White Collar

  • April 20, 2017

    Fla. High Court Signs Off On Felon Voting Rights Initiative

    The Florida Supreme Court on Thursday approved the language of a ballot initiative that would restore voting rights to most felons after sentence completion, paving the way for the proposal to go on the 2018 ballot.

  • April 20, 2017

    'Housewives' Star Slams Atty's Bid To Toss Malpractice Suit

    A onetime incarcerated star of “The Real Housewives of New Jersey” and a bankruptcy trustee on Wednesday slammed her former attorney's bid to dismiss their malpractice action against him in New Jersey state court, saying the motion is part of his “litigation extravaganza” intended to delay the matter.

  • April 20, 2017

    Chicago Trader Admits To Conning Investors Out Of $1.6M

    A 26-year-old who conned investors out of $1.6 million with claims he had developed his own trading algorithms and was reaping huge returns admitted it was all a lie Thursday when he pled guilty to running a small Ponzi scheme with the investors' cash.

  • April 20, 2017

    Schock Moves To Dismiss Entire Fund-Stealing Indictment

    Former U.S. Rep. Aaron Schock asked an Illinois federal court Thursday to dismiss the entirety of the November indictment  that alleged the Peoria, Illinois Republican had stolen over $100,000 in campaign and congressional funds.

  • April 20, 2017

    Treasury Shows Path Off The Sanctions Blacklist

    The U.S. Department of the Treasury office responsible for economic and trade sanctions offered a guide path off the sanctions list for companies and individuals Thursday, arguing that sanctions are meant to change behavior rather than punish it.

  • April 20, 2017

    Broker Must Cough Up Commissions On Ponzi Sales

    A U.S. Securities and Exchange Commission administrative law judge on Wednesday ordered a Florida man to cough up more than half a million dollars he made in commissions while selling securities in a $70 million Ponzi scheme, although the judge wondered whether he could reduce the amount by taxes the man paid.

  • April 20, 2017

    Feds Want 9 Years For Head Of Counterfeit 5-Hour Energy Plot

    A wholesale distribution company owner who pled guilty to running a scheme to sell counterfeit 5-Hour Energy drinks should serve nine years in prison and pay more than half a million dollars in restitution to the drink’s maker, Innovation Ventures LLC, California federal prosecutors said Wednesday.

  • April 20, 2017

    Soccer Federation Sues Ex-Officials For Bribes, Kickbacks

    The Confederation of North, Central American and Caribbean Association Football has launched a lawsuit in New York federal court against a pair of former executives caught up in the FIFA corruption scandal, saying the men used their positions of power to accept numerous bribes and kickbacks and spent the soccer governing body’s funds on personal expenses.

  • April 20, 2017

    Tenn. Senate Panel OKs Bill Banning Abortions After 20 Weeks

    A Tennessee Senate committee on Wednesday advanced a bill that would ban abortions at or after 20 weeks of gestation unless the health of the mother is at risk, a party-line vote that sends the proposal to the full state Senate for a vote.

  • April 20, 2017

    NY Man Accused Of Being A Fake Architect, Yada, Yada, Yada

    New York’s top law enforcement on Thursday unsealed three separate indictments against an upstate New York man who allegedly passed himself off as an architect despite not having the credentials since 2010, bringing to a close “Operation Vandelay Industries” in the state's first "Seinfeld"-themed criminal case. 

  • April 19, 2017

    Galleon Founder Took Millions Amid Firm Turmoil, Suit Says

    Galleon Group LLC founder Raj Rajaratnam paid himself around $131 million from one of his company's units while he faced the insider trading charges for which he's now serving prison time, according to an adversary proceeding in a liquidation suit in New York bankruptcy court on Tuesday.

  • April 19, 2017

    Disability Center's Ex-CEO Guilty Of Diverting Client Funds

    The former chief executive of a Florida organization that operated programs for the developmentally disabled was convicted by a Tampa federal jury Wednesday of scheming to divert clients' Social Security benefits.

  • April 19, 2017

    Pfizer Hit With DOJ Subpoena Over Saline Shortages

    Pfizer confirmed Wednesday that it had received grand jury subpoenas from the antitrust division of the U.S. Department of Justice as part of an investigation into shortages of saline solutions, a probe that also appears to have targeted the new owner of Pfizer’s former intravenous unit.

  • April 19, 2017

    Sessions Starts New Group To Back Tribal Law Enforcement

    Attorney General Jeff Sessions introduced three U.S. Department of Justice actions on Tuesday to boost tribal law enforcement and public safety, including the creation of a new interagency group to better respond to violent crime in Indian Country.

  • April 19, 2017

    Informant In Schock Case Broke No Laws, Prosecutors Say

    The federal government denied any wrongdoing in its use of a criminal informant in its investigation of former U.S. Rep. Aaron Schock, R-Ill., downplaying the results from the office manager-turned informant in a filing late Tuesday night in Illinois federal court.

  • April 19, 2017

    Jury Finds SEO-Extortion Convict Guilty Of Retaliation

    A Texas federal jury on Tuesday found a self-described "black hat search engine optimizer" guilty of retaliating against a Dallas-based mergers & acquisitions advisory firm by posting negative online reviews, after he had been sentenced to federal prison last year for extorting money from the firm by threatening to post them.

