White Collar

  • October 10, 2017

    Mass. AG Runs Point As Top Trump Critic

    A hotbed of the opposition to President Donald Trump’s administration is here in a corner office on the 20th floor of Ashburton Plaza in Boston, surrounded by dazzling views of the Charles River and a basketball signed by Celtics legend Bob Cousy.

  • October 10, 2017

    Justices Deny Ex-Stanford Advisers' Arbitration Appeal

    The Supreme Court on Tuesday denied a petition from former financial advisers seeking to force arbitration from an alleged $7 billion Ponzi scheme run by R. Allen Stanford, turning down their bid to force arbitration with the funds receiver over $215 million.

  • October 10, 2017

    High Court Won't Review 9th Circ. Password Sharing Case

    The U.S. Supreme Court on Tuesday declined to review the Computer Fraud and Abuse Act conviction of a former recruiting firm executive who used an ex-colleague’s password to steal trade secrets.

  • October 10, 2017

    No-Show Suspended Atty Ordered To Pay $350K In SEC Case

    A noted patent lawyer from Texas who was accused by the U.S. Securities and Exchange Commission of scheming to steal from small business escrow accounts was ordered to pay $350,000 by a New York federal judge on Friday after he failed to contest the government’s claims.

  • October 10, 2017

    Wilmington Trust Pays $44M To Settle Securities Case

    Wilmington Trust Corp. agreed to settle a more than two-year federal criminal securities fraud prosecution Tuesday, accepting a $44 million civil fine in Delaware federal court shortly before the start of a jury trial on claims that the bank concealed hundreds of millions in bad commercial loans in 2009 and 2010.

  • October 10, 2017

    Supreme Court Rejects Convicted Ex-Massey CEO's Appeal

    The U.S. Supreme Court on Tuesday declined to hear former Massey Energy Co. CEO Don Blankenship's appeal of his conviction for conspiring to violate mine safety standards before a deadly explosion.

  • October 10, 2017

    Russia Fights US Bid For Bitcoin Fraud Suspect

    Russia has said that it will challenge a Greek court’s decision to extradite to the U.S. a suspected Russian money launderer accused of handling billions of dollars in illegal payments, arguing that the ruling is a violation of international law.

  • October 10, 2017

    Ex-Dewey CFO Dodges Prison Time For Fraud Scheme

    Former Dewey & LeBoeuf LLP Chief Financial Officer Joel Sanders on Tuesday was sentenced to community service and ordered to pay a $1 million fine following his conviction on fraud and conspiracy charges for what prosecutors say was a scheme to con the firm's financial backers before the firm collapsed.

  • October 6, 2017

    HSBC FX Exec Said 'I Think We Got Away With It,' Jury Hears

    Jurors in the trial of former HSBC foreign currency exchange executive Mark Johnson on Friday heard nearly 20 recorded phone calls surrounding a $3.5 billion forex deal that prosecutors say defrauded oil and gas developer Cairn Energy PLC, with Johnson saying at one point, “I think we got away with it.”

  • October 6, 2017

    PacWest Pays $1.75M Over Campaign-Treasurer Theft Claims

    Pacific Western Bank has paid $1.75 million to resolve federal allegations that a bank it acquired had facilitated an embezzlement scheme by a Democratic operative a prosecutor once described as "the Bernie Madoff of campaign treasurers."

  • October 6, 2017

    Ex-Autonomy CFO Bids To Ditch Fraud Charges Over HP Deal

    Autonomy Corp.’s former chief financial officer asked a California federal judge Friday to dismiss criminal charges that he misrepresented the British software company's worth when Hewlett-Packard Co. acquired it for $11 billion, saying federal securities and wire fraud charges couldn’t apply to his conduct in the United Kingdom.

  • October 6, 2017

    Judge Unlikely To Dismiss Ex-Katten Atty Conspiracy Count

    A New York federal judge on Friday said she was not inclined to dismiss a conspiracy count against a former Katten Muchin Rosenman LLP attorney despite the fact Martin Shkreli, the leader of the alleged conspiracy, was acquitted on that charge.

  • October 6, 2017

    Convicted Ex-SAC Manager Asks Full 2nd Circ. For Rehearing

    Former SAC Capital insider trader Mathew Martoma urged the full Second Circuit on Friday to rehear his appeal after a split appeals court panel upheld his conviction for insider trading, arguing that the panel overruled its own precedent and replaced it with a test that dramatically departs from Supreme Court rulings.

  • October 6, 2017

    SEC Says Atlanta Atty Participated In $30M Ponzi Scheme

    An Atlanta attorney was an “active participant” in a Ponzi scheme that raised at least $30 million from more than a hundred investors, according to a suit filed in Georgia federal court by the U.S. Securities and Exchange Commission.

  • October 6, 2017

    Wilmington Trust Judge Rejects Bank Doc Tiff Trial Delay

    A federal judge in Delaware on Friday rejected Wilmington Trust Corp’s call to postpone Tuesday’s scheduled start of the bank’s criminal securities fraud trial due to undelivered Federal Reserve Board documents, saying the court and parties can work around delayed receipt.

  • October 6, 2017

    Greenberg Traurig's $9.8M Malpractice Suit Settlement OK'd

    A federal bankruptcy judge in Arizona signed off Thursday on Greenberg Traurig LLP’s $9.75 million settlement to resolve malpractice claims over its work done a decade ago for defunct loan originator and Ponzi scheme vehicle Mortgages Ltd., saying the agreement “reflects a reasonable and fair compromise.”

