White Collar

  • May 17, 2017

    FINRA Boss Notes Sharp Drop In Market Manipulation Signs

    The head of the securities industry self-regulator said Wednesday that its new monitoring program designed to detect illegal trading patterns has found a steep decline in indications of manipulative trades over the past year.

  • May 17, 2017

    Fla. Man Gets 15 Years For Frauds That Took In $30M

    A Miami federal judge sentenced a Florida man on Wednesday to 15 years in prison and ordered him to forfeit more than $30 million in property and money he obtained through a sugar shipping and mining Ponzi scheme and a separate development scam he orchestrated.

  • May 17, 2017

    Texas Panel Wrestles With Paxton Prosecutor Pay Challenge

    In a vigorous oral argument Wednesday, a Texas appellate court again wrestled with a real estate developer’s claim that special prosecutors in the felony securities fraud case against Texas Attorney General Ken Paxton are being unlawfully overpaid.

  • May 17, 2017

    Shkreli Loses Bid To Suppress Docs In Securities Fraud Case

    A New York federal judge on Tuesday refused a bid by former pharma executive Martin Shkreli to suppress evidence from his securities fraud trial related to his former hedge funds given to prosecutors by drugmaker Retrophin Inc., finding that Shkreli’s Fourth Amendment rights were not violated.

  • May 17, 2017

    Ex-US Atty Committed Misconduct With Office Romance: DOJ

    A retired U.S. attorney engaged in misconduct by having a romantic relationship with a subordinate, and the subordinate failed to disclose a spouse’s stock trades, the Justice Department’s Inspector General said Tuesday.

  • May 17, 2017

    Fla. Man Fights Bid For Longer Sentence In Lap-Band Suit

    A Florida man who has pled guilty to selling doctors expired gastric banding systems objected Tuesday to prosecutors’ request for upward departure from the sentencing guidelines, saying the government’s reasons for the heightened sentence are unsupported.

  • May 17, 2017

    Two Suspended NJ Attys Stole Client Funds, AG Says

    Two suspended New Jersey law partners who formerly operated a Newark firm were indicted Wednesday on charges they stole $140,000 from clients’ settlements and used it for business and personal expenses, and, in the case of one of the attorneys, alimony.

  • May 17, 2017

    WilmerHale Atty, Ex-FBI Head Tapped To Lead Russia Probe

    The U.S. Department of Justice on Wednesday appointed WilmerHale partner Robert S. Mueller III as special counsel to head up the investigation into Russian interference with the 2016 presidential election.

  • May 17, 2017

    Ex-Client Hits BakerHostetler With $1.4M Bill For Russia Spat

    Russia-focused investment company Hermitage Capital Management Ltd. asked a New York federal judge on Tuesday to make its former lawyers at BakerHostetler reimburse Hermitage for more than $1.4 million it spent to disqualify the law firm over a conflict of interest posed by its work on a massive tax scam investigation.

  • May 17, 2017

    Player In $3B TelexFree Scam Settles With SEC For $1.8M

    A player in the TelexFree LLC pyramid scheme agreed Wednesday to cough up more than $1.8 million to settle a Massachusetts federal suit by the U.S. Securities and Exchange Commission accusing him of securities fraud in promoting what the agency called “an elaborate Ponzi and pyramid scheme.”

  • May 17, 2017

    High Court Urged To Uphold Ex-NY Sen.'s Bribery Conviction

    The federal government urged the U.S. Supreme Court on Wednesday not to let former New York state Sen. Malcolm Smith escape his seven-year prison sentence for an election bribery scheme, saying the conviction still stands despite Smith paying the bribes, rather than receiving them.

  • May 17, 2017

    'Hamilton' Ponzi Fraud Defendant Gets November Trial Date

    A Manhattan federal judge set a brisk timetable Wednesday to try accused fraudster Joseph Meli, who was arrested in January for a ticket resale fraud tied to the Broadway hit "Hamilton," along with a co-defendant who is charged in a related fraud.

  • May 17, 2017

    Fla. Sober Home Owner Gets 27 Years For Fraud Scheme

    A Florida man who pled guilty to running a health care fraud scheme out of several sober homes and drug treatment facilities that he owned with his wife was sentenced on Wednesday to 27 years in prison.

  • May 17, 2017

    Phony Estate Atty's Sentence Affirmed By Pa. Appeals Court

    A Pennsylvania appeals court on Tuesday upheld the two-year prison sentence that a former BMZ Law LLC partner was slapped with in July after being convicted for forging documents to hide the fact that she’d neither passed the state’s bar exam nor ever attended law school.

  • May 17, 2017

    Recalcitrant Hedge Fund Boss's Passport Released By Court

    Former hedge fund boss Chetan Kapur is out of a New York City jail for contempt of two fraud judgments valued at about $10 million, and his Indian passport was released Wednesday, but a court filing also showed the recalcitrant judgment debtor was being held on an immigration detainer.

  • May 17, 2017

    Sen. Intel Committee Wants Comey To Testify In Russia Probe

    Senate Intelligence Committee leaders said Wednesday they have asked former FBI Director James Comey to testify as part of their investigation into Russian interference with the 2016 presidential election, as Senate Democrats pushed for an investigation into U.S. Attorney General Jeff Sessions’ role in Comey’s firing.

