White Collar

  • April 16, 2018

    NJ Courtroom's Layout Row Is Unsettled Matter, Court Says

    The awkward layout of a New Jersey courtroom has constitutional implications worthy of examination by not only the Public Defender’s Office and county officials, but even a court-appointed special master, an appellate panel ruled Monday.

  • April 16, 2018

    Binary Options Co. Founder Indicted For $2.1M Fraud

    Federal authorities unsealed a three-count indictment in a New York federal court Monday accusing Blake Kantor, also known as Bill Gordon, of defrauding investors out of approximately $2.1 million through his binary options company and a worthless cryptocurrency, and later lying to federal investigators to cover his tracks.

  • April 16, 2018

    Wilmington Trust Execs Say Crime Unproven, Seek Case Toss

    Prosecutors failed to nail down either conspiracies or crimes during the first five weeks of a federal trial in Delaware for four Wilmington Trust Corp. executives accused of hiding mounting past-due loans, defense attorneys said during acquittal arguments Monday.

  • April 16, 2018

    Cohen, Trump Can't Get Block Of Fed. Review Of Seized Docs

    A New York federal judge on Monday refused calls from President Donald Trump and his longtime personal attorney, Michael Cohen, for an order blocking federal prosecutors from looking through a trove of materials seized in raids on Cohen’s office and home.

  • April 16, 2018

    Bankrupt Mint Ex-CEO Accused Of $25M Ponzi-Like Fraud

    The former president and CEO of a Seattle-area precious metals dealer, known for getting the business end of a $38 million defamation suit brought by an L.A. real estate investor, on Monday was arrested and accused of running a Ponzi-like scheme that defrauded customers of over $25 million.

  • April 16, 2018

    ‘Fifth’ Pleas Admissible In $270M Fraud Trial, Court Rules

    A Delaware Chancery judge followed through Sunday on assurances he gave last week that Fifth Amendment pleas made in previous witness depositions will be admissible in a trial on A. Schulman Inc.’s $270 million fraud claims, which started Monday.

  • April 16, 2018

    Sheppard Mullin Enters Texas Market With Dallas Office

    Los Angeles-based law firm Sheppard Mullin Richter & Hampton LLP announced Monday that it has entered the Texas market by opening a Dallas office that will be staffed with 10 partners, bringing the total number of firm offices worldwide to 16.

  • April 16, 2018

    Ex-BP Economist Cops To Bitcoin Extortion Plot

    A former BP America Inc. economist pled guilty in Houston on Monday to a charge that he attempted to extort more than $300,000 from the oil and gas giant by demanding Bitcoin payment in exchange for not releasing classified documents.

  • April 16, 2018

    House Members Press FBI On Shooter IPhone Unlock Case

    A bipartisan group of U.S. House of Representatives members on Friday asked the FBI to explain why they dragged Apple into a protracted court battle to access a mass shooter's iPhone when the tools to unlock the device were readily available, contradicting fears big tech companies were letting criminals "go dark" on authorities. 

  • April 16, 2018

    2nd Circ. Revives Tax Fraud Denaturalization Fight

    A woman who said her lawyer misled her about the consequences of pleading guilty to tax fraud had her bid to overturn her conviction and retain her U.S. citizenship revived by the Second Circuit on Monday, with the court saying more facts were needed before a ruling was possible.

  • April 16, 2018

    Fla. Judge Quashes Subpoenas In Venezuela Oil Bribery Suit

    A Florida federal judge on Monday quashed dozens of subpoenas issued by Venezuela’s state-owned oil company against defendants accused of operating a bribery scheme, and also said she would allow limited discovery on the issue of whether the company has standing to pursue its claims.

  • April 16, 2018

    NY Gun Atty Tells Jury He Was 'Pushy' But Didn't Pay Bribes

    Gun-licensing lawyer John Chambers is “pushy” and “aggressive” on behalf of his clients when they seek to obtain or keep New York City pistol permits, but he is an honest broker who never paid off police, his counsel told a Manhattan jury on Monday.

  • April 16, 2018

    DLA Piper Adds 2 Securities Litigators To Dallas Office

    DLA Piper’s growing Dallas office got a boost in early April with two securities litigators from Greenberg Traurig LLP, including a former enforcement attorney for the U.S. Securities and Exchange Commission, the firm has announced.

  • April 16, 2018

    Blagojevich Loses 2nd Bid For High Court Appeal

    The U.S. Supreme Court on Monday announced it will not take up an appeal from Rod Blagojevich, the former Illinois governor who is currently serving 14 years in prison on corruption charges stemming from improper donations to his campaign and an effort to sell former President Barack Obama’s seat in the U.S. Senate in 2008.

  • April 16, 2018

    Traders' Chats Show Plot To Rig Euribor, Prosecutors Tell Jury

    Former Barclays PLC and Deutsche Bank AG traders accused of conspiracy to defraud left their “moral compass” at the door when they took part in an alleged plot to rig benchmark interest rates, prosecutors for Britain’s Serious Fraud Office said at a London court Monday.

