We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

White Collar

  • August 6, 2018

    Canadian Man Gets 18 Years For $23M Fraud Targeting Attys

    A Canadian man was sentenced to 18 years in federal prison on Monday for a scheme that bilked a string of law firms, including White & Williams LLP and Ropes & Gray LLP, out of about $23 million by inducing them to represent phony clients in collection actions.

  • August 6, 2018

    Tax Fraudster Can't Escape Conviction Over Inflated Refunds

    The Tenth Circuit, in an opinion filed Monday, upheld the sentence of a convicted tax fraudster who illegally helped his clients receive larger tax refunds by filing fraudulent returns.

  • August 6, 2018

    NASCAR CEO Put On Leave After DWI, Drug Arrest

    NASCAR said Monday that its CEO and chairman Brian France has taken an "indefinite leave of absence" after he was arrested in New York state over the weekend and charged with driving while intoxicated and possession of a controlled substance, oxycodone.

  • August 6, 2018

    Hedge Fund Manager Barred From Industry For $10.5M Fraud

    A former hedge fund manager behind bars for stealing from investors in a Ponzi-style operation can never again work in the securities industry and will satisfy his $7.9 million in civil liability when he pays down a parallel $10.5 million criminal restitution, a Massachusetts federal judge decided Monday.

  • August 6, 2018

    2nd Circ. Revives Some Counts Against Convicted Ex-NY Sen.

    Former New York State Senate Minority Leader John Sampson, who is accused of embezzling funds held in escrow for real estate transactions, should face revived embezzlement allegations and be unable to escape obstruction and lying convictions related to his actions, the Second Circuit said in two orders on Monday.

  • August 3, 2018

    Exec For Inmate Medical Co. Can't Dodge Bribery Charges

    A San Antonio federal judge refused Friday to dismiss charges against an executive for a prison health services company accused of passing bribes to a county judge and executive in order to win a contract for services at a detention center, saying the two-count indictment holds water.

  • August 3, 2018

    Future Of Internet Sports Betting Clouded By Wire Act

    Just months after the U.S. Supreme Court opened the door to legal sports betting, gaming companies in a handful of states are already taking wagers on games. But experts say a federal law — the Wire Act — is a major roadblock for betting operators looking to expand their offerings to mobile and online betting.

  • August 3, 2018

    Madoff Investor's $3.4M Deal Not Covered, 2nd Circ. Told

    Two Chubb Ltd. insurers on Thursday urged the Second Circuit to affirm that they don’t have to cover a nearly $3.4 million settlement that a victim of Bernard L. Madoff’s Ponzi scheme paid to resolve a clawback action brought by the Madoff bankruptcy trustee, saying a lower court properly held that the action didn’t trigger their policies’ personal injury coverage.

  • August 3, 2018

    DC Circ. Slams DOJ’s 'Blanket Refusals' In Atty's FOIA Row

    A panel for the D.C. Circuit on Friday criticized the Department of Justice’s Office of Professional Responsibility for its “blanket refusals” to provide a jailed attorney documents relating to the alleged misconduct of the former federal prosecutor who convicted him, saying the office didn’t justify all of its Freedom of Information Act exclusions.

  • August 3, 2018

    Forex Traders Want Pleas, Spoofing Claims Kept Out Of Trial

    Three London-based foreign currency exchange traders urged a Manhattan federal judge to block prosecutors from bringing up a group of large banks’ guilty pleas to manipulating the forex market, or any accusations of “spoofing” from their upcoming trial.

  • August 3, 2018

    DOJ Sued For Access To Comey’s Private Emails

    An advocacy group has sued to force the U.S. Department of Justice to release the work emails that former FBI Director James Comey and his chief of staff allegedly sent from their personal email accounts.

  • August 3, 2018

    Ex-Shkreli Atty Claims Companies Can't Be Victims

    Prosecutors seeking to make a lawyer convicted of aiding Martin Shkreli's securities fraud pay more than $10.4 million in restitution to one of Shkreli's former companies urged a judge Friday to reject the attorney's argument that companies aren't victims under a restitution law.

  • August 3, 2018

    Arkema, CEO Indicted For Harvey Chemical Release

    A Texas grand jury has indicted Arkema North America Inc., its CEO and a plant manager for “recklessly” releasing chemicals into the air in Crosby, Texas, during Hurricane Harvey, prosecutors announced Friday.

  • August 3, 2018

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen a Russian businessman's telecom company forge ahead with a commercial fraud claim against Russia's VTB bank, ED&F Man Capital Markets sue a rival brokerage and U.K. insurer RSA initiate the court process to transfer policies to its new Luxembourg unit. Here, Law360 looks at those and other new claims in the U.K.

  • August 3, 2018

    USOC, Trainers Must Sit For Depositions In Nassar Suits

    The U.S. Olympic Committee and gymnastics trainers Bela and Martha Karolyi can’t stop a handful of former athletes suing over ex-USA Gymnastics national team doctor Larry Nassar’s decades of sexual abuse from conducting limited discovery ahead of a decision on a pending motion to dismiss, a California federal court ruled Thursday.

  • August 3, 2018

    Manafort's Former Accountant Details Tax-Dodge Scheme

    A former accountant for Paul Manafort on Friday said in Virginia federal court that she helped the onetime Trump campaign chairman reduce his tax burden by improperly reclassifying $900,000 in income received by his consulting firm from a Cyprus-based company as loans on his 2014 tax returns.

