White Collar

  • February 13, 2017

    Va. Atty Convicted Of Bilking $1.32M From Contractor

    A Virginia attorney has been convicted of swindling more than a million dollars from a Kentucky construction company in connection with a promised project to build a “green recycling center” that never materialized, the Department of Justice announced Friday.

  • February 13, 2017

    ADT Insider Trader Must Pay Enhanced $2.8M Forfeiture

    Convicted former investment analyst John Afriyie must pay an almost $2.8 million judgment over his insider trading, more than a jury had earmarked and much more than the $1.5 million he netted on ADT Corp.'s go-private deal, according to an order filed in New York federal court Friday.

  • February 10, 2017

    Ex-Jefferies Trader Seeks Acquittal On Sole Guilty Count

    Former Jefferies & Co. trader Jesse Litvak urged a Connecticut federal judge on Friday to acquit him on the one count of securities fraud for which he was convicted by a jury last month, arguing the government’s win was rooted to a “flimsy reed” of evidence.

  • February 10, 2017

    Regeneron Subpoenaed Over Patient Assistance Nonprofits

    The U.S. Department of Justice has subpoenaed documents from Regeneron regarding nonprofit patient assistance programs, the company revealed in a U.S. Securities and Exchange Commission filing Thursday, an area where other drug companies have seen similar probes.

  • February 10, 2017

    Stay Of Embezzlement Suit Mulled As Criminal Case Proceeds

    The Paskenta Band of Nomlaki Indians and a handful of entities it targeted in a massive lawsuit accusing former tribal officials of a wide-reaching embezzlement scheme argued Thursday against the ex-officials’ bid to completely pause the suit while related criminal charges against some of them are resolved.

  • February 10, 2017

    Swiss Engineering Co. Admits Improper Unaoil Payments

    Swiss engineering company ABB has said that it self-reported allegedly improper payments made as part of its dealings with services company Unaoil to authorities in the U.S. and the United Kingdom, becoming the latest company entangled in wide bribery investigations related to the Monaco firm.

  • February 10, 2017

    Biz Prof Gets 7-Month Prison Stretch For $220M Tax Scheme

    A University of Rochester emeritus professor on Friday was sentenced in Virginia federal court to seven months in prison for a tax evasion scheme relying on secret overseas accounts to conceal $220 million in assets from the Internal Revenue Service.

  • February 10, 2017

    Ex-DEA Tech Ducks Prison For Running Strip Club On The Sly

    A Manhattan federal judge sentenced a former Drug Enforcement Administration technical expert to probation on Friday and hit him with a $5,000 fine for failing to disclose his affiliation with a New Jersey strip club.

  • February 10, 2017

    Dastime Can Likely Arbitrate Claims Over Bogus Testimony

    A California federal judge seemed poised Friday to grant Dastime Group Ltd.'s request to force a Russian man into arbitration over allegations his fraudulent testimony helped a shell company with ties to corrupt Ukrainian politicians seek $300 million in a quasi-legal scheme, but said theft claims would require a separate lawsuit.

  • February 10, 2017

    House GOP Taking Aim At SEC Whistleblower Program

    House Republicans are planning to make changes to the U.S. Securities and Exchange Commission’s enforcement agenda, including a provision that could curtail the agency’s whistleblower program, in legislation intended to rewrite Dodd-Frank, according to a memo circulating among GOP leadership.

  • February 10, 2017

    Husband In Couple's $70M Ponzi Scheme Pleads Guilty

    An Ohio man accused of duping nearly 500 investors with a $70 million Ponzi scheme masterminded by him and his wife copped to two charges in Ohio federal court on Friday.

  • February 10, 2017

    Judge OKs $20M Bribery Deal Despite Ex-Relator's Opposition

    Over the objections of a former whistleblower, an Illinois federal judge has signed off on a $20 million settlement ending litigation against a Chicago contractor accused of duping the city out of $125 million through a bribery scheme that led to the arrest of a traffic camera firm’s former CEO and a city official.

  • February 10, 2017

    Ex-Insys Sales Boss Indicted In Fentanyl Kickback Scheme

    A federal grand jury in Connecticut has indicted a former Insys Therapeutics Inc. sales manager on charges he was part of a scheme that steered kickbacks to doctors for prescribing a version of the opioid fentanyl, prosecutors said Friday.

  • February 10, 2017

    $55M Global Debit Card Heist Mastermind Get 8 Years

    A Turkish national who masterminded a $55 million to steal debit card data and make fraudulent withdrawals was sentenced in a New York federal court Friday to eight years in prison, a sentence motivated in part by the fact he’s still facing a long stretch in a Turkish prison.

  • February 10, 2017

    New Crime-Of-Violence Deportation Case Hits Supreme Court

    The U.S. Supreme Court should take up a Third Circuit ruling that a federal statute defining a “crime of violence” is unconstitutionally vague, but delay review until the justices decide another deportation case examining the same question, the federal government has said.

  • February 10, 2017

    1st-Offender Pardon Can Block Naturalization, 5th Circ. Says

    The Fifth Circuit on Thursday affirmed a district court decision upholding the U.S. Citizenship and Immigration Service’s denial of a women’s naturalization application, saying the lower court did not err in finding that she had not received a “full and unconditional executive pardon” of her conviction for an aggravated felony.

