A Manhattan federal judge on Thursday sentenced former finance executive Randy Wang to 18 months in prison for using the corporate credit card of his former employer, OneWorld Management Co., to go on a $2.3 million electronics shopping spree, hiding the purchases and reselling the goods for cash.
Ogletree's Evan Moses uses unconventional strategies to boost the firepower of his class action practice, including a homegrown Monte Carlo algorithm, earning him a spot on our 2018 list of Data-Driven Lawyers.
A London judge instructed jurors on Thursday to acquit two former Tesco executives accused of fraud and false accounting in a scandal that wiped nearly £2 billion ($2.6 billion) off the supermarket chain’s value, dealing a blow to the Serious Fraud Office’s prosecution.
The chief financial officer of Chinese telecommunications giant Huawei Technologies is in Canadian custody at the request of the United States, Canadian authorities said Wednesday.
Three defendants connected with the alleged mastermind of a global pump-and-dump scheme are expected to plead guilty in Boston federal court to conspiring to commit securities fraud, according to plea agreements that have been filed.
Greenberg Traurig LLP told a Texas federal judge on Tuesday that recent precedent from the Fifth Circuit dooms a claim that it actively participated in convicted Ponzi schemer R. Allen Stanford’s plan to dupe investors out of billions of dollars.
A Georgia federal judge has said the insider trading case against a former Equifax executive should go forward, but said prosecutors will have to show that he "used" inside information about a data breach at the consumer credit bureau when he cashed in stock options.
The U.S. Supreme Court has probed the federal government, the state of Oklahoma and the Muscogee (Creek) Nation on how much the tribe’s jurisdiction might expand if its historical reservation still exists, and worries that disruption in a huge part of Oklahoma could spur a ruling that hems in tribes’ criminal and civil authority over non-Indians, experts say.
A Florida tech expert and a New Jersey pastor urged the Second Circuit on Wednesday to reverse their convictions over a purported scheme to co-opt a small credit union into facilitating unlawful bitcoin transactions, citing errors with key witnesses.
Under the weight of budget cuts and decreasing staff, the Internal Revenue Service may be finding its salve in artificial intelligence technology to detect criminal tax activities more efficiently.
A former real estate developer urged a New Jersey federal judge Wednesday to terminate his supervised release following his prison stint for diverting money from an affordable housing project for personal and other unauthorized purposes, saying he lives “a simple, law-abiding life” and such supervision is no longer necessary.
Brazil’s state-owned energy giant Petrobras asked the U.S. Supreme Court on Monday to reverse the D.C. Circuit’s ruling that it cannot claim sovereign immunity in fending off claims from funds managed by EIG Global Energy Partners LLC that it is responsible for losses from a failed drilling venture.
Once again, the Senate Judiciary Committee has canceled a Thursday meeting and delayed votes on Third, Fourth, Sixth and Ninth Circuit judicial nominees as a standoff with Sen. Jeff Flake, R-Ariz., over an unrelated bill to protect the Mueller investigation continues.
A Colombian man was sentenced to 15 years in prison by a Florida federal court for his role in purporting to smuggle three Cubans into the United States, leading to the rape and death of one of the individuals and the death of a second, prosecutors announced Tuesday.
Two Iranian men who were indicted last week in New Jersey for an international scheme that involved using malware to extort hospitals, cities and public institutions are now facing charges in Georgia over the damage they did in Atlanta, the U.S. Department of Justice said Wednesday.
The Confederation of North, Central American and Caribbean Association Football has asked a New York federal judge to reconsider an order denying it restitution from former soccer officials convicted in the sprawling FIFA corruption scandal.
The world's largest medical device maker, Medtronic PLC, will pay $50.9 million to settle kickbacks and other claims against two companies it owns, including nearly $18 million related to the allegedly reckless marketing of a product designed to treat brain defects, according to the U.S. Department of Justice and a statement from the company.
A Manhattan federal jury quickly convicted Hong Kong-based nonprofit boss Chi Ping Patrick Ho Wednesday of bribing officials in Chad and Uganda to assist Shanghai-based conglomerate CEFC China Energy Co. Ltd. in its efforts to win Africa energy- and banking-sector deals.
Kilpatrick Townsend’s Kate Gaudry has used data analytics to supercharge her patent prosecution practice, uncover winning strategies for portfolio management and expose a secretive U.S. Patent and Trademark Office program, earning her a spot on our 2018 list of Data-Driven Lawyers.
Former national security adviser Michael Flynn, who pled guilty to lying to the FBI about his conversations with Russia's ambassador, provided "firsthand information" about the contact between President Donald Trump's team and Russian officials and should be sentenced leniently, special counsel Robert Mueller said Tuesday.
The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.
Escaping sentencing enhancements is highly unlikely, and the defendant convicted of bank fraud in U.S. v. Miller is no exception. But the Fifth Circuit’s opinion clarifies some legal standards and provides insight into the application of these enhancements, says Mario Nguyen of Locke Lord LLP.
Experienced practitioners are well-aware of the dangers of having a one-size-fits-all Foreign Corrupt Practices Act compliance policy that is oblivious to the realities of the company’s risk profile and business activities. Attorneys with Cadwalader Wickersham & Taft LLP offer tips on when to be flexible and when to stand your ground.
New guidelines from the International Forum on Business Ethical Conduct establish general principles for aerospace and defense companies on acceptable practices related to providing business courtesies and hospitalities. In our experience, companies fall into three broad groups on this issue, say Howard Weissman and Lina Braude of Baker McKenzie.
Empowered by the latest malware and online intrusion weaponry, cyberattackers engaging in outsider trading schemes pose a serious threat to the integrity of the global financial marketplace. The U.S. Securities and Exchange Commission has the expertise, experience and wherewithal to deter this rising menace, says John Reed Stark of John Reed Stark Consulting LLC.
By 2030, it is possible that 75 percent of lawyers practicing in the U.S. will be millennials. A broadened focus on retention and advancement of all young lawyers is therefore a logical step forward but it fails to address another major retention issue that law firms should explore, says Susan Smith Blakely of LegalPerspectives LLC.
Former U.S. Attorney for the District of Idaho Wendy Olson discusses her decades of experience prosecuting white collar crimes and civil rights violations, her work and challenges as U.S. attorney, and her move to private practice.
Commentators have hailed a new U.S. Department of Justice policy as signaling a softening in the Criminal Division's use of corporate monitors. But it is worth noting what the Benczkowski memo does not change, say former Assistant U.S. Attorney General Leslie Caldwell and Christopher Ting of Latham & Watkins LLP.
When the U.S. Securities and Exchange Commission sheepishly announced last year that stolen EDGAR information may have been used in a securities fraud scheme, the commission learned firsthand that outsider trading should be a top enforcement priority. Unfortunately, the SEC appears to have ignored that powerful lesson, says John Reed Stark of John Reed Stark Consulting LLC.
Anthony Thompson’s "Dangerous Leaders: How and Why Lawyers Must Be Taught to Lead" explores the conflict many lawyers face when charged with the responsibility of leadership. The book is an excellent read for all lawyers, says U.S. District Chief Judge Nannette Jolivette Brown of the Eastern District of Louisiana.