White Collar

  • August 15, 2017

    Twice-Convicted Jefferies Trader Seeks Bail Pending Appeal

    Former Jefferies Group residential mortgage-backed securities trader Jesse Litvak on Tuesday asked the Second Circuit to let him stay out of prison while his securities fraud appeal plays out, saying that like in his first appeal, he's again raised a substantial legal question that will likely lead to a reversal or new trial. 

  • August 15, 2017

    SEC Settles With Calif. Property Developer Accused Of Fraud

    A Beverly Hills real estate developer has reached a deal to settle a U.S. Securities and Exchange Commission suit alleging he misappropriated $2.5 million from investors in five Southern California property development companies that he controlled.

  • August 15, 2017

    Atty Wants SEC Insider Trading Deal Quashed Post-Newman

    An attorney and former broker who copped to insider trading but whose case was thrown out in the wake of the Second Circuit's landmark Newman decision on Tuesday told the Second Circuit that his related settlement with the U.S. Securities and Exchange Commission should be vacated as well, since it was clearly based on his guilty plea.

  • August 15, 2017

    Ex-Fed Gov. Tapped To Chair Scandal-Plagued Wells Fargo

    Wells Fargo & Co. said Tuesday that former Federal Reserve Gov. Elizabeth Duke will take over as chair of the embattled bank’s board next year, amid calls from lawmakers for the removal of all Wells Fargo board members in place during the fake-account scandal.

  • August 15, 2017

    HBO Partner Says 4 Arrested For 'Game Of Thrones' Leak

    An Indian media and entertainment company and HBO distribution partner owned by 21st Century Fox announced Tuesday that four arrests had been made related to the leak of an unaired “Game of Thrones” episode earlier this month.

  • August 15, 2017

    NJ AG Announces Staff Departures And New Appointment

    A staffing shuffle at New Jersey Attorney General Christopher S. Porrino’s office will see his first assistant AG depart for private practice after three years on the job and his executive assistant AG retire from her 30-year career, according to an announcement Tuesday.

  • August 15, 2017

    Alleged Ponzi Schemer Denied Leave To Travel To Vegas

    The alleged mastermind behind a $70 million ticket-resale Ponzi scheme was denied permission to fly to Las Vegas and ply his trade ahead of the landmark Mayweather-McGregor boxing bout, as the criminal case against him got underway in New York federal court Tuesday.

  • August 15, 2017

    Swiss Asset Manager Ducks Tax Fraud Charges With $5M Deal

    Swiss asset manager Prime Partners SA on Tuesday entered a deal in which the U.S. government agreed not to bring criminal charges for helping Americans dodge taxes after the firm opened its files on certain client accounts and agreed to pay $5 million.

  • August 15, 2017

    SIPC Recommends $32M Fee Approval For Madoff Trustee

    The Securities Investor Protection Corp. urged a New York bankruptcy court on Tuesday to approve a request by BakerHostetler for $32 million in legal fees for four months of discounted work managing the liquidation of Bernie Madoff's defunct investment firm, saying the firm has achieved substantial progress.

  • August 15, 2017

    NJ Atty Convicted In Mortgage Scam Agrees To Disbarment

    A southern New Jersey attorney who was sentenced to probation for his role in a mortgage fraud scheme earlier this year has tendered his consent to disbarment, according to a state Supreme Court order signed Monday.

  • August 15, 2017

    Ex-Stanford Advisers Want High Court To Force Arbitration

    Former financial advisers who sold investments in what turned out to be a $7 billion Ponzi scheme run by R. Allen Stanford have asked the U.S. Supreme Court to reverse the Fifth Circuit and order to arbitration the Ponzi scheme receiver’s attempt to claw back $215 million.

  • August 15, 2017

    LDS Church Facing New Sex Abuse Suits Over Indian Program

    Two Navajo women and a Crow woman have brought sexual abuse complaints against the Church of Jesus Christ of Latter-day Saints, claiming the church failed to protect them when they were abused as children while taking part in a Mormon off-reservation home-placement program.

  • August 15, 2017

    Ex-Exec Claims Securities Fraudsters Can Legally Own Guns

    A Montana-based former technology company executive convicted of fraud has hired Attorney General Jeff Sessions' personal lawyer to bring a lawsuit on Monday arguing a ban on convicts owning guns contains an exemption for “securities and accounting offenses.”

  • August 15, 2017

    Apple, Others Tell Justices Cell-Site Info Requires Warrant

    Companies including Apple, Facebook, Google, Twitter and Verizon on Tuesday urged the U.S. Supreme Court to rule that a warrant is needed to obtain historical cellphone location records, arguing that existing Fourth Amendment doctrine should be expanded to reflect new technological realities.

  • August 15, 2017

    Turkish Banker Denied Bail In Iranian Sanctions Case

    An executive at Istanbul-based Türkiye Halk Bankası AŞ accused of helping Turkish trader Reza Zarrab evade U.S. sanctions was denied bail Tuesday when a New York federal judge ruled there were no conditions or combination of conditions that would assure his appearance in court.

  • August 15, 2017

    Pa. Fraudster Wins New Look At Ineffective Counsel Claims

    The Third Circuit on Tuesday found that a Pennsylvania federal judge erred by not looking further into a convicted fraudster's assertions that his lawyer’s omissions led him to turn down a five-year plea deal, and sent the case back for an evidentiary hearing.

