White Collar

  • February 14, 2018

    Credit Suisse Targeted In FCPA Probe Over Asia Hiring

    Credit Suisse Group AG revealed Wednesday that it is being investigated by the U.S. Department of Justice and the U.S. Securities and Exchange Commission for possible violation of the Foreign Corrupt Practices Act in relation to the bank's hiring practices in Asia.

  • February 14, 2018

    Texas Man Can't Use Frozen Funds For Appeal, 5th Circ. Says

    A Texas frozen foods businessman convicted for a $5.3 million tax and wire fraud scheme doesn't have a Sixth Amendment right to use funds claimed by the government for a $1.2 million restitution order to hire counsel for his appeal, a Fifth Circuit panel said Wednesday.

  • February 14, 2018

    Feds Want 11-Year Sentence For Armored Truck Fraudster

    Federal prosecutors on Wednesday urged a Virginia federal judge to sentence the CEO of a now-defunct military contractor to more than 11 years in prison for providing faulty armored trucks under federal contracts, arguing the tough sentence is warranted since the fraud endangered lives of American soldiers.

  • February 14, 2018

    Name Partner's Son Forged To Steal $827K From Pa. Firm

    A former office manager and son of a name partner at Pittsburgh bankruptcy firm Calaiaro Valencik pled guilty in Pennsylvania federal court Wednesday to using forgery to plunder more than $827,000 from the firm’s accounts.

  • February 14, 2018

    11th Circ. Affirms 11-Year Stint For $80M Eli Lilly Drug Theft

    The Eleventh Circuit on Tuesday affirmed the 11-year sentence of a man convicted of stealing an estimated $80 million worth of pharmaceuticals from an Eli Lilly and Co. warehouse in Connecticut, saying there’s no evidence his lawyer was ineffective or that the lower court improperly calculated Eli Lilly’s loss.

  • February 14, 2018

    Broker’s Bid For FINRA Docs On ‘Layering’ Rejected

    A New York federal judge on Tuesday rejected a broker’s request that the Financial Industry Regulatory Authority turn over its internal documents on a manipulative trading technique called layering, saying sharing them could undermine the regulator’s law enforcement work.

  • February 14, 2018

    TD Bank Dodges Repayment Bid Over NJ Atty's Check Fraud

    A Pennsylvania appeals court on Wednesday refused to revive claims aimed at forcing TD Bank to pay back Levy Baldante Finney & Rubenstein PC after a former partner fraudulently endorsed and cashed a string of checks totaling more than a quarter million dollars.

  • February 14, 2018

    3rd Circ. Snubs Fraudster Bar Owner’s Bid To Trim Sentence

    The Third Circuit on Tuesday affirmed the 6½-year sentence of a Philadelphia financial planner convicted of pilfering $400,000 from investors to buy a bar that later went bankrupt, saying the lower court was correct in finding he’d lied during the bankruptcy proceedings.

  • February 14, 2018

    Ex-NFLer's Pot Decriminalization Suit Hits Possible Snag

    A Manhattan federal judge expressed sympathy Wednesday with the medical marijuana movement's frustration over the failure of leaders in Washington, D.C., to acknowledge the plant's benefits, but he warned he may not have jurisdiction over a former NFL star's suit demanding decriminalization.

  • February 14, 2018

    Tax Code’s Drug Trafficking Provision Seen As Out Of Touch

    As more states allow the legal sale and use of marijuana, a decades-old section of the tax code that forbids deductions or credits for drug traffickers is preventing pot businesses from taking advantage of tax benefits, and some say the law should be repealed or amended.

  • February 14, 2018

    Ex-Simpson Thacher Clerk Upends Insider Trading Sentence

    The Third Circuit on Wednesday vacated a 46-month prison sentence for a former Simpson Thacher & Bartlett LLP managing clerk convicted over his role in a $5.6 million insider trading scheme, on the same day that a district court judge reduced the civil penalty sought by the U.S. Securities and Exchange Commission from $2 million to $25,000.

  • February 14, 2018

    Ex-ICE Attorney Charged With Stealing Immigrant IDs

    A former top attorney at U.S. Immigration and Customs Enforcement's Seattle branch has been charged with stealing the identity of seven immigrants and attempting to use that information to defraud several major financial institutions, according to Washington federal court documents.

  • February 14, 2018

    Diaz Reus Adds RE, White Collar Attys In Miami, Bogota

    Diaz Reus & Targ LLP has added real estate attorney Alexandre Ballerini as a partner in its Miami office and white collar crime specialist Javier Coronado as an associate lawyer in Bogota, Colombia, the firm announced Tuesday.

  • February 14, 2018

    Manafort And Gates Deserve Day In Court, Judge Says

    A D.C. federal judge on Wednesday expressed impatience with snags in setting a trial date for President Donald Trump's former campaign chairman Paul Manafort and Manafort's former business partner Rick Gates III, and also the extent to which the criminal case has so far been kept under wraps.

  • February 14, 2018

    Ex-CEO Hid Millions, Lived Large Off Pa. Co., Feds Charge

    Federal prosecutors in Pittsburgh announced on Wednesday that they’d slapped the ex-CEO of a health-care management firm with charges for allegedly orchestrating a multimillion-dollar tax fraud scheme aimed at hiding personal income from the Internal Revenue Service.

