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White Collar

  • October 10, 2018

    Forex 'Cartel' Traders Cheated The Market, Jury Hears

    Using a private chatroom dubbed “the cartel,” three former foreign currency exchange traders for Barclays PLC, Citigroup Inc. and JPMorgan Chase & Co. units colluded to suppress competition in the forex market, a federal prosecutor said Wednesday as the trio's criminal forex-rigging trial began.

  • October 10, 2018

    NY Regulator Fines UAE Bank $40M Over Compliance Issues

    New York’s financial services regulator filed a consent order Wednesday saying it has reached an agreement with United Arab Emirates-based Mashreqbank PSC and its New York branch, which will pay a $40 million civil penalty and take remedial steps to address deficiencies in its compliance infrastructure.

  • October 10, 2018

    Pa. Atty, Girlfriend Charged Over Secret Pics Of Drunk Woman

    A Pennsylvania attorney and his girlfriend have been charged with plotting to get a woman drunk and then taking photos and videos of her without her consent after she passed out, the Bucks County District Attorney’s Office said.  

  • October 10, 2018

    Fixer Throws Former Adidas Boss Under Bus At Hoops Trial

    Former Adidas consultant Thomas "T.J." Gassnola told a Manhattan federal jury Wednesday that he worked as a fixer for his former boss, who is accused of defrauding National Collegiate Athletic Association basketball powers by secretly paying athletes so they would play at schools tied to the German apparel giant.

  • October 10, 2018

    LeClairRyan Adds Cybersecurity-Focused Atty From SF Fed

    LeClairRyan has brought on an attorney from the Federal Reserve Bank of San Francisco who specializes in privacy, data security, financial services and white collar matters and litigation, the firm announced Tuesday.

  • October 10, 2018

    DOJ Rules Out Life Term Bids For Ex-Wilmington Trust Execs

    Federal prosecutors in Delaware reported an agreement Wednesday to scale back initial life sentence recommendations for four Wilmington Trust Corp. executives convicted of an estimated $196 million securities fraud in May, opting instead to seek prison terms topping out at 11¼ years.

  • October 10, 2018

    Disbarred NJ Atty Can Only Get 70% Of Disputed Fee

    A New Jersey appeals court affirmed a law firm only has to return about 70 percent of the disputed fee it took from a disbarred attorney who retained its services and later accused it of overcharging for its services and malpractice, reasoning Wednesday that a lower court thoroughly analyzed the accounting for work performed.

  • October 10, 2018

    Feds Seek 5 Years For Convicted State Street Exec

    Prosecutors called for a five-year sentence Tuesday for a former vice president of State Street Corp. convicted of overbilling clients by millions, a substantially shorter prison term than federal guidelines suggest but enough to send a message, the government said.

  • October 10, 2018

    Man Who Sold Bank Info To Russian Trolls To Serve 6 Mos.

    A California man who pled guilty to selling stolen bank account information later used by Russian online trolls to arrange payments related to an alleged influence campaign intended to tip the 2016 election toward President Donald Trump was sentenced in D.C. federal court Wednesday to six months in prison.

  • October 9, 2018

    Ex-Willkie, Hunton Atty Faces Prison Over $7.8M Fraud

    Federal prosecutors in New Jersey on Wednesday will seek a six-year prison term for a former Willkie Farr & Gallagher LLP and Hunton & Williams LLP partner for conspiring to bilk the firms and Mastercard Inc. out of roughly $7.8 million, but she is calling for only four years behind bars, according to documents made available Tuesday.

  • October 9, 2018

    Ex-Marks Paneth Accountant Charged In $2M IP Scheme

    Federal authorities in Florida have arrested a former Manhattan accounting firm executive on charges he defrauded investors of $2 million through a sham intellectual property company he created.

  • October 9, 2018

    Stormy Daniels Shouldn't Get Declaratory Relief, Court Told

    President Donald Trump on Monday asked a California federal court to dismiss the bulk of adult film star Stormy Daniels' suit over the infamous $130,000 hush money payment arranged by longtime Trump attorney Michael Cohen, saying Daniels' claims are moot now that he's agreed not to enforce the deal.

  • October 9, 2018

    Ex-Goldman CEO Aide Accused In Wine Theft Leaps To Death

    A former assistant to the CEO of Goldman Sachs who was expected to plead guilty on Tuesday to stealing $1.2 million in rare wines from his former employer was found dead at a Manhattan hotel that afternoon in an apparent suicide.

  • October 9, 2018

    BuzzFeed Says Russian Exec In Dossier Row Is Public Figure

    BuzzFeed told a Florida federal court Tuesday that despite Aleksej Gubarev’s protestations, the Russian technology executive is a public figure for the purposes of his defamation suit over the website’s publication of a dossier alleging ties between Russia and President Donald Trump.

  • October 9, 2018

    Intelligence Officers, Contractor Indicted For Bid-Rigging

    A U.S. Air Force major, a National Security Agency employee and a business owner were indicted by a grand jury for their role in a bid rigging scheme related to a nearly $1.5 million intelligence-related contract, the U.S. attorney's office for the District of Colorado announced.

  • October 9, 2018

    2nd Circ. Mulls Unsettled McDonnell Issues In Guinean Case

    A convicted former Guinean mining minister's attorney told an appeals court panel on Tuesday that the Supreme Court's McDonnell ruling should apply to foreign bribery law, leading one appellate judge to muse that the Second Circuit has yet to limit the ruling to specific laws.

