White Collar

  • January 13, 2017

    6th Circ. Affirms Whistleblower Can't Sue Morgan Stanley

    The Sixth Circuit on Friday upheld the dismissal of a former Morgan Stanley employee's retaliation lawsuit against the company, finding that his “vague assertions” of working with law enforcement don’t afford him whistleblower protections.

  • January 13, 2017

    Pharmacy That Sold Deadly Drugs Touted Safety, Jury Told

    A former sales representative at a Massachusetts pharmacy linked to the deadly 2012 meningitis outbreak testified Friday he was trained to tell prospective customers the company was fastidious about ensuring patient safety as he took the stand in the murder trial of the firm's former chief.

  • January 13, 2017

    Chile's SQM To Pay More Than $30M For FCPA Violations

    Chilean-based chemical and mining company Sociedad Quimica y Minera de Chile SA has agreed to pay more than $30 million to resolve criminal and civil allegations of violating the Foreign Corrupt Practices Act by funneling more than $15 million to Chilean political figures and associated entities, the U.S. Department of Justice said Friday.

  • January 13, 2017

    Dewey Execs Trying To Mislead Jury, Prosecutors Say

    The Manhattan district attorney’s office pushed back Friday at requests by attorneys for two former Dewey & LeBoeuf LLP executives for wide latitude in their cross-examination of the star cooperating witness in the upcoming retrial over alleged accounting fraud at the defunct law firm, saying the defense aims to mislead the upcoming jury.

  • January 13, 2017

    DC Circ. Won't Let Blackwater Guard Unseal Info For Appeal

    The D.C. Circuit on Friday declined to allow a former Blackwater guard convicted of murder over a 2007 shooting in Iraq to unseal certain statements he claims support overturning his conviction, saying he would have to present the statements in a closed session.

  • January 13, 2017

    SEC Whistleblower Prodded On Misconduct At Fraud Trial

    U.S. Securities and Exchange Commission whistleblower Jason Thorell sparred Friday over the extent of his wrongdoing at Visium Asset Management LP with the counsel for Stefan Lumiere, a former portfolio manager at the hedge fund being tried on criminal charges of scheming to overvalue a $480 million debt fund.

  • January 13, 2017

    Feds Tell Justices To Deny Ex-Dick's Atty's Forfeiture Appeal

    The federal government on Friday urged the U.S. Supreme Court to deny a bid by a former Dick's Sporting Goods attorney for review of the Second Circuit’s affirmation of a $1.3 million forfeiture order arising from his conviction for sending kickbacks to another lawyer.

  • January 13, 2017

    Tribe Says Leaders' Indictment Boosts Suit Against Bank

    The Paskenta Band of Nomlaki Indians told a California federal judge Thursday that the recent indictment of three former tribal officials on embezzlement charges bolsters its case against a bank that allegedly knew the ex-leaders were exploiting their positions to steal from the tribe.

  • January 13, 2017

    UBS Loses $1.2B Bail Challenge In Tax Fraud Investigation

    The European Court of Human Rights announced on Thursday that it has rejected UBS AG's challenge to a €1.1 billion ($1.24 billion) bail upheld by the French Supreme Court after the bank came under scrutiny for allegedly helping clients dodge taxes.

  • January 13, 2017

    Jason Galanis To Plead Guilty In $60M Tribal Bond Scheme

    Serial fraudster Jason Galanis is expected to plead guilty to his role in a scheme to induce a tribal entity to issue more than $60 million in bonds so he could steal the proceeds to finance previous criminal defense costs, his attorney revealed Friday in a New York federal court.

  • January 13, 2017

    3 Takata Execs Face Criminal Charges Over Air Bag Scheme

    Three Takata Corp. executives have been indicted on criminal charges for their alleged roles in a more than decadelong scheme to hide the truth about the company’s potentially deadly air bag inflators from automakers, federal regulators and the public, the U.S. Department of Justice announced Friday.

  • January 13, 2017

    Health Hires: 7 New Life Sciences, Health Additions

    The beginning of 2017 has seen Squire Patton Boggs LLP, Orrick Herrington & Sutcliffe LLP and Fenwick & West LLP grow their life sciences teams, and Dinsmore & Shohl LLP, Mandelbaum Salsburg PC, Saul Ewing LLP and Buchanan Ingersoll & Rooney PC expand their health care groups.

  • January 13, 2017

    Russia Bombshells Leave Sanctions Bar Guessing

    With President Barack Obama taking one final strike at Russia for its purported tampering in the U.S. election and President-elect Donald Trump facing a slew of explosive allegations of Moscow-related impropriety, sanctions attorneys have been left grasping at straws regarding what comes next in the two countries' fractious relationship.

  • January 13, 2017

    'Dance Moms' Star, Feds Battle Over Proper Sentencing

    Federal prosecutors and the star of Lifetime's reality television series "Dance Moms," now facing sentencing for hiding assets during bankruptcy proceedings, filed conflicting briefs on Thursday regarding whether or not she intended to block creditors from collecting in full and whether imprisonment is warranted.

  • January 13, 2017

    NY Fund Manager Shells Out $8M To SEC Over Ponzi Scheme

    The U.S. Securities and Exchange Commission announced on Thursday that a New York venture capital fund manager agreed to pay it $8 million in disgorgement for allegedly operating a $5 million Ponzi scheme involving fake purchases of Twitter and Uber shares.

