, 2017

    Pastor, Tech Whiz Blame Coin.mx Boss As Bribery Trial Opens

    New Jersey pastor Trevon Gross and tech expert Yuri Lebedev told a Manhattan federal jury Wednesday that Anthony Murgio, the founder of Coin.mx who has pled guilty in the bribery and fraud case, is to blame for an illegal scheme to take over a credit union for bitcoin payment processing.

  • February 15, 2017

    Meningitis-Linked Drugmaker Was On States' Radar, Jury Told

    The Massachusetts compounding center whose chief pharmacist is on trial for murder came under regulatory scrutiny even before a 2012 meningitis outbreak that killed 64 people, a state investigator testified Wednesday in Boston federal court.

  • February 15, 2017

    US Atty Wifredo Ferrer Resigns Florida Post

    U.S. Attorney for the Southern District of Florida Wifredo Ferrer said Wednesday that he will resign from his post as of March 3 in anticipation of a new appointment to replace him by President Donald Trump.

  • February 15, 2017

    Conflicted Kirkland Team Hangs On In Turkish Trader Case

    A Kirkland & Ellis team representing a Turkish businessman accused of money laundering and breaking U.S. sanctions on Iran can stay in the case despite a maze of conflicts surrounding the firm’s work for banks named in the government's case, a New York federal judge ruled Wednesday.

  • February 15, 2017

    Former Calif. Atty Told To Pay $18M Over Foreclosure Scam

    A California federal judge on Wednesday ordered a former California attorney to pay more than $18 million and barred him from the debt relief market to settle claims by the Federal Trade Commission that he wrongly recruited homeowners into “mass-joinder” lawsuits against mortgage lenders.

  • February 15, 2017

    Millionaire Who Killed Son Presses $37M Merrill Fraud Case

    Gigi Jordan, the wealthy businesswoman whose name made headlines when she killed her young son at a Manhattan hotel in 2010, has accused a Bank of America Corp. unit of allowing fraudulent account activity that cost her $37 million and has asked a Delaware federal judge to let her arbitrate against the bank, according to a document filed Wednesday.

  • February 15, 2017

    Insurer Fights To Avoid Coverage In UPenn Hotel Case

    An insurer is suing a company that managed a Philadelphia hotel for the University of Pennsylvania to avoid covering now-settled claims brought by the school over an alleged $3 million false billing scheme, contending in a complaint in Philadelphia county court that policy exclusions apply.

Expert Analysis

  • The End Of SEC's Payment Disclosure Rule

    Nicolas Grabar

    The Senate on Friday passed a resolution under the Congressional Review Act that disapproves the U.S. Securities and Exchange Commission’s rule on resource extraction payments. The result for affected issuers is clear — the existing rule is gone, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • The 5th Amendment's Essential Role In Offshore Audits

    Michael DeBlis III

    The Fifth Amendment is normally associated with criminal proceedings and the prohibition against self-incriminating testimony. However, its protections also apply in some other matters, such as contempt of Congress. More importantly for tax law purposes, there is a documentary production privilege, and there is a trio of cases that flesh out this concept, says Michael DeBlis III of DeBlis Law.

  • Can Federal Agencies Reverse Course Under Trump?

    Steven D. Gordon

    The next four years will see litigation that explores the extent to which the Trump administration can alter or reverse the regulatory policies of the Obama administration without having to enact new legislation. The U.S. Supreme Court has recently made clear that there are fewer limits to an agency changing course than had previously been thought, says Steven Gordon of Holland & Knight LLP.

  • Defining Corporate Criminal Liability For Insider Trading

    John Anderson

    The current enforcement regime is absurdly overbroad in that it affords no principled guarantee to corporate victims of insider trading that they will not be indicted or punished for the crimes perpetrated against them. However, there is one form of derivative corporate criminal liability that does make sense, says John Anderson of Mississippi College School of Law.

  • Opinion

    The Myth Of The Forceful Mediator

    Jeff Kichaven

    When mediators rely on force to get cases settled, it doesn’t work. It’s time to suggest more productive ways for top-gun litigators and top-flight mediators to engage, says Jeff Kichaven of Jeff Kichaven Commercial Mediation.

  • How The Cayman Islands Updated Its Confidentiality Law

    Andrew Bolton

    Last year, as part of a move toward transparency, cooperation and information-sharing, the Cayman Islands replaced its 40-year-old confidentiality law with a new statute. The key change is that disclosure of confidential information is no longer a criminal offense; instead, liability is returned to the realm of common law and rules of equity, say Andrew Bolton and Jane Hale of Appleby.

  • A Look Back At A Year Of Record-Setting HIPAA Enforcement

    David P. Saunders

    Last year saw unprecedented levels of enforcement actions, fines and, as a result, aggregate Health Insurance Portability and Accountability Act penalties being assessed. This year, the question on many HIPAA-watchers' minds, however, is whether 2016 is the “new normal” or if it was aberrational, says David Saunders of Jenner & Block.

  • Prosecution Of Corporate Execs: The Latest Developments

    Dawn E. Murphy-Johnson

    During the last quarter of 2016, the U.S. Department of Justice announced several significant guilty pleas and indictments against corporate executives that may provide some clues about where the prosecution of executives is headed this year, say attorneys with Miller & Chevalier Chtd.

  • Bitcoin Users Should Expect More IRS And DOJ Scrutiny

    Mark Milton

    As the value of a bitcoin hovers near $1000, holders of the digital currency may be celebrating. But bitcoin users face new scrutiny from federal authorities. The IRS' quest for information on users of the Coinbase bitcoin exchange service is part of a joint effort with the U.S. Department of Justice to pursue tax evaders, says Mark Milton of Husch Blackwell LLP.

  • Opinion

    Love And Law In The Age Of Trump

    Kevin Curnin

    Love is not a subject that lawyers typically devote themselves to professionally. But as we witness this historic transition to a new administration, lawyers in particular are reminded that love is tied, however imperfectly, to our cherished founding ideals, says Kevin Curnin, president of the Association of Pro Bono Counsel.