  • April 16, 2018

    ZTE Takes Another Sanctions Hit For Lying To US Gov't

    The Trump administration on Monday issued an order effectively barring U.S. companies from shipping components to ZTE Corp. after discovering that the Chinese telecom giant lied to the government in the probationary period that followed its $892 million settlement for sanctions violations last year.

  • April 13, 2018

    How 5 Firms Grew Without Merging

    These firms saw double-digit growth in 2017 — one hire at a time. Here, their leaders tell Law360 of their varied approaches to attracting top talent.

  • April 13, 2018

    Law360 Reveals 400 Largest US Firms

    The annual Law360 400 ranks the largest U.S.-based law firms and vereins with a U.S. component by domestic attorney headcount.

  • April 13, 2018

    Megafirms Find New Heights In Grounded Market

    The biggest of BigLaw are widening the gap between themselves and their rivals, as firms of all sizes grapple with fluctuating demand and seek out their place in the legal landscape.

  • April 13, 2018

    Ex-Katten Atty Pushes To Deep-Six Fraud Verdict

    Attorneys for former Katten Muchin Rosenman LLP attorney Evan Greebel on Friday made a last ditch trial court plea to a New York federal judge to quash his conviction for aiding notorious pharmaceutical executive Martin Shkreli in defrauding Retrophin Inc., saying prosecutors failed to prove Greebel was in on the crimes.

Expert Analysis

  • Expats Beware: OVDP Is Over In September

    Glen Frost

    U.S. taxpayers with undisclosed foreign accounts need to act soon as the IRS is ending its offshore voluntary disclosure program in six months, says Glen Frost of American Citizens Abroad.

  • Opinion

    Companies Should Avoid The BigLaw Bonus Structure

    Michael Moradzadeh

    Since passage of the Trump tax plan last year, companies have been touting bonuses they’ve handed down to rank-and-file employees. This highlights the trend of employers favoring bonuses over pay raises in the belief that variable, short-term rewards are less risky to the business than permanent increases in labor costs. But law firms have used this strategy for years — and there are dangers, says Michael Moradzadeh of Rimon PC.

  • Chief Innovation Officer — The New Star On Legal Teams

    Mark Williamson

    Over the past few years, forward-thinking law firms have expanded their talent pools to include a chief innovation officer, whose responsibilities include spearheading the implementation of technology. It is a smart move, says ​​​​​​​Mark Williamson, co-founder and chief technology officer at Hanzo Archives Ltd.

  • Betting On Change: States Plan For Sports Gambling Decision

    Aaron Swerdlow

    If New Jersey wins its sports betting case at the U.S. Supreme Court, expect many states to implement new legislation legalizing sports betting and industry regulation. If New Jersey does not win, it will anger many state legislators that were preparing to implement their own legislation, says Aaron Swerdlow of Gerard Fox Law PC.

  • Opinion

    National Lawyers Need National Licensing For National Courts

    EJ Hurst II

    Just last month, a number of legal groups asked the Northern District of California to strike its rule requiring that, before seeking federal court admission, attorneys first be licensed by the state of California. It is irrational to exclude seasoned federal practitioners from general admission due to state bar approval while allowing raw state lawyers who have never been inside a federal courtroom, says attorney EJ Hurst.

  • New Bribery Suit's Implications For Venezuela Restructuring

    Richard Cooper

    The decision by Venezuela’s state-owned oil company PDVSA to pursue claims in the U.S. over an alleged bribery scheme raises a number of legal and strategic issues not just for the defendants named in the suit, but also for PDVSA’s bondholders and creditors of the republic, say Richard Cooper and Boaz Morag of Cleary Gottlieb Steen & Hamilton LLP.

  • Percoco Highlights Subpoenas For Atty Notes On Witness

    Kan Nawaday

    The recently concluded Percoco corruption trial in New York brings to mind a trend in the criminal defense bar’s playbook — using Rule 17 to obtain notes taken by the cooperating witness’ attorney during proffer sessions with the government. While it is unlikely that a court will allow disclosure of these notes, such a motion is hardly frivolous, says Kan Nawaday of Venable LLP.

  • An Update On Spoofing And Its Challenges

    Ilan Guedj

    Regulators have recently increased their efforts in cracking down on spoofing, yielding an increasing number of criminal indictments and civil settlements. However, an important challenge in identifying spoofing is separating legitimate calculations from those that were intended to manipulate the market, say Ilan Guedj and An Wang of Bates White LLC.

  • Are ICOs In The Crosshairs Of New York’s Martin Act?

    Daniel Alter

    Although much attention has been paid to the U.S. Securities and Exchange Commission’s actions in the initial coin offering space, little thought has been given to the applicability of New York’s own securities fraud statute. That could be a serious oversight, says Daniel Alter of Murphy & McGonigle PC.

  • Key Statistical Issues In Eye Doc Fraud Sentencing

    Jennifer Dowdell Armstrong

    The reasonableness of an extrapolated loss calculation was a significant sentencing issue in U.S. v. Melgen last month in the Southern District of Florida. The court found flaws in both the government's and defendant’s analyses, and then calculated its own loss figures, say Jennifer Dowdell Armstrong of McDonald Hopkins LLC and Chris Haney of Forensus Group LLC.