  • January 13, 2017

    Supreme Court To Review Limitations On SEC Disgorgement

    The U.S. Supreme Court agreed Friday to review whether the U.S. Securities and Exchange Commission is subject to time limits when seeking ill-gotten gains, taking up a New Mexico investment adviser’s appeal of an issue that has split the circuits.

  • January 13, 2017

    Prostitution Bribery Scheme Lands Navy Officer 30 Months

    A U.S. Navy lieutenant commander was sentenced to 30 months behind bars on Thursday in California federal court after admitting that he had leaked proprietary Navy information to a foreign defense contractor in exchange for prostitutes and cash.

  • January 13, 2017

    Ex-Fisher Phillips Partner Can’t Sell Wife’s Estate, DA Says

    A Fisher Phillips employment partner charged with involuntary manslaughter for the shooting death of his wife should not be allowed to benefit from the sale of her estate, Fulton County, Georgia, District Attorney Paul Howard said in a statement Thursday.

  • January 13, 2017

    Dewey’s Zach Warren Freed Of Charges Over Firm's Collapse

    Zachary Warren, the sole low-level Dewey & LeBoeuf LLP staffer to fight criminal charges over alleged accounting fraud at the now-defunct law firm, on Friday was released early from the terms of a deferred prosecution agreement, and the indictment against him was dismissed.

  • January 12, 2017

    Ex-HBO Employee Gets 30 Months For Embezzling $1M

    A former HBO employee who pled guilty to embezzling nearly $1 million from the network was sentenced to 30 months in federal prison plus $1.2 million in restitution payments in California federal court on Thursday.

Expert Analysis

  • The Panama Papers: The Story So Far, And What Comes Next

    Jeremy Maltby

    The offshore banking industry attracted global attention earlier this year with the publication of 11.5 million leaked documents detailing decades of information about over 200,000 bank accounts and shell companies. Jeremy Maltby and Grant Damon-Feng of O'Melveny & Myers LLP examine government responses to the Panama Papers and offer tips for companies to minimize their risk of exposure to unlawful shell company activity and its consequences.

  • Illegality In Arbitrations: What Is The Arbitrator's Duty?

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    What if an arbitrator sees signs of serious fraud — fraud that may amount to serious crime? And given the confidentiality constraints of the arbitration process, when if ever should the arbitrator breach confidentiality and reach out to law enforcement? Elizabeth Ainslie of Schnader Harrison Segal & Lewis LLP discusses some of the rare situations in which these questions might arise.

  • Are Courts In The Discovery Driver’s Seat?

    Cristin K. Traylor

    I recently asked a panel of four federal court judges whether they expect courts to start taking a more active role in e-discovery. They answered with a resounding yes. However, their responses left me wondering whether courts are actually taking a more active role in discovery since the Federal Rules of Civil Procedure amendments took effect in December 2015, says Cristin Traylor of McGuireWoods LLP.

  • Salman Insider Trading Case A Hollow Win For Prosecutors

    Michael Guttentag

    The dominant narrative about Salman v. U.S., the first insider trading case decided by the U.S. Supreme Court in almost 20 years, is that it was a big win for federal prosecutors. That is only part of the story, says professor Michael Guttentag of Loyola Law School.

  • Talking 'Bull': Episode 9, Light My Fire

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    The TV show Bull has high ratings, but has not grabbed hold of the zeitgeist. There have not been tangential think pieces in the arts pages, but the legal community is well aware of the series. Bull seems to be like one of those shows that you realize years later is still on the air being watched by a lot of people you have never met, like the Mentalist or some show in which a fat guy is the dad, says Dr. Roy Futterman of DOAR Inc.

  • Rules Of Civil Procedure Updates Affect E-Discovery

    Patrick Reilly

    On Dec. 1, 2016, the annual updates to the Federal Rules of Civil Procedure went into effect. Revisions include the end of the three-day “mail rule” extension for electronically served discovery, an amendment regarding service of internationally based corporate defendants, and a technical change regarding venues in maritime law actions, say Patrick Reilly and Eldin Hasic of Faegre Baker Daniels LLP.

  • High Court Eschews Technicalities In Bank Fraud Law Ruling

    Kate Toomey

    The U.S. Supreme Court's focus in Shaw on the practical, rather than the technical, continues the approach that the court took in Loughrin — that legal “niceties” should not dictate the interpretation of the bank fraud statute, says A. Katherine Toomey of Lewis Baach PLLC.

  • The Path To The California Bench

    Judge George F. Bird

    Ever consider applying for a judicial appointment in California? Get the lay of the land from Judge George Bird of the Los Angeles Superior Court and Kimberly Knill, a senior appellate court attorney for the California Court of Appeal. Additionally, hear what several recent appointees to the LA Superior Court thought of the judicial selection process.

  • 3 Tips To Avoid Being On The Outs With In-House Counsel

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    When trial lawyers fail to recognize the unique challenges faced by in-house counsel, it jeopardizes not only the outcome of the case, but also the opportunities for future representation. These few simple strategies are hardly rocket science, but they are too often neglected, says Matthew Whitley
 of Beck Redden LLP.

  • The Horrible Conflict Between Biology And Women Attorneys

    Anusia Gillespie

    Women leave law firms for many of the same reasons men do, but also face challenges including headwinds with respect to assignment delegation and social outings, as well as potential disruptions if they choose to have children. Firms can increase investment in talent management and improve retention and engagement of women attorneys, says Anusia Gillespie of Banava Consulting.