White Collar

  • August 9, 2017

    Ex-Gottex Accountant Gets Over 4 Years For Stealing $3.5M

    A former office manager and accountant for the American arm of European hedge fund Gottex Fund Management was sentenced to four years and three months in prison Wednesday for stealing $3.5 million from his employer.

  • August 9, 2017

    Doctor At Heart Of $374M Medicare Fraud Gets 35 Years

    A Texas doctor described by federal prosecutors as a “menace” who orchestrated a $374 million Medicare fraud — the single largest in the country’s history — was sentenced Wednesday to 35 years in prison, a term the judge said he intended to be an effective life sentence.

  • August 9, 2017

    Mueller Made $3.4M At WilmerHale Before Russia Probe

    Robert S. Mueller III made over $3.4 million in 2016 and 2017 as a partner at WilmerHale prior to his appointment in May as special counsel overseeing the probe into potential ties between the Trump presidential campaign and Russia, according to a financial disclosure form made public Tuesday.

  • August 9, 2017

    Law Profs Urge NY’s Top Court To Take On $10B Saudi Appeal

    Experts in New York state civil procedure said Wednesday that a New York appellate court incorrectly dismissed a Saudi contractor’s $10 billion fraud suit against Barclays PLC by misinterpreting the state’s standards for when a case is filed too late.

  • August 9, 2017

    Jackson Walker Adds 4 Andrews Kurth Partners In Texas

    Jackson Walker LLP announced Wednesday it has hired four former Andrews Kurth Kenyon LLP partners who practice in the areas of energy, white collar, intellectual property and real estate to join its Texas offices in Houston, Dallas and Austin.

  • August 9, 2017

    TV Tout In $131M ForceField Stock Fraud Gets 15 Months

    A New York federal judge on Wednesday sentenced a stock promoter and trader who took to the airwaves — and took a kickback — to tout ForceField Energy Inc. to 15 months in prison, saying that the trader, motivated by greed, fooled himself into believing there was nothing wrong with his conduct.

  • August 9, 2017

    Rising Star: Farella Braun's Jessica Nall

    Farella Braun & Martel LLP's white collar chair Jessica Nall has gotten executives at Samsung and Hitachi cleared of price-fixing and currently represents individuals in the Yahoo breach investigation, making her one of five white collar attorneys under age 40 chosen as Law360's Rising Stars.

  • August 9, 2017

    CMS Insider Trading Cooperator Settles Case With SEC

    A former analyst at Deerfield Management Corp. who pled guilty to criminal charges relating to a scheme to trade on tips from an insider at the Centers for Medicare & Medicaid Services has agreed to help the U.S. Securities and Exchange Commission with its related investigation.

  • August 9, 2017

    DC Circ. Orders Judge's Recusal In 9/11 'Mastermind' Case

    The D.C. Circuit on Wednesday ruled that a judge overseeing the military commission of Khalid Shaikh Mohammad, the man accused of planning the 9/11 attacks, must be disqualified from the case over public statements he had made regarding Mohammad’s purported guilt.

  • August 9, 2017

    Ex-Blackwater Guard Seeks Release After DC Circ. Win

    A Blackwater guard convicted of murder over a 2007 shooting in Iraq asked the D.C. Circuit on Tuesday to release him from prison since the appellate court ordered a new trial over the allegations, arguing that he has already served three years and he should “promptly be restored his freedom pending a new trial.”

  • August 9, 2017

    FBI Raided Manafort Home In Russia Probe

    FBI agents have raided a home owned by Paul Manafort, the former campaign chairman for President Donald Trump, a spokesman for Manafort confirmed on Wednesday amid reports that the search sought financial records in the probe into Russian election meddling.

  • August 9, 2017

    Menendez's Dismissal Bid Over McDonnell Must Await Trial

    A New Jersey federal judge on Wednesday said Sen. Bob Menendez must go to trial before the court renders a decision on the senator's bid to toss his corruption charges on the grounds that the allegations fall short of the narrow definition of “official acts” set by the U.S. Supreme Court’s landmark McDonnell decision.

  • August 9, 2017

    Judge Tees Up Jury Charge In 'Top Chef' Extortion Case

    A Massachusetts federal judge said Wednesday that he would focus a panel of jurors on whether a group of renegade Teamsters tried to force "Top Chef" producers into giving them additional jobs on their set.

  • August 9, 2017

    8th Circ. Rejects Row Over $381K Muni Settlement Shortfall

    The Eight Circuit on Tuesday rejected a renewed effort by lenders to make law firm Armstrong Teasdale LLP and bond underwriter Morgan Keegan & Co. pay $381,000 that was allegedly left out of a settlement over a fraudulent municipal bond offering tied to a sweetener factory.

  • August 8, 2017

    Toyota Clears Acceleration Defect Hurdle As Monitoring Ends

    Toyota Motor Corp. closed a chapter Tuesday in the saga over claims it hid acceleration defects, when the government said in New York federal court that the monitoring period laid out in a $1.2 billion deferred prosecution agreement in 2014 had come to a close.

  • August 8, 2017

    7th Circ. Spoofing Decision Buoys Gov't Crackdown

    The Seventh Circuit’s unanimous decision Monday to uphold the conviction of Michael Coscia for a market manipulation tactic known as “spoofing” is a landmark ruling that removes questions about the constitutionality of the law banning such conduct, strengthening government efforts to crack down on the practice, experts said Tuesday.

