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White Collar

  • September 6, 2018

    Ex-Celator Employee Gets Prison For Insider Trading Scheme

    An ex-Celator Pharmaceuticals Inc. employee was slapped with a combined yearlong sentence of prison and home confinement Thursday in New Jersey federal court for his role in an insider trading scheme involving confidential information about the company’s positive test results for a cancer drug and its impending acquisition by Jazz Pharmaceuticals PLC.

  • September 6, 2018

    Pa. Atty Pleads Guilty To Money Laundering, Extortion

    An attorney and former director of public safety for a Pennsylvania township pled guilty Wednesday to a money laundering and extortion scheme, admitting that he and his co-conspirators engaged in a plot to launder money made from health care fraud and illegal drug trafficking, and leaving a magisterial judge as the last alleged conspirator to not plead guilty.

  • September 6, 2018

    Ex-Akebia, Merrimack Analysts Want Conviction Tossed

    A pair of pharmaceutical statisticians told a Massachusetts federal judge Thursday their insider trading conviction should not stand because what the government said it would prove at trial differed greatly from the evidence that ended up coming in.

  • September 6, 2018

    Ex-UN Head's Nephew Gets 6 Months For Korea Bribery Plot

    A Manhattan federal judge sentenced the nephew of former United Nations chief Ban Ki-moon to six months in prison Thursday for trying to pay off a foreign official to fund an $800 million development in South Korea, expressing concern that a longer term would have led to his automatic deportation.

  • September 5, 2018

    Ex-DOJ Chief In Clinton, Russia Probes Reopens Solo Practice

    David H. Laufman, a former official in the U.S. Department of Justice's national security division, announced on Wednesday that his private practice in Washington, D.C., is open for business after his “action-packed” stint investigating Hillary Clinton's email server and Russian interference in U.S. politics.

  • September 5, 2018

    Russia Probe Kept Out Of Manafort's Second Trial

    A D.C. federal judge on Wednesday granted the request from President Donald Trump’s former campaign chairman Paul Manafort that mention of the federal government’s probe into potential collusion between Russia and the campaign be excluded from his upcoming second criminal trial.

  • September 5, 2018

    Del. Judge Lifts Ch. 11 Block On Weinstein Co. Suit In NY

    A Delaware bankruptcy judge cleared the way Wednesday for sexual assault and related damage claims to proceed in New York against The Weinstein Co. and an affiliate, in the second such court exception to usual bankruptcy protection for Chapter 11 debtors.

  • September 5, 2018

    Michigan Man Admits Defrauding $1.4M From Investors

    A Michigan man admitted Wednesday in New Jersey federal court to helping defraud hundreds of investors from around the world of $1.4 million through a sham online day-trading firm, while another man was arrested in Michigan for his alleged involvement in the conspiracy, the U.S. Attorney’s Office has announced.

  • September 5, 2018

    NY Gallery Owner Pleads Guilty To $1.6M Tax Fraud

    Prominent Manhattan art gallery owner Mary Boone pled guilty Wednesday to two counts of tax fraud in a New York federal court for falsely claiming $1.6 million in personal expenses as business deductions, including costs for remodeling her apartment, according to the U.S. Department of Justice.

  • September 5, 2018

    Ex-Telecom Boss Denies Defrauding Investors Of $250M

    The former CEO of Quintillion Networks LLC on Wednesday denied using forged contracts to con investors into sinking $250 million into the telecommunications company's fiber-optic cable network in Alaska, and a Manhattan federal judge said a trial would go forward in early 2019.

  • September 5, 2018

    Feds Ask 2nd Circ. To Revive Ex-Nomura Trader's Conviction

    Prosecutors asked the Second Circuit to reinstate a former Nomura Securities International Inc. bond trader's conviction, saying on Tuesday a Connecticut federal judge wrongly granted him a new trial by equating the case with the one against Jesse Litvak, another trader freed over misleading evidence.

  • September 5, 2018

    FCC Sets Deadline For Foreign Media Disclosures

    Media outlets considered “agents” of foreign governments or political parties have until mid-October to disclose those relationships under the newly enacted defense authorization law aimed squarely at foreign influence from Russia-controlled organizations, the Federal Communications Commission said Tuesday.

  • September 5, 2018

    Ex-Prosecutor, GE Atty Joins Ropes & Gray's Anti-Graft Team

    Ropes & Gray has hired a former federal prosecutor and General Electric in-house counsel to join the firm's Washington office as a partner, the firm announced Wednesday.

  • September 5, 2018

    Schnader Harrison To Sue Cosby Citing Unpaid Legal Bills

    Schnader Harrison Segal & Lewis LLP is taking disgraced entertainer Bill Cosby, who has been convicted of sexual assault, to court in suburban Philadelphia for allegedly failing to pay his legal bills.

  • September 5, 2018

    3 Dewey Execs Settle With SEC Over Law Firm's Collapse

    The U.S. Securities and Exchange Commission has said former Dewey & LeBoeuf chairman Steven Davis and two other ex-Dewey staffers have agreed to settle civil fraud claims against them stemming from the law firm’s 2012 collapse.

  • September 5, 2018

    Receiver Gives Notice Of SEC Suit Against 1 Global Capital

    A court-appointed receiver on Wednesday gave a Missouri federal court notice of a previously sealed lawsuit the U.S. Securities and Exchange Commission filed in late August accusing Florida-based lender 1 Global Capital LLC and its former CEO of fraudulently raising more than $287 million — and misappropriating at least $35 million of that — from thousands of investors over the past four years.