  • August 15, 2017

    Jones Day Conflict Waived In GWB Scandal Figure's Appeal

    A New Jersey federal judge on Tuesday ruled that a former public official convicted in the George Washington Bridge lane-closing scandal has knowingly and voluntarily waived any potential conflict of interest with Jones Day attorneys representing her as appellate counsel in light of the firm's representation of the Port Authority of New York and New Jersey in related matters.

  • August 15, 2017

    Pa. Rep., Atty Cop To Roles In Illegal Gambling Scheme

    A Pennsylvania state representative and an attorney on Tuesday both pled guilty to state misdemeanor charges stemming from allegations that they took steps to support an Allegheny County illegal gambling ring.

  • August 15, 2017

    Privacy Groups Urge Justices To Look At FISA Surveillance

    Privacy advocates have urged the high court to review and overturn a ruling enabling the government to intercept and sift through the personal data of U.S. citizens without a warrant, arguing that a foreign surveillance law is overbroad and fails to protect the constitutional rights of Americans.

  • August 15, 2017

    4th Circ. Nixes Immigration Fraud Verdict For Judicial Bias

    The Fourth Circuit on Monday undid an Algerian native's conviction for immigration fraud through the Diversity Immigrant Visa Program, finding that the judge in the case improperly made disparaging remarks about the visa program to the jury.

Expert Analysis

  • 4 Female Perspectives On BigLaw Leadership

    Regina Pisa

    Only a handful of the largest U.S. law firms are led by women. Here, in their own words, are perspectives from Shook Hardy & Bacon Chair Madeleine McDonough, Crowell & Moring Chair Angela Styles, Morgan Lewis & Bockius Chair Jami Wintz McKeon and Goodwin Procter Chair Emeritus Regina Pisa.

  • OFAC Continues To Pursue Oil And Gas Companies

    Michael Casey

    The ExxonMobil penalty is the latest in a string of recent, increasingly aggressive U.S. Treasury Department Office of Foreign Assets Control enforcement actions targeting nonfinancial institutions and particularly entities operating in the oil and gas industry, say attorneys with Ropes & Gray LLP.

  • The Elephant In The Room: Advancing Women To Partnership

    Anusia Gillespie

    Despite more focus and investment, the numbers continue to show little progress in advancing women to the top tiers of firm leadership. Considering the irreversible nature of the transformation of the market for top talent, it is time to start experimenting and innovating from the core, rather than from the periphery, say Anusia Gillespie and Scott Westfahl of Harvard Law School.

  • How Midsize Law Firms Can Minimize Cybersecurity Threats

    K. Stefan Chin

    It can be challenging for midsize law firms to develop an enterprise cybersecurity program that mitigates the eminent threat of data breach and meets the regulatory and compliance requirements of the firm and its clients. This challenge becomes daunting when considering the steady rise in client audits, say K. Stefan Chin of Peckar & Abramson PC and John Sweeney of Logicforce.

  • Opinion

    The Remedy For Election Fraud Is A New Election

    Robert Klonoff

    Surprisingly, despite extensive media coverage of the Russia investigation, virtually no one has focused on the irrationality of allowing Vice President Pence to become president if the facts reveal that the election itself was fraudulent, says Robert Klonoff, a professor at Lewis & Clark Law School.

  • 2nd Circ. Libor Ruling Helps Subjects In Int'l Investigations

    Gregory O’Connell

    The Second Circuit's Allen decision Wednesday tilts the scales toward subjects and targets in multinational investigations. U.S. prosecutors could be forced to get involved in international investigations earlier than they might like, say Gregory O’Connell and Peter Sluka of De Feis O’Connell & Rose PC.

  • Sherman Act Is An Unconstitutional Criminal Statute: Part 2

    Robert Connolly

    What passed constitutional muster when the Sherman Act was a misdemeanor merits another look now that the statute carries a maximum jail time of 10 years. I have a proposal to fix the criminal element of the Sherman Act, says Robert Connolly of GeyerGorey LLP.

  • Weekly Column

    Innovating For Wise Juries: Matching Experts

    Stephen Susman

    In the penultimate installment of this series, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project answer a question on many legal analysts’ minds: What if both sides’ expert witnesses sat in a hot tub discussing the case while a jury watched?

  • Rebuttal

    The Rise Of Midsize Firms

    Ronald Shechtman

    Recently, this publication featured an op-ed in which one law firm partner contended that midsize firms will be the next casualty of the legal market, due to a supposed inability to compete with BigLaw or boutique firms for business. Though we can expect to see Am Law firms continue to lead the market in megadeals and life-or-death litigations, by all indications midsize is on the rise, says Ronald Shechtman of Pryor Cashman LLP.

  • Corporate Criminal Liability Continues To Expand In The UK

    Robert Amaee

    With the recent charges brought against Barclays PLC, the U.K. Serious Fraud Office and Financial Conduct Authority have made clear their intention to expand the law on corporate criminal liability beyond the current identification doctrine and punish those who fail to keep up new legal standards, say Robert Amaee and James McSweeney of Quinn Emanuel Urquhart & Sullivan LLP.