  • October 6, 2017

    Pharma Employee Admits To Health Care Benefits Fraud

    A pharmaceutical sales representative pled guilty Friday in New Jersey federal court to cheating the state health benefits program out of more than $700,000 through a scheme to submit claims for medically unnecessary prescriptions, making him the 10th person of the alleged conspiracy to plead out this year.

  • October 6, 2017

    Pharmacist In Meningitis Trial Ignored Drug Recipe, Jury Told

    A former Massachusetts pharmacist failed to follow a recipe for sterile drugs he made in 2012 that infected hundreds of people with fungal meningitis, and then gave conflicting and unfounded answers about his procedures, a federal investigator said Friday at the pharmacist’s second-degree murder trial.

  • October 6, 2017

    California Man Sentenced For Selling Counterfeit Air Bags

    A California man on Thursday was sentenced to a year and a day in prison, after pleading guilty to selling counterfeit Honda, Fiat Chrysler, Nissan, Toyota, GMC, Ford and other automakers’ air bags on eBay and other internet sales sites, the U.S. Department of Justice said.

  • October 6, 2017

    Psychic Cops To Hiding $3.5M In Exorcism Income From IRS

    A Florida woman who claimed to be a psychic pled guilty Thursday to hiding more than $3.5 million that she earned performing exorcisms on an elderly woman seeking to rid herself of demons, the U.S. Attorney’s Office for the District of Massachusetts announced.

Expert Analysis

  • Self-Collection In E-Discovery — Risks Vs. Rewards

    Alex Khoury

    As judges become better educated about the complexities of collecting electronically stored information, in particular the inefficacy of keyword searching, they are increasingly skeptical of self-collection. And yet, for many good reasons (and a few bad ones), custodian self-collection is still prevalent in cases of all sizes and in all jurisdictions, says Alex Khoury of Balch & Bingham LLP.

  • 2nd Circ. Has New Test For Determining 'Personal Benefit'

    Geoffrey Chepiga

    The Second Circuit in U.S. v. Martoma altered the standard for determining whether the “personal benefit” element of insider trading has been satisfied. If the decision survives a potential en banc review, it will be up to the lower courts to ensure the test has real teeth, say attorneys with Paul Weiss Rifkind Wharton & Garrison LLP.

  • 6 Common Lateral Partner Myths Debunked

    Dan Hatch

    It’s safe to say that while demand ebbs and flows for legal services, there will never be a shortage of opinions about lateral partner hiring, which is positive for the industry, as anything with such vital importance to careers should attract significant attention. However, there is a unique mythology that travels with the discussions, says Dan Hatch of Major Lindsey & Africa.

  • 4 Ways Law Firms Can Help Battle Addiction

    Link Christin

    With more than a third of lawyers showing signs of problem drinking, and untold others abusing prescription drugs and other substances, it is time for law firms to be more proactive in addressing this issue, says Link Christin, executive director of the Legal Professionals Program at Caron Treatment Centers.

  • Sorting Out Teamsters Acquittal In ‘Top Chef’ Case

    Michael Abcarian

    A federal jury recently acquitted four Teamsters on charges of criminally threatening the host of the popular cooking competition show “Top Chef." Michael Abcarian of Fisher Phillips examines how the dispute escalated into a criminal extortion prosecution and where the line is drawn between criminality and lawful conduct when union members threaten an employer who uses nonunion workers.

  • Real Estate Industry In Anti-Money Laundering Crosshairs

    Kevin Shepherd

    An advisory issued this week by the Financial Crimes Enforcement Network offers glimpses into FinCEN’s strategy to combat money laundering in the residential real estate sector — a strategy that may have significant adverse implications for U.S. real estate lawyers, says Kevin Shepherd of Venable LLP.

  • A Law Firm Guide To Helping Victims Of Human Trafficking

    Sarah Dohoney Byrne

    Unlike victims of many crimes, human trafficking survivors often have complicated legal problems related to the experience of being trafficked — everything from criminal records to custody disputes to immigration obstacles. Many law firms already provide assistance in these areas and can easily transition resources and expertise, says Sarah Dohoney Byrne of Moore & Van Allen PLLC.

  • Diversity In The Legal Profession — A Stubborn Vision

    Robert Grey

    At the Leadership Council on Legal Diversity, we want to see, as founding member and Microsoft chief legal officer Brad Smith once stated, “a legal profession as diverse as the nation we serve.” We are not there yet — far from it — but we are beginning to put some numbers on the board, says Robert Grey, president of the Leadership Council on Legal Diversity.

  • Opinion

    New Salary History Laws Crimp Attorney Hiring Process

    Fredric Newman

    In prohibiting employers from asking potential hires about their previous salaries, lawmakers seek to "level the playing field." But there are real problems with the practicality, legality and enforceability of many of the salary history laws, says Fredric Newman, a founding partner of Hoguet Newman Regal & Kenney LLP.

  • Calif. High Court Raises Conflict Issues For Public Entities

    Gregory Rolen

    The California Supreme Court recently held that independent contractors who have been entrusted with entering into transactions on a public entity’s behalf can be held criminally responsible for a conflict of interest. We should have seen this coming and been better prepared, says Gregory Rolen of Haight Brown & Bonesteel LLP.