As countries around the world are adding and beefing up antitrust leniency programs, in which companies can receive immunity from fines and prosecution in exchange for cluing in governments to anti-competitive behavior, businesses are questioning whether the programs are worth the sometimes enormous time and resources involved.
The Third Circuit on Friday upheld a 12-year prison sentence for a Pennsylvania man who was accused of defrauding investors with false claims of owning more than a billion dollars worth of oil and attempting to file for bankruptcy with false petitions.
A D.C. federal judge on Friday granted the Financial Crimes Enforcement Network’s bid to cement the exclusion of a Tanzanian bank from the U.S. financial system over money laundering allegations, saying that after two prior freezes of the rule, “the third time really is the charm.“
Brooklyn federal prosecutors on Friday charged a CEO of a company supposedly developing a marijuana breathalyzer, a Philadelphia attorney, a barred broker and an anti-money laundering consultant of teaming up to commit a $2 million market manipulation and launder the proceeds.
Wal-Mart Stores Inc. asked an Arkansas federal judge on Thursday to refuse investors' request for secret documents related to an internal corruption probe at the retailer's Mexican unit, saying the frustrated plaintiffs are trying to “piggyback” on work Wal-Mart's attorneys did in anticipation of lawsuits.
An HSBC Bank PLC unit has agreed to pay over $2.1 million to settle a qui tam False Claims Act suit alleging the bank tried to get reimbursed for loans made through a federal small-business lending program while knowing they were based on false information, Manhattan federal prosecutors said Friday.
The government’s prosecution of an ex-Sutherland Asbill & Brennan attorney who allegedly stole $2 million from an elderly client was put on hold Thursday, as a Georgia federal court gave 76-year-old Bennett Kight 30 days to prove claims that he’s unfit to stand trial because he suffers from dementia.
Manhattan U.S. District Judge Jed S. Rakoff has denied a motion by former Herrick Feinstein LLP tax partner Harold Levine to dismiss criminal charges of obstructing the IRS and pocketing more than $3 million of fraudulent income.
The Fifth Circuit on Thursday upheld a 36-month prison sentence for the owner of a salon equipment company who copped to a tax fraud charge, finding that a Texas federal court had backed up its conclusion that the owner also likely structured his bank deposits to avoid reporting requirements.
A Florida federal judge signed off on a $2 million forfeiture by the former CEO of Miami-based Carlisle Development Group accused of defrauding the government of $36 million meant for building low-income housing.
A former Massachusetts state representative was charged Thursday with hiding $2.5 million in cash during his sentencing for embezzling hundreds of thousands dollars in federal transportation funds.
An Indian national who was among 55 individuals indicted in a massive call center fraud, involving impersonating tax and other officials to extract hundreds of millions of dollars from victims nationwide, has pled guilty to his role and agreed to be deported post-sentencing, federal prosecutors said Friday.
Drug restocking company Guaranteed Returns and two of its executives have hired Sharon Cohen Levin, a WilmerHale attorney who formerly oversaw asset recovery in the Southern District of New York for 19 years, to contest prosecutors' $181 million forfeiture attempt after their conviction.
Federal antitrust prosecutors are investigating Baxter International over saline shortages, the health care company said Friday, adding attention to an issue that has already drawn questions from a state attorney general and sparked lawsuits.
A Connecticut federal judge has granted a bid by the U.S. Securities and Exchange Commission to force convicted Ponzi schemer Francisco Illarramendi to pay almost $27 million, saying his guilty plea in a related criminal case supports the SEC’s victory in its civil suit.
The former U.S. Attorney for the Southern District of Alabama has joined local firm Maynard Cooper & Gale PC as a partner in its litigation and white collar practices, the firm announced on Friday.
A Manhattan federal judge froze assets in two accounts that the U.S. Securities and Exchange Commission said Friday belong to an unknown trader or traders who took $1 million in profit on insider knowledge of Liberty Interactive Corp.'s $1.12 billion purchase of General Communication Inc.
Embattled former sheriff Joe Arpaio, facing contempt charges for allegedly flouting orders to stop profiling Latinos during traffic stops, has added a high-profile name to his witness list: Attorney General Jeff Sessions.
When classified information gets leaked, most of the focus and the possible consequences fall on the person who disclosed the material — but when that person is an employee of a government contractor, the company could find itself facing the potentially devastating legal fallout as well.
Federal prosecutors announced Thursday that they have charged the founder of a renewable energy company in Minnesota with mail and wire fraud in a multimillion-dollar scheme, saying he falsely represented that the company would build and maintain wind energy turbines on people's land.
The English High Court's recent RBS decision has major implications for the way in which internal investigations with any connection to the U.K. are to be conducted and recorded, say Mary Pat Brown and David Foster of O’Melveny & Myers LLP.
A John Doe summons may be used to obtain information and records about a class of unidentified taxpayers if the IRS has a reasonable belief that they are engaged in conduct violating U.S. laws. Taxpayers with undisclosed offshore assets are advised to take advantage of IRS voluntary disclosure options, as the agency continues to crack down on tax evaders, says Matthew Lee of Fox Rothschild LLP.
For decades, law firms have taken on considerable expense to acquire or rent opulent office space, often with the intention of signaling seriousness and reliability to their clients. But more recently, solo practitioners and established firms alike have started breaking tradition, says Philippe Houdard, co-founder of Pipeline Workspaces.
Over the past year, we have seen an increase in requests from U.S. Department of Justice prosecutors for companies to defer interviewing their employee witnesses until after the government has had an opportunity to do so. These “deconfliction” requests raise a number of issues for companies who want to cooperate with the government’s investigation, say Lanny Breuer and Mark Finucane of Covington & Burling LLP.
If today’s law firms are willing to rethink their perceptions of millennials, they may see greater success in attracting and retaining new talent by giving the younger generation the kind of retirement planning benefits they want and need, says Nathan Fisher of Fisher Investments.
Many aspects of the whistleblower retaliation case against Bio-Rad Laboratories brought by former general counsel Sanford Wadler — including Wadler’s sizeable recovery and a series of plaintiff-friendly decisions — bring to the forefront significant issues relevant to public companies, directors and other corporate stakeholders, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
The cases challenging President Donald Trump’s executive orders fit within the established legal framework that limits, but does not preclude, judicial review of such orders, says Steven Gordon of Holland & Knight LLP.
Presidential adviser Kellyanne Conway's TV appearances provide some examples of what lawyers should and shouldn't do when speaking to the media, says Michelle Samuels, a vice president of public relations at Jaffe.
For those who are concerned about overcriminalization, President Donald Trump could not have selected a better U.S. Supreme Court nominee than Judge Neil Gorsuch. Three opinions reveal how he addresses this problem, says John Lauro, founder of the Lauro Law Firm and a former federal prosecutor.
I’m not confident that trying to hold the Trump Organization liable for President Donald Trump’s own constitutional violations will work. But there might be other legal theories under which a state attorney general could argue that Trump-owned companies act unlawfully when they receive emoluments. Consider a core white collar criminal statute — conspiracy to defraud the U.S., says Randall Eliason, a former federal prosecutor.