  • April 19, 2017

    Jewelry CEO Charged With Forging Judge's Signature, Orders

    The head of a Manhattan sapphire jewelry company has been charged with forging court orders and a federal judge’s signature in order to get Google to de-index negative links from company-related search results, according to a criminal complaint unsealed in Manhattan federal court Tuesday.

  • April 19, 2017

    Another Defendant Cops To Role In $200M Credit Card Scam

    New Jersey federal prosecutors said Tuesday that a man arrested earlier this year for his role in a global credit card fraud scheme that cost banks and businesses more than $200 million has pled guilty to bank fraud conspiracy, becoming the 20th defendant to strike a deal in the matter.

  • April 19, 2017

    Payouts, Protections Needed To Lure Antitrust Tipsters

    As companies grow weary of the time and expense required to report anti-competitive behavior in their industry, competition authorities worldwide are expressing interest in enticing individual whistleblowers, but programs currently lack the incentives and legal protections that have attracted tipsters in other areas, experts say.

  • April 19, 2017

    7th Circ. Skeptical Of 'Little Madoff' Try For Resentencing

    Seventh Circuit Judge Richard Posner made it clear Wednesday he will vote against giving a former Illinois investment adviser convicted of running a Ponzi scheme a chance at a new sentence, calling the adviser a “little Madoff” who deserves the six years he got.

Expert Analysis

  • Google, NASA, Planes And A Stronger Legal Team

    Nicholas Cheolas

    Why did minor mechanical issues bring down two airplanes, while a catastrophic engine explosion did not bring down a third? The answers lie, in part, in research conducted by NASA in the wake of those crashes and, more recently, by Google. And those answers can help organizations build better teams to meet today’s legal industry challenges, says Nicholas Cheolas of Zelle LLP.

  • 10 Tips For Better Legal Negotiations

    Marc J. Siegel

    Like everything else, the art of negotiation starts by having a conversation. It’s about being respectful, finding common ground, knowing what you want and, most importantly, listening. A conversation between two lawyers can be complicated at best, but by employing a few techniques and tactics, it doesn’t have to be that way, says Marc Siegel of Siegel & Dolan Ltd.

  • Monthly Column

    Gray Matters: Decision Error

    Gray Matters

    Lawyers make hundreds of decisions during the course of advising a client, consummating a transaction or litigating a case. In this new column, dispute resolution experts Bob Creo and Selina Shultz explore the theory, science and practical aspects of how decisions are made in the legal community.

  • Law Schools And Law Firms: Seeking Common Ground

    Randy Gordon

    What we don’t know is whether the teaching and practice of law are undergoing massive structural changes or we’re still digging out from the worst economic collapse since the Depression. But what we do know is that the missions of the most forward-looking law schools and law firms are converging in ways that were unimaginable 10 years ago, says Randy Gordon, a partner at Gardere Wynne Sewell LLP and executive professor of law at Te... (continued)

  • D&O Insurance And The Conduct Exclusion

    Kevin M. LaCroix

    Most directors and officers insurance policies have conduct exclusions precluding coverage for fraudulent, criminal or willful misconduct, but mere allegations are insufficient to trigger this exclusion. A California state appeals court's recent decision in Heart Tronics v. Axis Insurance provides interesting insight into the operation of such an exclusion, says Kevin LaCroix of RT ProExec.

  • Not From Around Here? Trying A Case As An Out-Of-Towner

    William Oxley

    The importance of authenticity is magnified when trying a case outside your home jurisdiction. While using references to local landmarks or history can help make arguments relatable, adopting local expressions or style in an attempt to ingratiate oneself with the judge and jury almost always backfires, say William Oxley and Meghan Rohling Kelly of Dechert LLP.

  • DOJ Brief Opposing CFPB Brings More Uncertainty

    Ashley Taylor

    What will be most disappointing to Republicans and President Trump, and which is entirely possible given the issues the D.C. Circuit requested to be briefed, is an outcome which avoids the constitutional issues raised in PHH Corp. v. Consumer Financial Protection Bureau and decides the case on the basis of the statutory provisions of the Real Estate Settlement Procedures Act, say attorneys at Troutman Sanders LLP.

  • Challenging The Internal Revenue Code’s Omnibus Clause

    Joseph Martini

    A recent dissent by two judges on the Second Circuit in United States v. Marinello could lead to U.S. Supreme Court scrutiny of the Internal Revenue Code's omnibus clause, which makes it a felony to violate any provision of the code. The time may be right for the high court to tackle this issue, say Joseph Martini and Judd Lindenfeld of Wiggin and Dana LLP.

  • Cybersecurity In NY: An Update For Criminal Defense Lawyers

    Charles A. Ross

    Recent New York court decisions on cybercrime involve conduct that likely would be reportable under the newly enacted cybersecurity requirements for financial services companies, says criminal defense lawyer Charles Ross.

  • Attorneys And Firms, Beware The IRS' 2017 Dirty Dozen

    Michael White

    The IRS has released its 2017 Dirty Dozen list, highlighting the most common tax scams and abuses that the agency seeks to prevent and prosecute this year. The identified items can pose risks to attorneys, financial advisers and their clients at any time of year but peak during tax filing season, say Michael White and Eddie Geraghty of M. White & Associates LLC.