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White Collar

  • July 12, 2018

    SEC's Och-Ziff Bribery Suit Gets Axed As Untimely

    A New York federal judge on Thursday dismissed a U.S. Securities and Exchange Commission suit accusing two former Och-Ziff Capital Management Group LLC executives of bribing African government officials to secure investments, deeming it untimely.

  • July 12, 2018

    Ex-NY Pension Fund Official Gets Prison For Broker Bribes

    A former New York pension fund director on Thursday was sentenced to just under two years in prison for steering more than $3 billion in business from the New York State Common Retirement Fund to corrupt brokers in return for gifts that ranged from expensive meals to the services of prostitutes.

  • July 12, 2018

    Mueller Says Manafort Ran Afoul Of FARA In The '80s

    Special Counsel Robert Mueller told a D.C. federal judge Wednesday he intends to introduce evidence that former Trump campaign manager Paul Manafort was cited by the U.S. Department of Justice for failing to disclose foreign lobbying activity in the 1980s.

  • July 12, 2018

    Woodbridge Ponzi Victims Seek $215M Loan Fund

    Investors in the alleged Woodbridge Ponzi scheme asked the Delaware bankruptcy court Thursday to allow them to set up a $215 million loan facility to keep some of the noteholders afloat until the company’s bankruptcy is resolved.

  • July 12, 2018

    NJ Hedge Fund Owner Gets 6 Years For 'Brazen' $4M Fraud

    A hedge fund owner was slammed with a six-year prison sentence Thursday for duping two investors into giving him roughly $4 million and spending most of it on what prosecutors said was a lavish lifestyle, with a New Jersey federal judge referring to the crimes as “extraordinarily brazen frauds.”

  • July 12, 2018

    Twice-Charged Ex-Broker Gets Sentence He Bargained For

    A Brooklyn federal judge sentenced a former broker who pled guilty to two stock manipulation schemes to a little more than three and a half years in prison on Thursday, rejecting prosecutors' bid to put him away for five years.

  • July 12, 2018

    NY Tax Shelter's Promoter Found Liable For Penalty

    A New York federal court granted the government a partial victory Thursday by finding that a promoter of an illegal tax shelter could be penalized for his company’s actions while ruling that a new trial was needed to determine the penalty amount.

  • July 12, 2018

    Feds Say Fox Obtaining FIFA Case Docs Would Imperil Probe

    Federal prosecutors on Thursday urged a Florida federal court not to allow a group of Fox entities to access evidence documents shared with defendants in the FIFA soccer corruption trial that the Fox entities are seeking as part of their defense in a separate civil bribery case, telling the court that would "jeopardize the government's ongoing criminal investigation."

  • July 12, 2018

    NBA's Nets Owner Wants Doping Whistleblower Sanctioned

    Mikhail Prokhorov, the controversial Russian billionaire who owns the Brooklyn Nets basketball team, on Wednesday fired back against a suit that seeks to punish him for financing a lawsuit against doping whistleblower Grigory Rodchenkov, calling the "frivolous" claims "the apex of vexatious litigation" and asking to have them tossed.

  • July 12, 2018

    Ill. Judge Who Dropped Gun In Court Removed From Bench

    Cook County Circuit Court’s executive committee on Wednesday reassigned a judge who dropped his gun in a county courthouse to nonjudicial duties until further notice in light of a criminal charge he faces over the incident.

  • July 12, 2018

    Adviser Accused In $102M Ponzi Case Can Use Some Funds

    An investment adviser whom the U.S. Securities and Exchange Commission has accused of helping perpetrate a $102 million Ponzi scheme can unfreeze some assets belonging to his other businesses, a New York federal judge ruled, but the judge rejected a bid to access funds for attorneys’ fees.

  • July 12, 2018

    Ex-SUNY Prez Guilty Of 'Buffalo Billion' Bid-Rigging

    A Manhattan federal jury on Thursday convicted former State University of New York Polytechnic Institute President Alain Kaloyeros and three real estate and construction businessmen on charges of rigging upwards of $600 million in development projects in Buffalo and Syracuse.

  • July 12, 2018

    London Jury Convicts Ex-Barclays Trader Of Rigging Euribor

    A former Barclays trader has been found guilty of plotting to manipulate a key European interest rate benchmark at a London crown court, it was revealed on Thursday, as the jury was discharged after failing to reach a verdict on three other defendants.

  • July 11, 2018

    Investors Sue Glencore Over FCPA Probe, Stock Drop

    Glencore PLC was hit with a putative stock-drop class action in New York federal court Wednesday, just days after getting hit with a similar suit in New Jersey federal court, from investors seeking to recoup losses following announcements that the United Kingdom and the United States are investigating the Swiss company’s overseas dealings.

  • July 11, 2018

    Cosby Again Can't Slip Model's Libel Suit Over Alleged Rape

    A California judge on Wednesday rejected Bill Cosby’s latest bid to toss Janice Dickinson’s defamation suit against the actor and convicted sex assaulter, tentatively dismissing some of the former supermodel’s claims, but saying the “heart” of her allegation that Cosby falsely painted her rape allegations as lies would move forward.