  • October 9, 2018

    Hoops Recruit's Dad Tells Jury Cash Wasn't Only Factor

    The father of former University of Louisville recruit Brian "Tugs" Bowen told a Manhattan jury Tuesday that the hoops powerhouse was the right place for his son regardless of cash payments he received, as lawyers for three men accused of funneling illegal secret payments from Adidas to the basketball dad pushed the narrative that they had no criminal intent.

  • October 9, 2018

    Shareholder Fires Back At Dismissal Bids In 6D Global Suit

    A 6D Global Technologies Inc. shareholder on Friday swatted back at a trio of dismissal bids in New York federal court, deriding “feeble attempts” by the company, its former directors and a private equity firm’s CEO to escape claims that they allowed the digital marketing company’s share price to be manipulated.

  • October 9, 2018

    Doc Guilty Of Insider Trading On Wife's Ariad Drug Info

    The ex-husband of an Ariad executive was found guilty of criminal insider trading Tuesday in Massachusetts federal court, marking a victory for prosecutors who said he saved more than $100,000 in trades based on meetings his wife had with the U.S. Food and Drug Administration about an Ariad cancer drug.

  • October 5, 2018

    Ariad Insider Trading Case Now In Boston Jury’s Hands

    The criminal trial of a Massachusetts doctor accused of insider trading headed into jury deliberations Friday, after prosecutors sought to drive home in closing arguments that he had used nonpublic information from his wife to make trades in stock of the cancer drugmaker Ariad.

Expert Analysis

  • 4 Key Components To New Firm Partnership Agreements

    Russell Shinsky

    A well-drafted partnership agreement protects a law firm's founders, establishes a process for new and outgoing partners, and sets forth guidelines for navigating conflict along the way. Startup firms can begin with something less complex, but there are important elements that every agreement should include, says Russell Shinsky of Anchin Block & Anchin LLP.

  • Opinion

    Open The Federal Courthouses

    David Oscar Markus

    Forget about cameras, reporters in the Manafort trial were not even permitted in the courtroom with their phones, tablets or computers. That meant no live reporting on Twitter and no emails to the newsrooms with updates. In a world focused on information and news as it happens, this is unacceptable, says trial attorney David Oscar Markus.

  • Opinion

    A Case For Impeaching President Trump

    Barbara Radnofsky

    U.S. impeachment practice permits the strategic combination of claims in “omnibus” or “catch-all” articles. With that in mind — and considering precedent set by the Clinton impeachment and others — attorney Barbara Radnofsky offers her version of an omnibus article of impeachment against the current U.S. president.

  • Look Out, Tax Zapper Users: Feds Join State-Level Crackdown

    Matthew Lee

    Two weeks ago federal prosecutors announced criminal tax charges against the owners of five Chicago-area restaurants as part of an ongoing federal investigation into the underreporting of gross receipts using sales suppression software. These cases are significant not only as the first federal charges against business owners in many years but also because they appear to be part of a larger investigation of Chicago-area businesses that use zappers, says Matthew Lee of Fox Rothschild LLP.

  • In SDNY, Indicting Politicians Is The New Black

    Andrew Bauer

    The indictment earlier this month of U.S. Rep. Christopher Collins, R-N.Y., on insider trading charges is the latest in a series of prosecutions that demonstrate the Southern District of New York's growing effort to hold accountable those who take advantage of their influence for improper gain, say attorneys with Arnold & Porter.

  • 'High Availability' — A Key Term In Law Firm IT Strategy

    Jeff Norris

    While most law firm executives and partners may instinctively want to tune out terms like "high availability" and "disaster recovery" — concepts that IT managers usually worry about — there are five reasons you should lean in and wrestle with the vocabulary, say Jeff Norris of Managed Technology Services LLC and Greg Inge of information security consulting firm CQR.

  • The 'Post-Fact' Jury In The 'Fake News' Era

    Ross Laguzza

    The "fake news" phenomenon is ever more prominent in the political arena — but not in the jury box. At a trial, jurors don’t have to rely on the media or any other source to tell them the facts and issues, since they have a front-row seat to the action, says Ross Laguzza, a consultant at R&D Strategic Solutions LLC.

  • Series

    Judging A Book: Lipez Reviews 'Last Great Colonial Lawyer'

    Judge Kermit Lipez

    In his new book, "The Last Great Colonial Lawyer: The Life and Legacy of Jeremiah Gridley," Charles McKirdy argues that Gridley — someone I had never heard of — was the last great colonial lawyer, and that his cases illuminate his times. The author largely substantiates both claims, says First Circuit Judge Kermit Lipez.

  • Extra Protection For Press In Law Enforcement Investigations

    Thomas Barnard

    When the FBI seized a New York Times journalist’s phone and email records earlier this year, the press was outraged. The authority to seize documents from a reporter has a higher threshold of approval than for normal investigations, and the failure to follow those requirements has a unique statutory remedy, say Thomas Barnard and Macy Climo of Baker Donelson Bearman Caldwell & Berkowitz PC.

  • Tax Enforcers Unite Against International Tax Crime

    Kyle Womboldt

    In light of the launch of the Joint Chiefs of Global Tax Enforcement alliance against transnational tax crime and money laundering, it is more important than ever for corporations and professional services firms to carefully manage their exposure to higher risk clients and business activity, say Kyle Wombolt and Jeremy Birch of Herbert Smith Freehills LLP.