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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.