  • August 3, 2018

    Judge Thinking About Pardon Power In Special Counsel Probe

    An indicted Russian company on Friday sought to challenge Robert Mueller's special counsel appointment as illegal and unconstitutional, arguing that Mueller has too little supervision and prompting the D.C. federal judge to ask if the president's power to pardon could affect the finality of any decision coming from that office.

  • August 3, 2018

    Weinstein Says Rape Grand Jury Didn't See Exculpatory Info

    Disgraced movie mogul Harvey Weinstein asked a Manhattan state judge Friday to dismiss criminal charges accusing him of raping three women, asserting that Manhattan District Attorney Cyrus Vance kept exculpatory emails away from the grand jury that indicted him.

  • August 3, 2018

    City National Bank Agrees To Pay $33M To End Ponzi Claims

    The receiver overseeing a company accused of operating a $123 million Ponzi scheme involving fraudulent ATM sales has urged a California federal court to approve a $33 million settlement resolving claims against the company’s bank, City National Bank.

  • August 3, 2018

    Texas 'Frack Master' To Stay Behind Bars Until Fraud Trial

    The former CEO of Dallas fracking venture Breitling Energy and self-described "frack master" must stay in jail while awaiting trial, a federal judge ruled Thursday, calling his purchase of international plane tickets “remarkably suspect” and citing his lawyer mother’s recent exit from the country.

Expert Analysis

  • Limiting Law Firms' Professional Liability Risks: Part 1

    Stuart Pattison

    Corporate law departments are increasingly demanding more concessions from outside legal counsel, and presenting engagement letters that open the door to greater professional and cyber liability exposure for law firms — often beyond the scope of their insurance coverage. Firms must add their own language to engagement letters to limit liability, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.

  • Civil Forfeiture Abuse Is A Challenge To Civil Rights

    Alexander Klein

    Last month, Rustem Kazazi filed a lawsuit in federal court against U.S. Customs and Border Protection for seizing $58,000 from him at an airport without charging him with a single criminal offense. The seize-first, investigate-later civil forfeiture regime now prevailing in the United States recalls the British crown's abusive tactics that helped spark the Revolutionary War, says Alexander Klein of Barket Epstein & Kearon LLP.

  • Series

    From Lawmaker To Lawyer: How Congress Affected My Career

    Yvonne B. Burke

    Being a former member of Congress put me in an advantageous position when I approached law firms in the late '70s, at a time when there were few female lawyers, and even fewer African-American lawyers, in major law firms, says former Rep. Yvonne B. Burke, D-Calif., a director of Amtrak.

  • Martoma — The Latest Critical Insider Trading Decision

    David Miller

    This week, the Second Circuit revisited its August 2017 insider trading decision in U.S. v. Martoma, walking back its personal-benefit definition and rejection of Newman. But this new ruling may achieve the same practical result as the first, say David Miller and Grant MacQueen of Morgan Lewis & Bockius LLP.

  • Moving From The Duplicative Fines Of The Financial Crisis

    Neil Bloomfield

    Recent announcements from the U.S. Department of Justice, the U.S. Securities and Exchange Commission and federal banking agencies reveal a new approach to coordination among regulators. The penalties coming out of the next round of multiregulator investigations may look significantly different, say Neil Bloomfield and Kristen Kenley of Moore & Van Allen PLLC.

  • Series

    From Lawmaker To Lawyer: DC Isn't As Bad As You Think

    Norm Coleman

    Popular culture paints the Hill as a place teeming with intrigue, corruption and malicious intent. But in Congress I learned important lessons about respecting people and the work they do, says former Sen. Norm Coleman, R-Minn., of Hogan Lovells.

  • Series

    From Lawmaker To Lawyer: 6 Things I Learned In Congress

    Charles Gonzalez

    I found that senior members of Congress didn’t have time to mentor younger members. Lawyers — though just as busy as members of Congress — cannot afford to follow this model, says former Rep. Charles Gonzalez, D-Texas, of Ogletree Deakins Nash Smoak & Stewart PC.

  • Checkbook IRAs And Digital Assets: A Bet Against The House

    Seth Pierce

    Since a 2014 tax ruling that permits holding digital currency in tax-deferred retirement accounts, investment companies have sprung up encouraging people to roll their traditional retirement investments into cryptocurrencies. But investment vehicles of dubious legality may lead to loss of tax deferral and penalties for early withdrawal, says Seth Pierce at Mitchell Silberberg & Knupp LLC.

  • Opinion

    BigLaw's Associate Salary Model Is A Relic Of A Bygone Era

    William Brewer

    Legal industry compensation practices are once again in the news as BigLaw firms continue to match the new high watermark of $190,000 for first-year associate salaries. The typical model of increasing associate salaries uniformly fails star associates, the firms they work for and, ultimately, the clients they serve, says William Brewer, managing partner of Brewer Attorneys & Counselors.

  • High Court Addresses Reality Of Modern Criminal Sentencing

    Taylor Crabtree

    On Monday, the U.S. Supreme Court issued its opinion in Rosales-Mireles v. United States. Read together with the court’s 2016 decision in Molina-Martinez v. United States, this opinion establishes a presumption that a defendant is entitled to resentencing whenever a district court makes a clear error in calculating a defendant’s U.S. Sentencing Guidelines range, says Taylor Crabtree of Ellis & Winters LLP.