An Illinois man accused of pocketing about $2 million from investors in his Wisconsin pharmaceutical company by lying about his work surrounding an experimental drug pled guilty to a single count of wire fraud Tuesday.
A Pennsylvania attorney has agreed to a suspension of his law license following a guilty plea last year on misdemeanor charges stemming from allegations that he aided a state lawmaker to support an Allegheny County illegal gambling ring.
A Swiss banking adviser caught in a U.S. crackdown on international tax evasion should get probation or time served, since officials with greater culpability avoided incarceration, her attorney said in a sentencing memorandum filed Monday in a New York federal court.
A former state legislator confessed in Brooklyn federal court on Tuesday to swindling New York City and the Federal Emergency Management Agency out of about $70,000 and admitted to having her sister lie to FBI investigators about it in a bid to cover her tracks.
A New York bankruptcy judge has agreed to let an investor for the doomed Fyre Festival pursue a $3 million claim against the company and its organizers while the beleaguered concert operation goes through liquidation.
Federal prosecutors late Monday blasted an attempt by former executives at Insys Therapeutics Inc. to get more details about charges that they bribed doctors to boost sales of their fentanyl spray, saying the executives have more than enough information from the complaint and discovery.
A former banking partner at Locke Lord LLP will face two counts of fraud in an English court in July for allegedly inflicting financial losses on members of a multimillion-pound investment scheme, the Crown Prosecution Service told Law360 on Tuesday.
It is “blindingly obvious” that two former senior traders at Barclays PLC and Deutsche Bank AG were the main players in a "conspiracy" to game the financial system by rigging Euribor to benefit their trading positions, a prosecutor for the Serious Fraud Office told a London jury Tuesday.
Dozens of U.S. and Nigerian participants in alleged email scams targeting wire transfers have been arrested in the past six months, the U.S. Department of Justice announced Monday.
The U.S. shipped former Panama President Ricardo Martinelli home from Miami on Monday, almost exactly a year after the Central American nation requested his extradition to face charges that he conducted illegal surveillance and embezzled public money.
A former audit partner at KPMG LLP has asked a Brooklyn federal judge to make prosecutors look for exculpatory evidence in files belonging to the U.S. Securities and Exchange Commission and an accounting oversight group, saying both were essentially part of the prosecution team.
Four ex-Wilmington Trust executives attacked their May convictions on federal securities fraud and conspiracy charges late Friday, demanding acquittal or new trials and accusing the government of missteps ranging from changing theories mid-trial to lacking evidence of criminal intent to conceal past due commercial loans.
A former Equifax executive accused of selling off shares before the public was informed of the company's massive data breach told a Georgia federal court Monday that the government's indictment only proves he exercised stock options after being lied to by his employer.
A New York federal judge has refused to throw out corruption charges against former New York State Senate Majority Leader Dean Skelos and his son Adam, setting the stage for a retrial to begin next week.
A California inmate serving a life sentence for murder and attempted murder lost his attempt in the Ninth Circuit to challenge his conviction, with the court saying Friday he had not shown that his lawyer's racism left him without effective counsel.
Attorneys general for Maryland and the District of Columbia squared off Monday with the U.S. Department of Justice over the scope of the term "emoluments" in a battle in Maryland federal court over whether foreign payments to the Trump International Hotel in Washington violate the Constitution.
A U.S. Securities and Exchange Commission attorney who, while an associate at Willkie Farr & Gallagher LLP, helped defend a former IndyMac executive after the bank’s collapse in 2008 is joining Foley & Lardner LLP’s securities enforcement and litigation practice, the firm has announced.
A convicted tax shelter promoter has asked the Second Circuit to reconsider its April decision to uphold a $62 million tax penalty, claiming the court violated due process by ruling the penalty must be fully paid before he can seek a refund.
A former prosecutor on the task force that pursued international banks for hiding the risk within sickly residential mortgage-backed securities has rejoined Lowenstein Sandler LLP, the firm announced on Monday.
A New Jersey federal bankruptcy judge on Monday agreed to dismiss the case of a once-incarcerated star of "The Real Housewives of New Jersey" so that she and her Chapter 7 trustee can complete a confidential settlement in their malpractice action against her former lawyer in state court.
The McDonnell and Zaslavskiy actions in the Eastern District of New York are initial cryptocurrency cases where government regulators are testing their jurisdictional theories. Both cases will help chart the course for future enforcement in an industry where the law has struggled to keep pace with technology, say Deborah Meshulam and Benjamin Klein of DLA Piper.
In these politically divisive times, many ask whether our institutions and traditions can help us return to a greater consensus. In days long past, the legal profession could have been counted on to serve just such a function. But lawyers are now just as polarized as everyone else, says Samuel Samaro of Pashman Stein Walder Hayden PC.
A nuclear fuel transport company's March settlement with the U.S. Department of Justice resulted in charges against not only the company itself, but also against senior executives, a foreign official and a middleman allegedly involved in bribe payments. The DOJ's pursuit of all sides in this case parallels its actions in other recent cases, say Amelia Hairston-Porter and Nina Gupta of Miller & Chevalier Chtd.
A recent policy announcement by Deputy Attorney General Rod Rosenstein appears to be an express acknowledgement by the U.S. Department of Justice of the need to mitigate the disproportionate and harmful consequences that can result when multiple enforcement authorities seek to investigate and punish the same conduct, say attorneys with Winston & Strawn LLP.
As digital currencies continue to evolve on the international platform, the anonymous and decentralized nature of cryptocurrency transactions could present a number of potential violations of U.S. anti-corruption, sanctions and anti-money laundering laws, including the Foreign Corrupt Practices Act, say attorneys with Ropes & Gray LLP.
The Financial Crimes Enforcement Network’s long-awaited customer due diligence rule — the so-called “fifth pillar” of anti-money laundering programs — is now effective, but the broad reach of the rule and some lingering interpretive issues have made it difficult for firms to operationalize the rule’s requirements, say members of Promontory Financial Group LLC.
After moving into a new law office, tenants often file their signed leases away, figuring that the terms are set for a few years at least. However, leases can be very flexible instruments, and should be reviewed annually even if nothing seems amiss, says Tiffany Winne of Savills Studley Inc.
Based on his experience as a BigLaw associate for six years and now as general counsel for a tech startup, Jason Idilbi of Passport Labs offers some best practices for newer associates — whether they are serving external clients or senior attorneys within their firms.
In March, the U.S. Securities and Exchange Commission announced a settlement with Elbit Imaging Ltd. related to alleged violations of the Foreign Corrupt Practices Act. The lack of confirmation that fees were in fact given to a foreign official is an example of the broad reach of the FCPA's accounting provisions, says Alice Hsieh of Miller & Chevalier Chtd.
In my interviews with judges for this series on sentencing, some of the more interesting insights have come from those who were formerly criminal defense lawyers, says attorney Alan Ellis.