  • February 10, 2017

    Former AIG Heads Settle Decade-Old Fraud Case For $10M

    Former American International Group Inc. CEO Maurice “Hank” Greenberg and the insurer’s former chief financial officer have agreed to pay nearly $10 million to settle the New York attorney general’s long-running fraud case which claims a pair of purported AIG reinsurance deals in the early 2000s were fraudulent.

  • February 10, 2017

    DOJ Moves To Foreclose On Wyly Widow’s Dallas Home

    The U.S. Department of Justice asked a Texas federal court on Thursday to let it foreclose on Caroline Dee Wyly’s $8 million Dallas home, the latest move in a yearslong fraud and tax-avoidance case that’s entered a new phase since Wyly’s bankruptcy proceeding was converted to Chapter 7 in November.

  • February 10, 2017

    Philly DA In Undisclosed Gift Scandal Won't Seek Reelection

    Philadelphia’s embattled district attorney, who is facing ongoing fallout from revelations that he accepted thousands of dollars in income and gifts that he failed to disclose on required financial interest statements, announced Friday he would not seek a third term as the city’s top prosecutor next year.

  • February 10, 2017

    Penn State Says Bias Caused $7.3M Sandusky Witness Verdict

    Pennsylvania State University asked a judge to toss a $7.3 million jury verdict or order a new trial in a former football coach’s case over the school’s alleged mishandling of sex abuse reports against Jerry Sandusky, saying the trial judge in the case "acted as an advocate" on behalf of the coach.

Expert Analysis

  • The Implications Of Insureds' Illegal Conduct

    Deepa T. Sutherland

    Laws against bribery and corruption, like the U.S. Foreign Corrupt Practices Act and U.K. Bribery Act, are growing increasingly tough, often applying in surprisingly broad circumstances. The laws' principles continue to be tested in court, but for now, insurers writing risks in foreign jurisdictions should adopt a proactive stance in vetting the practices of their local subsidiaries and insureds, say Deepa Sutherland and Hernán Cip... (continued)

  • Amended Rule 37(e): 1 Year Later

    Samantha Southall

    After a full year in effect, the amended Federal Rule of Civil Procedure 37(e) has been tested in a variety of district courts. A sampling of these decisions reveals that courts seem to be adhering closely to the amended rule and ordering adverse inference instructions only where there was intent to deprive another party of access to relevant information, say Carrie Amezcua and Samantha Southall of Buchanan Ingersoll & Rooney PC.

  • Health Care Enforcement Review And 2017 Outlook: Part 2

    Karen S. Lovitch

    In 2016, courts around the country heard cases involving a variety of False Claims Act and other enforcement-related matters. Going forward these case law developments are expected to have an impact on both the scope of FCA liability and the means by which FCA liability can be proven at trial, say attorneys at Mintz Levin Cohn Ferris Glovsky and Popeo PC.

  • Avoiding The Hidden Costs Of Bargain-Priced E-Discovery

    Michael Cousino

    Many organizations are interested in finding electronic discovery partners who offer tantalizingly low prices for electronic discovery services. However, unforeseen gaps, lax security practices, ignorance of global practices and delayed deliverables can all add up to a surprisingly large final cost, says Michael Cousino of Epiq Systems.

  • Why Anti-Corruption Due Diligence Is Important In M&A

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    When acquiring and investing in companies, it is critical to evaluate and mitigate the risk of both previous and future violations of the Foreign Corrupt Practices Act. Mark Mendelsohn and Peter Jaffe of Paul Weiss Rifkind Wharton & Garrison LLP discuss unique challenges for investors and essential considerations for mergers and acquisitions.

  • My Strangest Day In Court: When The Witness Died

    Tom Melsheimer

    Just before walking into court to begin jury selection, I learned from the case agent that a key witness had been found dead over the weekend. During the trial, it was not easy to keep the murdered witness out of my mind, especially with the defendant icily staring at me every time I got up to speak, recalls Tom Melsheimer of Fish & Richardson PC.

  • A Record FCPA Year For Pharma

    Melissa L. Jampol

    Teva's Foreign Corrupt Practices Act settlement last month — the largest-ever FCPA resolution involving a pharmaceutical company — was the capstone to a year of many significant FCPA settlements and resolutions with drug companies. This year, it is likely that enforcement will change given the new administration, say Melissa Jampol and Elena Quattrone of Epstein Becker & Green PC.

  • Saving Lawyers 1 Breath At A Time: Mindfulness In The Law

    Jennifer Gibbs

    As critical as lawyers are to society, they are reported to be the most frequently depressed occupational group in the United States. In response to the inherently stressful nature of the practice of law, more and more lawyers are turning to an ancient contemplative practice called “mindfulness,” says Jennifer Gibbs of Zelle LLP.

  • Understanding How Blockchain Could Impact Legal Industry

    R. Douglas Vaughn

    Blockchain is essentially a computerized public ledger that can apply to almost anything that a person might save into a database or spreadsheet. This versatile technology may enhance the legal industry by providing an improved record keeping system, setting up "smart contracts" and tracking intellectual property and land records, say R. Douglas Vaughn and Anna Outzen of Deutsch Kerrigan LLP.

  • Proportionality Takes Hold In 2nd Circ.: Takeaways For 2017

    Elizabeth Del Cid

    District courts within the Second Circuit have issued at least 15 decisions in which a discovery ruling was based, at least in part, on the proportionality factors set forth in amended Federal Rule 26(b)(1). In more than half those decisions, courts denied discovery requests on proportionality grounds. Elizabeth Del Cid and Soren Packer of Murphy & McGonigle PC discuss seven takeaways for litigants as the amended rule turns two.