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White Collar

  • December 12, 2018

    DOJ Urges Prison For Convicted Wilmington Trust Execs

    Federal prosecutors in Delaware recommended prison terms between five and eight years for four convicted Wilmington Trust Corp. executives at the center of a more than $200 million years-long cover-up of bad commercial loans, saying the deception led to huge investor losses and tarnishing of trust in financial industry safeguards.

  • December 12, 2018

    MVP: Dechert's Andrew J. Levander

    Andrew J. Levander of Dechert LLP represented Robert Diamond, the former chairman of Barclays, successfully defending him from a class action over the bank’s dark pool trading operations and in a criminal investigation over financings with Qatari investors among other matters, once again earning him a spot as one of Law360’s White Collar MVPs.

  • December 12, 2018

    Ex-Biotech Exec Avoids Prison For Lying To SEC

    A California biotech entrepreneur avoided jail time Wednesday for lying to the U.S. Securities and Exchange Commission, receiving five months' home confinement and up to five years' probation from a Massachusetts federal judge on a conviction stemming from a pump-and-dump scheme.

  • December 12, 2018

    Cohen Gets 3 Years For Russia Lies, Paying Trump Women

    A Manhattan federal judge sentenced Michael Cohen, President Donald Trump's former lawyer, to three years in prison Wednesday for a “smorgasbord” of crimes, including paying off two women who said they had affairs with the president, lying to Congress about Russia, and dodging taxes on $4.1 million of income.

  • December 11, 2018

    Huawei Exec Granted Bail By Canadian Judge

    A Canadian judge granted bail on Tuesday to a top Huawei Technologies Co. executive facing extradition to the United States, the telecommunications giant announced.

  • December 11, 2018

    NC Atty Charged With Aiding Client's Immigration Fraud

    A North Carolina immigration attorney has been accused of helping an unauthorized immigrant use a U.S. citizen's identity to apply for Deferred Action for Childhood Arrivals status, the U.S. Department of Justice announced Monday.

  • December 11, 2018

    Minn. Biz Co-Founder Gets 12 Years For $30M Stock Fraud

    A Minnesota federal judge sentenced a company co-founder to 12 years in prison Tuesday for his role in a $30 million stock manipulation scheme involving everything from a defunct tanning salon and his personal polo coach to his and his business partner's fathers posing as the company's board.

  • December 11, 2018

    Cape-Wearing Chicago Atty Offers No Excuse For Client Theft

    A former Chicago personal injury lawyer known for dressing up in a cape and mask for a superhero persona known as "ExcuseMan" pled guilty Monday in a Chicago court to stealing his clients' settlements.

  • December 11, 2018

    Hearing Set To Determine If Manafort Lied

    A D.C. federal judge Tuesday tentatively scheduled a hearing for Jan. 25 to determine whether Paul Manafort violated his plea agreement by lying to special prosecutor Robert Mueller.

  • December 11, 2018

    Ex-Bloomberg, Turner Execs Charged In $15M Bribery Case

    Former Bloomberg LP and Turner Construction executives helped steal $15 million from the media giant by rigging bids and handling bribes — sometimes code-named “sandwiches” — linked to interior construction work at two Bloomberg offices, Manhattan’s district attorney alleged Tuesday.

  • December 11, 2018

    House Azerbaijan Trip Organizer Pleads Guilty In Ethics Probe

    An investigation into funding for a 2013 U.S. House of Representatives junket to Azerbaijan has ended with a guilty plea in D.C. federal court that will result in six to 12 months in prison for the trip organizer, a former president of a nonprofit formed to promote understanding between the U.S. and Turkish peoples.

  • December 11, 2018

    Pa. Health Network To Pay $12.5M For Alleged Overbilling

    Federal prosecutors in Pennsylvania announced on Tuesday that they’d inked a $12.5 million settlement with a Lehigh Valley health care network and its CEO over alleged false Medicare and Medicaid claims for orthopedic surgeries.