  • July 11, 2018

    Kavanaugh Splurged On Baseball Tix, Reports Say

    D.C. Circuit Judge Brett Kavanaugh racked up steep credit card debt in 2016 to pay for Washington Nationals tickets, according to Wednesday news reports and disclosures by the U.S. Supreme Court nominee that also show he coaches kids’ basketball and contributed to a law book without pay.

  • July 11, 2018

    Manafort Is ‘VIP,’ Sending Emails From Jail, Feds Say

    President Donald Trump’s former campaign chairman Paul Manafort is being treated like a “VIP” in jail as he awaits trials over alleged financial crimes and foreign lobbying charges, and found a way around the rule barring prisoners from sending emails while incarcerated, prosecutors told a Virginia federal judge Wednesday.

  • July 11, 2018

    4 Kavanaugh Arguments You Gotta Hear

    President Donald Trump's nomination of D.C. Circuit Judge Brett Kavanaugh to a seat on the U.S. Supreme Court has sent everyone scrambling to read what the jurist has written, but how about what he's said? Here, Law360 presents an interactive audio tour of four key Judge Kavanaugh arguments.

  • July 11, 2018

    Gibson Dunn Adds Securities Litigator In Silicon Valley

    Gibson Dunn & Crutcher LLP has snagged a Keker Van Nest & Peters LLP partner with expertise in securities litigation and white collar defense to work in its Silicon Valley office, the firm recently announced.

  • July 11, 2018

    Trump Retools Fraud Task Force To Focus On Consumers

    The Trump administration disbanded an Obama-era financial fraud task force on Wednesday, replacing it with another multiagency group led by the U.S. Department of Justice that targets a broader range of economic crimes — especially fraud on consumers and the government.

Expert Analysis

  • Series

    From Lawmaker To Lawyer: DC Isn't As Bad As You Think

    Norm Coleman

    Popular culture paints the Hill as a place teeming with intrigue, corruption and malicious intent. But in Congress I learned important lessons about respecting people and the work they do, says former Sen. Norm Coleman, R-Minn., of Hogan Lovells.

  • Series

    From Lawmaker To Lawyer: 6 Things I Learned In Congress

    Charles Gonzalez

    I found that senior members of Congress didn’t have time to mentor younger members. Lawyers — though just as busy as members of Congress — cannot afford to follow this model, says former Rep. Charles Gonzalez, D-Texas, of Ogletree Deakins Nash Smoak & Stewart PC.

  • Checkbook IRAs And Digital Assets: A Bet Against The House

    Seth Pierce

    Since a 2014 tax ruling that permits holding digital currency in tax-deferred retirement accounts, investment companies have sprung up encouraging people to roll their traditional retirement investments into cryptocurrencies. But investment vehicles of dubious legality may lead to loss of tax deferral and penalties for early withdrawal, says Seth Pierce at Mitchell Silberberg & Knupp LLC.

  • Opinion

    BigLaw's Associate Salary Model Is A Relic Of A Bygone Era

    William Brewer

    Legal industry compensation practices are once again in the news as BigLaw firms continue to match the new high watermark of $190,000 for first-year associate salaries. The typical model of increasing associate salaries uniformly fails star associates, the firms they work for and, ultimately, the clients they serve, says William Brewer, managing partner of Brewer Attorneys & Counselors.

  • High Court Addresses Reality Of Modern Criminal Sentencing

    Taylor Crabtree

    On Monday, the U.S. Supreme Court issued its opinion in Rosales-Mireles v. United States. Read together with the court’s 2016 decision in Molina-Martinez v. United States, this opinion establishes a presumption that a defendant is entitled to resentencing whenever a district court makes a clear error in calculating a defendant’s U.S. Sentencing Guidelines range, says Taylor Crabtree of Ellis & Winters LLP.

  • #MeToo At Law Firms And What We Can Do About It

    Beth Schroeder.JPG

    While some may say it’s ironic, it’s also embarrassing and enraging that the very industry that offers anti-harassment training, policies and counsel now finds itself the subject of #MeToo headlines. The American Bar Association recommendation that will bring about the greatest change is the call to provide alternative methods for reporting violations, says Beth Schroeder, chair of Raines Feldman LLP's labor and employment group.

  • Knowledge Lawyers Can Help Firms Stay Ahead Of The Curve

    Vanessa Pinto Villa

    In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.

  • Are Whistleblower Appeal Filing Deadlines Jurisdictional?

    Michael DeBlis

    The District of Columbia Circuit Court of Appeals will soon hear argument concerning whether a filing deadline set forth in the Internal Revenue Code can limit the Tax Court's ability to review decisions of the IRS Whistleblower Office. The court's ruling will affect all whistleblower appeals because the D.C. Circuit is the only court where whistleblower cases can be reviewed, says Michael DeBlis of DeBlis Law.

  • An Unprecedented Look Inside The FARA Unit

    Brian Fleming

    For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.

  • Why Lawyers Shouldn't Accept Fees In Cryptocurrency: Part 2

    John Reed Stark

    The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.