  • September 5, 2018

    'Toss-Up' If Ex-Goldman Banker Will Cop To Insider Trading

    Counsel for a former San Francisco-based Goldman Sachs investment banker accused of scheming with a South Korean friend to execute hundreds of illegal trades told a New York federal judge Wednesday his client may resolve the charges with a plea prior to a scheduled February trial.

  • September 5, 2018

    NJ Atty Who Stole From Elderly Consents To Disbarment

    A New Jersey attorney and radio host who copped to stealing millions from elderly clients, some of whom suffered from dementia and had no close relatives to guard their interests, has agreed to disbarment, according to a state Supreme Court order made public Tuesday.

  • September 5, 2018

    SFO Can't Narrow Privilege Protections In Landmark Ruling

    A London appeals court ruled Wednesday that documents prepared for international mining company ENRC during an internal investigation are protected by legal privilege, rejecting the Serious Fraud Office's efforts to demand the materials for a criminal corruption and bribery probe.

  • September 4, 2018

    Feds Fight Claim That Expert Witness Double-Crossed Insys

    A doctor accused by the founder and several former top executives at opioid manufacturer Insys Therapeutics Inc. of double-crossing them by agreeing to testify for the government at their upcoming racketeering trial after speaking with their lawyers should still be able to take the stand for prosecutors, the government told a Massachusetts federal judge Tuesday.

Expert Analysis

  • 3 Top E-Discovery Case Law Lessons Of 2018 (So Far)

    Casey Sullivan

    The blockbuster e-discovery cases, with big sanctions and bigger controversies, have been few and far between this year. But that doesn’t mean the legal questions around e-discovery have been answered. Let’s take a closer look at three cases worthy of our attention, says Casey Sullivan, an attorney at discovery technology provider Logikcull.

  • The 1st Judicial Finding That Digital Tokens Are Securities

    Deborah Meshulam

    A Florida magistrate judge's finding last month that tokens issued and sold by technology startup Centra Tech are investment contracts could serve as a road map for the evaluation of token sales in other cases, say attorneys with DLA Piper.

  • Another Decision In Goldman Code Theft Case

    Jonathan Waisnor

    The Aleynikov case demonstrates that employees who attempt to use the proprietary source code of their former employers without authorization may face not only the risk of civil liability, but also prosecution under local criminal statutes. And they could also face liability under the recently expanded federal Economic Espionage Act, says Jonathan Waisnor of Willkie Farr & Gallagher LLP. 

  • Opinion

    Law Schools Must Take A Stand Against Mandatory Arbitration

    Isabel Finley

    Later this week, Harvard Law students will begin bidding on interview slots with the nation’s top law firms. Our institutions owe it to their students not only to require firms to disclose mandatory arbitration provisions in new associate contracts, but also to bar employers from on-campus recruiting if they require these provisions, says Isabel Finley, a third-year student at Harvard Law School and president of the Harvard Women’s Law Association.

  • Series

    High Crimes And Misdemeanors: 'Manifest Injury' Is Key

    Barbara Radnofsky

    Under the U.S. Constitution, impeachment requires no charging of crime, no intent to do wrong and no lawbreaking. Rather, impeachment focuses on significance of effect. President Bill Clinton's 1998 impeachment was a clear demonstration of the differences between criminal and impeachment prosecution, says attorney Barbara Radnofsky.

  • Series

    High Crimes And Misdemeanors: A View From The #MeToo Era

    Elizabeth Rapaport

    The #MeToo movement has called attention to something that feminists avoided focusing on during the impeachment of President Bill Clinton — something the law is not very good at capturing. “Consent” may be obtained under varying kinds and degrees of coercive conditions. And it can be refused at a high cost, says Elizabeth Rapaport of the University of New Mexico School of Law.

  • Series

    High Crimes And Misdemeanors: Impeachment Isn't A Trial

    David O. Stewart

    The U.S. Constitution specifies that a president can only be impeached for “high crimes and misdemeanors.” A comparison of the two presidential impeachments to date suggests that the logistics of the process are fluid and unpredictable, says David O. Stewart, who was defense counsel during the U.S. Senate impeachment trial of Judge Walter Nixon.

  • Myths And Facts About Using TAR Across Borders

    John Tredennick

    Many legal teams involved in cross-border matters still hesitate to use technology assisted review, questioning its ability to handle non-English document collections. However, with the proper expertise, modern TAR can be used with any language, including challenging Asian languages, say John Tredennick and David Sannar of Catalyst Repository Systems.

  • The Path To Restitution After Lagos

    Shannon Murphy

    While the U.S. Supreme Court's decision in Lagos eliminated the traditional way that many corporate victims recouped investigation costs, there still may be ways for at least a subset of those costs to be recovered, say Shannon Murphy and Steven Grimes of Winston & Strawn LLP.

  • What 'Commercial Scale' Means In IP Trade Agreements

    Tran Manh Hung

    The “commercial scale” threshold for intellectual property-related criminal offenses appears in important international agreements. However, there has not been a consensus on the understanding of the term, which leaves a wide and opaque margin for interpretation by countries, judges and lawyers, say Tran Manh Hung and Hoang Ngoc Quan of Baker McKenzie.