  • February 13, 2018

    Ex-Fugitive Beau Ordered To Testify At NJ Judge's Trial

    A New Jersey state judge on Tuesday ordered a fellow jurist’s former boyfriend to testify at her trial on charges of hindering his apprehension when he was wanted for armed robbery, declaring invalid his assertion of his constitutional privilege against self-incrimination.

  • February 13, 2018

    Rothstein Slams Feds' Try To Rescind Reduced Sentence Bid

    Convicted Ponzi schemer Scott Rothstein has urged a Florida federal court to deny prosecutors' request to withdraw a motion they filed supporting a reduction of his 50-year sentence for his $1.2 billion scam, saying the government failed to back its assertion that he violated his plea deal.

  • February 13, 2018

    Veon Execs Want Out Of Stock Fraud Class Action

    Four former and current executives at Veon Ltd., a mobile phone company that has admitted to paying bribes to do business in Uzbekistan, have told a New York federal judge that they are not liable for misleading investors and that a proposed class action against them should be dismissed.

  • February 13, 2018

    Ex-Railroad IT Worker Gets Jail Time For Network Damage

    A former Canadian Pacific Railway IT employee was sentenced by a Minnesota federal judge Tuesday to one year and one day in prison for intentionally damaging critical components of the transcontinental railroad company’s computer network, following a guilty verdict in October.

  • February 13, 2018

    NJ Hedge Funder Defrauded By 'Lying And Stealing,' Jury Told

    A New Jersey hedge fund owner accused of stealing $4 million from two investors and buying luxury items, including a $1 million home and a roughly $100,000 diamond ring, did so by “lying and stealing,” a federal prosecutor told a jury Tuesday as closing arguments in the criminal case against Nicholas Lattanzio commenced.

Expert Analysis

  • 3 Enforcement Priorities For State AGs In 2018

    Joe Jacquot

    State attorney general campaigns will be in full swing with 31 elections this year. In addition to three top substantive areas, campaign issues themselves will influence how state attorneys general prioritize enforcement, says Joe Jacquot, former chief deputy attorney general of Florida, now with Foley & Lardner LLP.

  • The Broader Implications Of Sessions’ Marijuana Move

    Markus Funk

    Beyond what it heralds for the marijuana industry, Jeff Sessions’ memo on marijuana enforcement signals a new era of increasingly decentralized federal prosecutorial power, say attorneys with Perkins Coie LLP, including former Colorado Chief Justice Michael Bender.

  • Inside France's 1st Deferred Prosecution Agreement

    Keith Krakaur

    France's recent settlement with HSBC under the new Sapin II anti-corruption framework could signal a new phase of government enforcement in the country. While the terms and structure of the settlement bear many similarities to deferred prosecution agreements in the U.S. and the U.K., they also differ in certain key respects, say attorneys with Skadden Arps Slate Meagher & Flom LLP.

  • Litigation Finance Trends To Watch In 2018

    Jay Greenberg

    Jay Greenberg and Max Volsky, co-founders of litigation finance platform LexShares Inc., analyze emerging trends based on conversations with their investors and executives in this rapidly evolving sector.

  • The Enneagram And The Practice Of Law

    Jennifer Gibbs

    Study of the Enneagram personality typing system can provide attorneys with better insights into themselves, and into those they interact with professionally, including clients, opposing counsel and judges, says Jennifer Gibbs of Zelle LLP.

  • Series

    Judging A Book: Tymkovich Reviews 'Gorsuch'

    Timothy Tymkovich

    John Greenya’s new book, “Gorsuch: The Judge Who Speaks for Himself,” offers readers something the confirmation hearings did not — the backstory of Neil Gorsuch and a glimpse of who Justice Gorsuch is, says Chief Judge Timothy Tymkovich of the Tenth Circuit.

  • 5 Things To Watch For In FCPA Enforcement This Year

    David Simon

    After much hand-wringing in 2017 about whether Foreign Corrupt Practices Act enforcement would diminish radically under President Donald Trump, it’s now safe to say that all signs point toward continued and vigorous enforcement, say attorneys with Foley & Lardner LLP.

  • Roundup

    5 Most-Read Legal Industry Articles Of 2017

    2017 Trends

    What business of law topics piqued reader interest in 2017? Take a look back at the year's five most-read legal industry articles from Law360 guest authors.

  • Loose Lips Still Sink Ships: Inadvertent Tipping In 2017

    Dixie Johnson

    Inadvertent-tipping cases from the past 12 months demonstrate how carelessness can turn into career-threatening encounters with the U.S. Securities and Exchange Commission or the U.S. Department of Justice. It’s time for renewed resolve to talk about something other than work secrets over the holidays, say attorneys with King & Spalding LLP.

  • Spoliation Scrutiny: Disparate Standards For Distinct Mediums

    Robin Shah

    Two years ago, Federal Rule of Civil Procedure 37(e) was amended to provide a clearer road map for courts analyzing whether to permit sanctions for the spoliation of evidence. Yet there is still no specific guidance for when a sanctions request relates to electronically stored and nonelectronically stored information, says Skadden associate Robin Shah.