  • December 11, 2018

    Ex-FDIC Staffer Found Guilty Of Stealing Banks' Living Wills

    A former senior employee at the Federal Deposit Insurance Corp. was convicted by a Brooklyn federal jury on Tuesday of stealing banks’ confidential regulatory filings known as “living wills” that the government claims she copied so she could prepare for job interviews.

  • December 11, 2018

    Ex-Deutsche Traders Fight Convictions, Cite Gov't Misconduct

    Two former traders at Deutsche Bank on Monday urged Manhattan's chief federal judge to reverse their convictions for rigging the London Interbank Offered Rate and dismiss the charges against them, arguing that prosecutors lied and hid evidence throughout the case.

  • December 11, 2018

    Fraudster's Ex-Wife Must Share Emails In Atty Tryst Case

    An Indiana court has ruled that the ex-wife of a convicted hedge fund manager, who claims that she and his defense attorney were having an affair while the attorney was representing him, must turn over all communications she had with the attorney from the time he began representing her ex-husband until the time the two got married.

  • December 11, 2018

    Accountant Seeks No Prison Time For $18M Tax Return Fraud

    An accountant found guilty of helping a venture capitalist siphon $18 million from a fund through false tax returns has told a California federal court he should serve no time behind bars despite prosecutors' request for a "significant" prison sentence.

  • December 11, 2018

    Ex-SUNY Prez Gets 3.5 Years For 'Buffalo Billion' Bid-Rigging

    Manhattan U.S. District Judge Valerie E. Caproni hit former State University of New York Polytechnic Institute President Alain Kaloyeros with three and a half years in prison Tuesday for rigging bids, but allowed the nuclear scientist credited with a revitalization of the upstate school to stay free while he appeals.

  • December 11, 2018

    Contractor Admits Role In Sending Unqualified Guards To IRS

    A manager for a company that provided armed guards to the IRS has pled guilty to conspiracy to defraud the government in a scheme involving the falsification of firearm shooting scores, prosecutors said Monday.

  • December 11, 2018

    MVP: Quinn Emanuel's William A. Burck

    William A. Burck of Quinn Emanuel Urquhart & Sullivan LLP found himself in the eye of the hurricane surrounding the production of documents in the contentious confirmation of U.S. Supreme Court Justice Brett Kavanaugh this year, making him one of Law360’s 2018 White Collar MVPs.

  • December 11, 2018

    Media Errors Hurt Political Chances, Ex-Sheriff Arpaio Says

    Former Arizona Sheriff Joe Arpaio hit CNN, HuffPost, Rolling Stone and several reporters with a $300.5 million defamation lawsuit in D.C. federal court Monday, claiming that misreporting related to his since-pardoned misdemeanor conviction for criminal contempt has hurt his reputation and political chances.

Expert Analysis

  • Opinion

    Jury Saves The Day In Misguided Cannabis Lawsuit

    William Brewer

    It is disturbing that Reilly v. 6480 Pickney — the first civil trial involving the cannabis industry contested on an alleged violation of the Racketeer Influenced and Corrupt Organizations Act — progressed as far as it did before a jury put an end to it in October, say William Brewer and Peter Schwartz of Brewer Attorneys & Counselors.

  • State Net

    State Lawmakers Face Familiar Challenges In 2019

    Korey Clark

    Many of the issues that are most likely to draw the attention of state lawmakers next year — including cybersecurity, internet and data privacy, blockchain and cryptocurrencies, sales taxes on remote sellers, transportation and telecommunications infrastructure, and marijuana — are already familiar, says Korey Clark of State Net Capitol Journal.

  • Société Générale: Sanctions Enforcement Is Alive And Well

    Ama Adams

    The recent settlement between Société Générale and U.S. regulators illustrates that U.S. sanctions enforcement authorities may be shifting their attention back to large financial institutions after several years of relatively quiet enforcement across the financial services industry, say attorneys with Ropes & Gray LLP.

  • 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​​​​​​​.