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White Collar

  • June 13, 2018

    Michael Cohen Splits With McDermott Legal Team

    Michael Cohen, personal attorney and self-described “fixer” for President Donald Trump, is in need of a new legal team as he splits with McDermott Will & Emery LLP, according to media reports Wednesday.

  • June 13, 2018

    Ex-NJ Lab Prez, Brother Get Prison In $100M Bribery Scheme

    The former president of a blood testing lab and his brother were slammed with prison sentences Wednesday in New Jersey federal court for their roles in a bribery scheme that garnered more than $100 million in Medicare and private insurance dollars for the now-defunct company.

  • June 13, 2018

    Calif. Couple Cops To Illegally Exporting Rifle Parts To Russia

    A California couple has admitted to illegally exporting night vision rifle scope components and thermal devices to Russia, the U.S. Department of Justice announced Tuesday.

  • June 13, 2018

    Madoff Trustee Recovers $280M In Ezra Merkin Settlement

    The trustee for Bernie Madoff's defunct investment firm Wednesday asked a New York bankruptcy court to approve a $280 million settlement of his claims that disgraced financier J. Ezra Merkin received fraudulent transfers from Madoff’s fund.

  • June 13, 2018

    5th Circ. Rejects Pill Mill Doc's Challenge To 5-Year Sentence

    A Fifth Circuit panel has upheld the five-year prison sentence given to a Houston doctor who was convicted on 19 counts related to running a pill mill that handed out more than 11,000 prescriptions for oxycodone over a seven-year period, rejecting his arguments that there were a lack of evidence and other flaws in the prosecution’s case. 

  • June 13, 2018

    2nd Circ. Revives Bid For Seized Funds By Tax Atty's Wife

    A Second Circuit panel on Wednesday vacated a district court's finding that allowed the federal government to seize funds an attorney who helped set up illegal tax shelters gave to his wife, writing that denying her chance to assert an argument would amount to a government seizure of property without due process.

  • June 13, 2018

    Hidden-Fee Scheme Cost UK Pension Plan $3M, Jury Hears

    A hidden-fee scheme federal prosecutors say was orchestrated by a former State Street Corp. executive cost the United Kingdom’s Royal Mail Pension plan 10 times more than it had expected to pay for a massive transaction, a Massachusetts jury heard Wednesday morning.

  • June 13, 2018

    3rd Circ. Denies Sanctions Rehearing Bid By Jailed Atty

    The Third Circuit on Wednesday declined to rehear a bid by a jailed Pennsylvania attorney, also a certified accountant, to overturn sanctions imposed over his failure to return $1.68 million he transferred out of retirement funds he managed to an account in the Caribbean.

  • June 13, 2018

    Consulting Co. Exec Convicted In 401(k) Embezzlement Case

    A federal jury on Tuesday convicted the former CEO of an Ohio tech consulting business on most of the charges contained in a December indictment that alleged he embezzled money from a 401(k) and profit-sharing plan and also didn’t pay the IRS thousands in taxes collected from workers, court records show.

  • June 13, 2018

    Immigration Atty Urges Court To Rethink DQ In EB-5 Suit

    A Chicago-based immigration attorney accused by the U.S. Securities and Exchange Commission of pocketing money from foreign investors seeking EB-5 visas urged an Illinois federal court Tuesday to rethink a decision barring him from representing several supplemental defendants in the case, rebutting contentions that there is a conflict of interest.

  • June 13, 2018

    Corrupt Ex-NYPD Deputy Chief Ducks Prison After Guilty Plea

    Michael Harrington, a former deputy chief with the New York Police Department who avoided trial on fraud and bribery charges by copping to a count of misusing government resources, avoided prison Wednesday when a Manhattan federal judge sentenced him to two years of probation.

  • June 13, 2018

    At SFO Trial Defense Claims Euribor Rig Was Honest Mistake

    A former Barclays PLC trader accused of illegally manipulating a key interest rate benchmark made an honest mistake when he asked colleagues to submit rates that would benefit the bank, his lawyer told a jury at a London crown court during closing arguments Wednesday.

  • June 12, 2018

    Boies Schiller Atty Sues FBI, DOJ Over McCabe Doc Requests

    One of Andrew McCabe’s attorneys at Boies Schiller Flexner LLP on Tuesday sued the FBI and the U.S. Department of Justice for allegedly holding out on a Freedom of Information Act request the lawyer says is essential for protecting and advancing the fired FBI deputy director’s legal interests.

  • June 12, 2018

    DOJ Charges 8 With Flouting Syria Fuel Sale Sanctions

    The U.S. Department of Justice announced Tuesday that it has charged eight foreign businessmen with conspiring to launder money and flout U.S. economic sanctions against Syria and Crimea by sending jet fuel to Syria via a Russian shipping company and freight forwarder.

  • June 12, 2018

    Ex-Morgan Stanley VP Traded On Hacked Co. Info, Jury Told

    A Brooklyn federal jury on Tuesday heard of how a former Morgan Stanley vice president and an ex-broker were allegedly part of a $30 million insider trading scheme that utilized hacked corporate press releases to trade ahead of earnings announcements and other company news, as an expected month-long trial kicked off.

