White Collar

  • January 12, 2018

    Banks Told RMBS Subpoena Order Is 'Cost Of Doing Business'

    A New York federal judge on Friday refused pleas from banks and mortgage companies to scale back his order allowing costly subpoenas for loan documents to go forward in a U.S. Department of Justice civil action against Barclays PLC over $31 billion worth of toxic residential mortgage-backed securities, saying it’s the cost of doing business.

  • January 12, 2018

    Woodbridge Resets Biz Model During Ch. 11 Control Battle

    Facing a federal securities and Ponzi scheme lawsuit in Florida and demands for a trustee takeover in Delaware bankruptcy court, the Woodbridge Group said Friday that it would shift from reliance on individual investors to institutional financing for its real estate development business.

  • January 12, 2018

    Mueller's Team Seeks May Trial Date For Manafort, Gates

    Paul Manafort, the indicted former campaign manager to President Donald Trump, may face trial as soon as May, according to a filing Friday by the special counsel spearheading an investigation into the Trump campaign that also outlined plans for future evidence exchange.

  • January 12, 2018

    Ex-Bankrate VP Gets 5 Years Despite Cooperating With Gov't

    A Miami federal judge Friday handed a five-year prison sentence to a former Bankrate Inc. vice president of finance who admitted he schemed to lie about the rate-shopping company’s finances after he asked for leniency, citing his plan to testify against his former boss at an upcoming trial.

  • January 12, 2018

    Nuclear Co. Exec Charged In Russia-Linked FCPA Scheme

    The president of a nuclear transportation company was charged with fraud, money laundering and violating the Foreign Corrupt Practices Act for his alleged connection to a scheme to bribe the Russian state uranium supplier to land contracts with the government monopoly, prosecutors said Friday.

  • January 12, 2018

    1st Circ. Sends 3 More Meningitis Pharmacists To Trial

    The First Circuit on Friday decided federal prosecutors can move forward with charges against three former pharmacists who allegedly prescribed drugs to “Wonder Woman,” “Chester Cheeto,” “Filet O'fish” and other fake patients from a Massachusetts compounding facility linked to a fatal meningitis outbreak.

  • January 12, 2018

    Ex-Hospital Owner Gets Over 5 Years In Kickback Scheme

    A former California hospital owner will spend more than 5 years in prison, give up $10 million and liquidate his vintage cars after he pled guilty to orchestrating a 15-year health care fraud scheme that ran up $500 million in phony bills, prosecutors said Friday.

  • January 12, 2018

    Valeant Says Insurers Must Defend Allergan, Stock-Drop Suits

    Valeant Pharmaceuticals has sued an AIG unit and other insurers, seeking coverage of its costs to defend lawsuits accusing it of orchestrating an insider trading scheme in connection with its attempted $55 billion takeover of Allergan and of fraudulently inflating its stock price, court documents filed Friday in New Jersey federal court show.

  • January 12, 2018

    DC Circ. Says Trustee Can Pursue $12M WaMu Clawback Suit

    The Chapter 7 trustee of a defunct $65 million Ponzi scheme vehicle will get another shot at clawing back $12 million sent to Washington Mutual prior to its 2008 collapse, after the D.C. Circuit found on Friday that a district court jumped the gun by dismissing the suit on procedural grounds.

  • January 12, 2018

    Protesters Arrested After Immigration Advocate Held By ICE

    Two New York City officials were among the 18 arrested Thursday in lower Manhattan as they protested the detention by U.S. Immigration and Customs Enforcement of the head of an organization that advocates for sanctuaries for immigrants, the third individual nationwide with connections to the movement to be detained in recent days.

  • January 12, 2018

    Surgeon Sentenced For Burning Initials Onto Patients' Livers

    A British surgeon was given a yearlong, out-of-prison sentence that includes 120 hours of volunteer work and a £10,000 ($14,000) fine for burning his initials onto two patients’ livers during liver transplant surgery, the U.K.'s Crown Prosecution Service said Friday.

  • January 12, 2018

    Ex-Stockbroker Gets 2 Years Over Microcap Manipulation

    One-half of a two-person team that allegedly pumped and then dumped for $1.6 million a waste-processing company's penny stock was sentenced Thursday to two years, according to court records.

  • January 12, 2018

    3 Charged In $6.3M Car Dealership Embezzlement Scheme

    Three California men were arrested Friday for their alleged role in the embezzlement of $6.3 million through Sonnen Motorcars, which owns three car dealerships, according to the U.S. Department of Justice.

  • January 12, 2018

    Unlicensed NY Surgeon Indicted Over $1.3M Disability Fraud

    A doctor accused of performing more than 60 plastic surgeries on patients after losing his license was also indicted Friday on new charges that he ran a $1.3 million disability insurance and welfare fraud scheme, the New York Attorney General’s Office announced.

  • January 12, 2018

    High Court To Hear Ex-CEO's Appeal Over GE Legal Tab

    The U.S. Supreme Court on Friday said it will hear the appeal of an unusual two-judge Fifth Circuit panel decision that ordered a former trucking company CEO to pay about $5 million in legal fees that General Electric Capital Corp. incurred in the bankruptcy resulting from the CEO's fraud.