  • May 17, 2017

    Bipartisan Bill Again Calls For Transparency In Settlements

    Democratic U.S. Sen. Elizabeth Warren and Republican U.S. Sen. James Lankford on Tuesday reintroduced legislation requiring greater transparency of settlements companies and individuals enter into with federal agencies, including a disclosure of tax deductible amounts or other credits that affect the actual dollar figure.

  • May 17, 2017

    Playboy Model Loses Bid To Dodge Case Over Gym Pic

    A Los Angeles county judge has declined to dismiss an invasion of privacy charge brought by the state of California against former Playboy playmate Danielle Mathers, who posted a nude photo of an elderly woman in a gym locker room and mocked her on social media in July.

  • May 17, 2017

    Ill. Judge Says Gov't Can't Pin Her In $1.4M Mortgage Scheme

    An Illinois county judge indicted as part of a $1.4 million mortgage fraud plot asked the federal judge overseeing her case to dismiss the charges Tuesday, arguing the individual transactions the government outlines don’t constitute a cohesive scheme that she can defend herself against.

  • May 17, 2017

    German Prosecutors Probe VW Execs In Emissions Scandal

    German prosecutors said on Wednesday that they were investigating the current chief executive of Volkswagen, Matthias Müller, as well as his predecessor and the automaker’s chairman on suspicions of market manipulation related to the emissions-cheating scandal that burst in the fall of 2015.

Expert Analysis

  • Decline In DOJ Antitrust Division Fines Is Likely Temporary

    Westrick_Tim_Treliant.jpg

    Criminal antitrust enforcement may appear to have dropped off in fiscal year 2016, if fines assessed on companies and executives are any measure. However, a deeper look provides a more accurate picture. In fact, the stage could be set for total fines to again surpass $1 billion in FY2017, says Timothy Westrick, a senior manager at Treliant Risk Advisors and former federal prosecutor.

  • Crowdfunding For Legal Cases: 5 Trends Reshaping Justice

    Julia Salasky

    Most people have never had an opportunity to personally take part in a legal case that directly challenges laws or policies they don’t agree with. Now that crowdfunding is available for legal cases, people can engage directly with legal change in the community and be a check on the powerful, says Julia Salasky, CEO of CrowdJustice.

  • Opinion

    ABA Needs A New Model Legal Ethics Rule

    Kevin L. Shepherd

    Perhaps lost in the presidential post-election tumult was a report issued in late 2016 by an international body evaluating U.S. compliance with anti-money laundering and counter-terrorist financing standards. Considering repeated criticisms of the legal profession, the American Bar Association should seriously consider a new model legal ethics rule, says Kevin Shepherd of Venable LLP.

  • What Does Lateral Partner Success Look Like?

    Howard Flack

    In the final segment of his series on lateral recruitment, Howard Flack, a partner of Volta Talent Strategies LLC and former leader of the lateral partner recruiting team at Hogan Lovells, shares a number of factors law firms should consider when measuring lateral hire success.

  • Are Lateral Recruitment Opportunities Shaping Your Strategy?

    Howard Flack

    In the second installment of this series on lateral recruiting, Howard Flack of Volta Talent Strategies LLC challenges law firms to ask themselves whether business strategies are determining lateral hires — or vice versa.

  • Lateral Partner Hiring: Time To Look In The Mirror

    Howard Flack

    The surveys that report lateral partner hiring as more or less a 50-50 proposition keep being published, and yet the lateral partner market is as robust as ever. So, what are firms looking at to measure their success and justify the level of investment they continue to make in the lateral market? asks Howard Flack of Volta Talent Strategies LLC.

  • Deciphering The Scope Of Competing Trade Secret Standards

    Peter M. Brody

    The Ninth Circuit is currently deciding whether a defendant can be criminally liable under the pre-Defend Trade Secrets Act definition for misappropriating a trade secret when the allegedly secret information had been previously disclosed to a competitor. While the Third, Seventh and Ninth Circuits have already faced this question in some form, none have yet answered it definitively, say attorneys with Ropes & Gray LLP.

  • How Terror Group Label For IRGC Could Impact Iran Deal

    Anthony Rapa

    The Trump administration recently floated the idea of designating Iran’s Islamic Revolutionary Guard Corps as a foreign terrorist organization. This could seriously impact sanctions relief under the Iran nuclear deal, because it would make any business dealings with a company owned or controlled by senior IRGC officers — as up to 200 Iranian companies may be — a potential crime, says Anthony Rapa of Steptoe & Johnson LLP.

  • Monthly Column

    FBI Leaks And The Sanctity Of Grand Jury Secrecy

    Daniel Wenner

    FBI special agent David Chaves is being investigated for leaking information about a grand jury investigation to the press. And this public episode might engender more attacks on the grand jury process, says Daniel Wenner, a partner at Day Pitney LLP and former federal prosecutor.

  • A Law Firm’s Guide To Social Media

    Julie Bagdikian

    Bear in mind that the internet seldom forgets and never forgives, and you are just one screen grab from a meme. A law firm's core messages and unique selling points must be clearly determined before embarking on a social media strategy, says Julie Bagdikian of The Pollack PR Marketing Group.