  • June 12, 2018

    Disastrous Fyre Fest Organizer Nabbed In New Ticket Fraud

    The 26-year-old entrepreneur who pled guilty to fraud earlier this year after his plans for a music festival in the Bahamas left would-be concertgoers stranded and investors fuming was charged on Tuesday with running another event-ticket fraud scheme while on pretrial release.

  • June 12, 2018

    No Bail For Atty Accused Of Lengthy Cyberstalking Campaign

    A lawyer charged with a multiyear campaign of making threats against a woman he briefly dated was denied bail Tuesday by a Manhattan federal judge, who saw a mix of circumstances that created a "serious risk" that the suspect might harm or threaten the woman if released.

  • June 12, 2018

    Feds Say Intent A Non-Issue In South Korean Bribe Case

    Prosecutors are seeking to shut down an appeal by a Korean earthquake researcher convicted of laundering bribes, telling the Ninth Circuit on Monday that the South Korean law he violated does not focus on a bribe-taker's intent in the same way U.S. laws do.

  • June 12, 2018

    Payday Loan Scammer Gets 10 Years For $220M Scheme

    A Manhattan federal judge sentenced a convicted loan shark to 10 years in prison Tuesday for a decadelong payday lending scam, rejecting the 73-year-old defendant’s effort to blame the brother of a fellow convict for convincing him to set up the businesses.

  • June 12, 2018

    Pharma CEO Cops To $2M Drug Investment Fraud

    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.

Expert Analysis

  • How Tax Authorities Are Responding To Cryptocurrency

    Mark Rush

    The features that make cryptocurrencies attractive to their users — relative anonymity and mobility — have created heightened concerns among tax agencies in the U.S. and abroad. Providers of financial services to cryptocurrency holders should take steps to ensure that they are not enabling tax evasion, say members of K&L Gates LLP and Navigant Consulting Inc.

  • Mitigating Juror Distrust Of Business

    Johanna Carrane

    Our research shows that 55 percent of jurors agree that executives will lie to help their companies. Similarly, half of jurors believe that companies will lie to win a lawsuit. While polling data does not bring a lot of comfort, there are well-established strategies for mitigating juror bias against companies, large or small, say Johanna Carrane and Lynn Fahey of JuryScope Inc.

  • The Fastest Federal Civil Court For A Decade

    Bob Tata

    Out of 94 district courts nationwide, the Eastern District of Virginia has the fastest civil trial docket in the country, now for at least the 10th straight year. The modern EDVA bench clearly takes pride in efficiently dispensing justice, and this dedication to efficiency has continued even in the face of increased filings, says Bob Tata of Hunton Andrews Kurth LLP.

  • Reining In Abusive Alien Tort Statute Cases

    Perlette Jura

    The most obvious takeaway from the U.S. Supreme Court's decision in Jesner v. Arab Bank is that non-U.S. corporations no longer need to fear Alien Tort Statute liability. But tucked within the decision’s holding and its various concurring opinions are other key points, say attorneys with Gibson Dunn & Crutcher LLP.

  • How Lagos Might Affect Internal Investigations

    Joon Kim

    If the U.S. Supreme Court holds in Lagos v. United States that companies are able to seek restitution from criminal defendants when they are the victim of an offense, it will create another incentive to conduct internal investigations into misconduct within or against a corporation, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • Cosby’s Conviction And How #MeToo Is Affecting Legal Cases

    Ross Kramer

    Bill Cosby’s sexual assault conviction on Thursday demonstrates how the #MeToo movement is having a profound impact on the legal landscape. The stark contrast between Cosby's first trial in June 2017 and his retrial in April 2018 is a perfect case in point, say Ross Kramer and Suzanne Jaffe Bloom of Winston & Strawn LLP.

  • Comparing Corp. Criminal Liability In US, UK, France: Part 2

    Mark Srere

    This article, the second in a series about corporate compliance from attorneys from Bryan Cave Leighton Paisner LLP, considers deferred prosecution agreements and other enforcement tools of prosecutors in the U.S., U.K. and France.

  • Crypto Set To Drive Demand For Traditional Services: Part 2

    Izzy Nelken

    There is speculation that smart contracts may enable technology to replace the practice of law. However, disputes will almost certainly arise as a result of the innate characteristics of smart contracts, requiring seasoned legal representation, say Collin Starkweather, a principal at Charles River Associates, and Izzy Nelken, a member of the Chicago Board Options Exchange's product development committee.

  • Comparing Corp. Criminal Liability In US, UK, France: Part 1

    Mark Srere

    The first article in a two-part series by attorneys from Bryan Cave Leighton Paisner LLP considers the current position on corporate criminal liability in the U.S., U.K. and France.

  • Crypto Set To Drive Demand For Traditional Services: Part 1

    Collin Starkweather

    The widespread adoption and increasing regulation of virtual currencies and related technologies will give rise to the need for individuals with expertise in traditional fields, such as financial services and tax, say Collin Starkweather, a principal at Charles River Associates, and Izzy Nelken, a member of the Chicago Board Options Exchange's product development committee.