  • August 8, 2017

    8th Circ. Backs Financial Adviser's 25-Year Sentence

    An Eighth Circuit panel on Tuesday affirmed a 25-year prison sentence for a Minnesota financial adviser who stole more than $10 million over seven years in a Ponzi scheme that involved dozens of clients, finding that the lower court correctly applied sentencing enhancements based on his scheme’s sophistication and his violation of securities law.

  • August 8, 2017

    Ex-Fiat Chrysler Analyst Pleads Guilty In Union Payoff Scheme

    A former Fiat Chrysler Automobiles US LLC financial analyst pled guilty Tuesday in Michigan federal court to criminal charges of participating in a scheme to divert more than $4.5 million from a training fund to pay off United Automobile Workers executives and others in cash and gifts.

  • August 8, 2017

    Texas Sen. Fights Atty DQ In Frack Sand Fraud Suit

    Texas state Sen. Carlos Uresti, D-San Antonio, told a federal court Monday that his defense counsel in a criminal securities fraud case tied to a fracking sand company was wrongly disqualified for a conflict of interest and should be allowed to remain the lawmaker's attorney.

  • August 8, 2017

    Suspect In Massive JPM Hack Can't Shake SEC Fraud Charges

    A Manhattan federal judge on Tuesday refused to dismiss the U.S. Securities and Exchange Commission's fraud case against Ziv Orenstein, who along with two other suspects is accused of a massive hacking and stock fraud scheme that ensnared JPMorgan Chase & Co. and other financial institutions.

Expert Analysis

  • Weekly Column

    Innovating For Wise Juries: Interim Arguments

    Roy Futterman

    By allowing attorneys to summarize what has just occurred in testimony and how it fits into the wider case narrative, courts can substantially improve juror comprehension through every step of a trial. Yet interim arguments are not practiced regularly, say Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project.

  • Unstructured Data Is Just The Tip Of The Iceberg

    David Turner

    Recent amendments to the Rules of Civil Procedure mean issues like spoliation, sanctions and adverse impacts are focus areas for many attorneys, providers and clients. David Turner of FTI Consulting Inc. discusses the technological best practices regarding preservation and proportionality, as well as the challenges associated with clients' structured data.

  • Petrobras Strikes Heavy Blow Against Use Of Event Studies

    J.B. Heaton

    In Petrobras, the Second Circuit rejected the practice of using statistically unreliable event studies to establish — without consideration of other evidence — that alleged securities fraud had no impact on the stock price of the accused fraudster, says J.B. Heaton of Bartlit Beck Herman Palenchar & Scott LLP.

  • Blockchain's Potential Role In Admissibility Of Website Docs

    Kelce Wilson

    With a properly capable internet browser, legally significant documents that are found on the internet can be trusted to be intact, and therefore likely have greater evidentiary value — provided they had earlier been registered in the right kind of blockchain, says Kelce Wilson, counsel for Tenet3.

  • 5 Questions To Ask Firm Before Accepting A Litigation AFA

    Gregory Lantier

    Outside counsel experienced with alternative fee arrangements will have many war stories regarding successful — and less successful — fee arrangements. Asking outside counsel to share these experiences can provide useful insight into the strength of a proposed AFA, say attorneys with WilmerHale.

  • Takeaways From 2nd Circ.'s Petrobras Ruling

    Brad Karp

    The Second Circuit’s decision last week in Petrobras has significant implications for litigation concerning securities that are traded in the over-the-counter market. Litigation involving debt securities is particularly likely to be affected, say attorneys with Paul Weiss Rifkind Wharton & Garrison LLP.

  • The Risks In Making A Ransomware Payment

    John Reed Stark

    For many ransomware victims, paying the ransom can become the proverbial best worst option. But is it legal? There is little specific legal authority on the subject, so the legalities of payment and negotiation with ransomware attackers are worthy of some analysis, says John Reed Stark, president of John Reed Stark Consulting LLC.

  • Opinion

    Why You Should Argue Your Appeal

    Stewart Milch

    Conventional wisdom says that oral argument is a mere formality; that in courts where judges read briefs in advance, their minds are made up and will rarely — if ever — change. But conventional wisdom notwithstanding, oral argument can be critical, says Stewart Milch of Goldberg Segalla LLP.

  • 6 Ways Teaching A Law School Class Can Benefit Lawyers

    Steven Allison

    Though teaching a law school class may be one of the last things on a busy practitioner's to-do list, it's a misconception that teaching will benefit only those who are looking to leave the practice of law and enter academia. It also offers several practical benefits, especially for more junior lawyers looking for stand-up experience, say Steven Allison and Samrah Mahmoud of Crowell & Moring LLP.

  • Early Lessons From The DOJ Auto Parts Investigation

    Jon Tomlin

    Over the past six years, the U.S. Department of Justice has announced a steady flow of guilty pleas for price-fixing of automotive parts in what has been called the largest criminal antitrust investigation in U.S. history. The information contained in plea agreements reached thus far offers a “sneak peek” into what future economic research may reveal, say Jon Tomlin and Chris Ring of Navigant Consulting Inc.