  • January 12, 2018

    Gov't Misconduct Dooms Gambler's Conviction, 2nd Circ. Told

    Golf course developer, big-money sports gambler and convicted insider trader Billy Walters told the Second Circuit on Thursday that rampant misconduct by investigators building the case against him necessitates a post-hoc dismissal of the charges.

  • January 12, 2018

    Ex-US Attys Say Justice Best Served By Diverse Group

    Former U.S. attorneys interviewed by Law360 said that having a diverse group of people in the job does more than contribute to positive perceptions of the Department of Justice: it can build bridges, prevent abuse and help DOJ leadership make better decisions.

  • January 12, 2018

    Exec Should Get 5 Years Regardless Of Appeal, Judge Says

    A Manhattan federal judge sentenced former text-message industry executive Fraser Thompson to five years in prison Friday for a mass mobile billing ripoff, and warned that she would be inclined to give him a longer sentence if he knocks out an identity theft conviction on appeal.

  • January 12, 2018

    Microsoft Tells High Court Feds Can't Grab Overseas Info

    Microsoft has urged the U.S. Supreme Court to uphold a ruling preventing the federal government from unilaterally requesting user data that the company stores overseas, arguing Thursday that Congress never meant to expand the government’s powers beyond U.S. borders without the cooperation of foreign countries.

  • January 12, 2018

    Kansas Men Cop To Illegal Sports Betting, Dodging Taxes

    Two Wichita, Kansas, men on Friday admitted to running an illegal sports gambling ring and together dodging more than $400,000 in taxes on their winnings.

Expert Analysis

  • Opinion

    Jurors Should Have An Active Role In Trials

    Judge Amos Mazzant III

    We tell jurors how important they are to the successful implementation of our judicial system, but oftentimes we don’t treat them with the reverence they deserve. U.S. District Judge Amos Mazzant III of the Eastern District of Texas, Lisa Blue of Baron and Blue, and Robert Hirschhorn of Cathy E. Bennett & Associates advocate three improvements to give jurors an active role in our civil and criminal jury trials.

  • Opinion

    Time To Root Out Political Interference With The DOJ

    Sen. Sheldon Whitehouse

    Congress and indeed the Justice Department itself have the tools to investigate political interference with our nation’s law enforcement and protect the DOJ from abuse. It’s time to use them, says Sen. Sheldon Whitehouse, D-R.I.

  • Series

    40 Years Of FCPA: An Update From The DOJ

    Daniel Kahn

    U.S. Department of Justice prosecutors and law enforcement partners have secured more foreign bribery-related trial convictions and guilty pleas this year than in any other year in the history of the Foreign Corrupt Practices Act, in fact by almost twice as much. These are all significant cases with significant impacts, says Daniel Kahn, chief of the DOJ's FCPA Unit.

  • Why Information Governance Is More Important Than Ever

    Linda Sharp

    It used to be that hiring a good law firm was the single most important thing a company could do when facing litigation. You could now make the case that an organization’s most powerful asset in prosecuting or defending a claim is its information, says Linda Sharp, associate general counsel of ZL Technologies and chair of the ACC Information Governance Committee.

  • Opinion

    BigLaw Is Behind The Automation Curve

    Michael Moradzadeh

    In its new report on the effects of automation in the workplace, McKinsey Global Institute identifies lawyers as less susceptible to the sort of automation that could put one-third of American workers out of a career by 2030. This may seem reassuring, but it doesn't mean automation won't disrupt our bottom line, says Michael Moradzadeh of Rimon PC.

  • Series

    40 Years Of FCPA: Compliance, Past And Future

    Hui Chen

    More than any other statute, the Foreign Corrupt Practices Act has fueled the growth of the compliance industry. While the expansion of corporate compliance is a positive development, the fear-driven and FCPA-centric approach has also produced unfortunate consequences, says ethics consultant Hui Chen, who served as the U.S. Department of Justice's first-ever compliance counsel.

  • Series

    40 Years Of FCPA: Cross-Border Efforts And Growing Risk

    Patrick Stokes

    The U.S. agencies’ increasing coordination with their foreign partners has led to more potent Foreign Corrupt Practices Act investigations — in terms of both their scope and settlement cost, say Patrick Stokes, former chief of the FCPA Unit at the U.S. Department of Justice, and Zachariah Lloyd of Gibson Dunn & Crutcher LLP.

  • Series

    Judging A Book: Cooke Reviews 'Constance Baker Motley'

    Judge Marcia Cooke

    Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.

  • Can Company Counsel Be At Gov't Interviews Of Employees?

    John Irving

    Company attorneys often “demand” to be present for interviews of employees by government agents. But the government’s obligation to permit company counsel's presence depends on the circumstances, and is primarily rooted in attorney ethics rules prohibiting certain contacts with represented parties, says John Irving of Holland & Knight LLP.

  • Keeping Your Law Library Relevant In The Age Of Google

    Donna Terjesen

    Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.