White Collar

  • June 16, 2017

    NJ Hedge Fund Owner To Face All Counts In 1 Trial

    A New Jersey federal judge has denied a bid from a purported hedge fund owner to sever one count of a four-count indictment alleging he stole $4 million from investors, but the jurist ordered a hearing on his motion to dismiss the indictment over claims the government destroyed evidence.

  • June 16, 2017

    Jurors With Strange Verdict In Meningitis Case To Be ID'ed

    A federal judge in Massachusetts said Friday he will release the names of jurors who convicted a pharmacist of fraud and acquitted him of murder — and indicated, with an unusual series of numbers, how they were voting.

  • June 16, 2017

    Hogan Lovells Expands To Boston, Combines With Collora

    International law firm Hogan Lovells is expanding to Boston by combining with the small but prominent litigation boutique Collora LLP.

  • June 16, 2017

    Ex-InterMune Exec, Friend Must Pay $746K For Insider Trading

    A California federal court on Thursday ordered a former InterMune Inc. director and his friend to collectively pay about $745,600 in disgorgement and interest over their insider trading scheme that capitalized on nonpublic information about the pending approval of InterMune’s lung disease drug.

  • June 15, 2017

    9th Circ. Backs Conviction For Tax Fraudster

    The Ninth Circuit on Wednesday affirmed the fraud conviction of a former Nevada businessman for his role in a scheme to sell a product to small businesses that promised them nonexistent tax credits, finding there was enough evidence to support the conviction.

  • June 15, 2017

    No Rules On Key REIT Metric, Witness Says In Ex-CFO Trial

    A cooperating witness in the prosecution of ex-American Realty Capital Properties Chief Financial Officer Brian S. Block conceded in a New York federal court Thursday that there were no laws, rules or regulations about the reporting of an earnings metric that Block is charged with falsifying in SEC filings.

  • June 15, 2017

    Nixed Enhancements Cut 20 Mos. From Fraudster's Sentence

    An oil and mining investment fraudster who was granted a resentencing by the Second Circuit because of incorrectly applied enhancements had 20 months shaved off his 10-year sentence by a New York federal judge on Thursday.

  • June 15, 2017

    Feds Lodge Narrowed Indictment Against 3 In FIFA Case

    Federal prosecutors filed a new superseding indictment Thursday in New York in the FIFA corruption case against the former presidents of the South American soccer confederation and the federations for Brazil and Peru as the case moves toward a November trial.

  • June 15, 2017

    Pence Taps McGuireWoods Chairman For Russia Probe

    Vice President Mike Pence hired McGuireWoods LLP chairman and white collar criminal defense pro Richard Cullen to assist him in inquiries arising from special counsel Robert S. Mueller III’s investigation into purported Russian interference in the 2016 presidential election, according to reports Thursday.

  • June 15, 2017

    Feds Seek To Seize $1.9M From Chinese Co. Tied To N. Korea

    The U.S. government announced a civil forfeiture action on Thursday targeting $1.9 million from a Chinese company that prosecutors say laundered money for a banned North Korean bank and helped telecommunications company ZTE Corp. evade sanctions.

  • June 15, 2017

    Mother, Daughter Get Over 11 Years For $20M Medicare Plot

    A mother and daughter were each sentenced to more than 11 years in prison Wednesday in Florida federal court for orchestrating a $20 million Medicare fraud scheme through seven home health care agencies they secretly owned and operated, the U.S. Department of Justice announced.

  • June 15, 2017

    DOJ Asked To Consider Clawing Back 3rd-Party Donations

    The Senate Judiciary Committee chairman has asked the U.S. Department of Justice to research whether or not it can force third parties to cough up settlement money after the DOJ eliminated an Obama policy that saw banks fund homeowner assistance groups in subprime mortgage settlements with the government.

  • June 15, 2017

    Gov’t Goes After Another $540M In Assets In 1MDB Scheme

    The federal government dramatically expanded its efforts to seize assets linked to a sprawling corruption scheme surrounding the sovereign wealth fund 1Malaysia Development Bhd. on Thursday, asking a California federal court for permission to seize $540 million worth of goods including a $250 million yacht, a Picasso painting and jewelry given to the supermodel Miranda Kerr and the wife of a top Malaysian government official.

  • June 15, 2017

    Judge Won't Toss Suit Against GE Capital Over $3.6B Scheme

    A Florida bankruptcy judge on Thursday denied General Electric Capital Corp.'s bid to escape a suit alleging it participated in the $3.6 billion Ponzi scheme orchestrated by Tom Petters, paving the way for the claims to go to a jury.

  • June 15, 2017

    Ex-Pa. Doctor Sentenced To 25 Years For Running A Pill Mill

    A former doctor who once ran two Philadelphia-area practices was sentenced to 25 years in prison Wednesday, six months after a jury found him guilty of running a pill mill and causing the death of a patient, the U.S. Department of Justice said Thursday.

  • June 15, 2017

    Iran-Linked Charity Knocks US Witness In $1B Asset Fight

    The Iran-linked charity fighting a billion-dollar U.S. government asset seizure effort got a key informant to tell jurors Thursday that his personal knowledge of the affairs of a real estate partnership at the heart of the case was before when prosecutors say the charity violated sanctions against Tehran.

  • June 15, 2017

    Ex-Swiss Banker Latest To Fall In FIFA Corruption Crackdown

    A former banker for Swiss bank Julius Baer and Credit Suisse Group on Thursday admitted in New York federal court to taking part in a money laundering scheme by facilitating bribes to the late president of the Argentinian soccer federation and others, the latest guilty plea in the sprawling FIFA corruption dragnet.

  • June 15, 2017

    Japanese Prosecutors To Probe Takata, Nissan Employees

    Japanese prosecutors will be looking into whether Takata Corp. and Nissan Motor Co. safety officials were professionally negligent in a 2015 accident in which a recalled Takata air bag ruptured in a Nissan car and injured a woman, according to a media report Thursday.

  • June 15, 2017

    Pharmacist Says Feds’ Misconduct Taints Meningitis Case

    Federal prosecutors and attorneys for the Massachusetts pharmacist convicted of racketeering in the 2012 meningitis outbreak traded increasingly personal barbs Thursday as the defendant, pointing to what he sees as government misconduct, asked a judge to toss the case or give him a new trial.

  • June 15, 2017

    Jury Delivers Single Conviction In Nomura RMBS Fraud Case

    A Connecticut federal jury Thursday found a former supervisor on Nomura's residential mortgage-backed securities desk guilty of one conspiracy count linked to a secret commission allegedly tacked onto transactions, but rendered not-guilty verdicts on most charges against him and two others and hung on a smattering of counts, according to federal prosecutors.

Expert Analysis

  • FINRA’s Foray Into Insider Trading

    Benjamin Kozinn

    Based on a recent multiyear case against a distressed debt trader, the Financial Industry Regulatory Authority seems ready, willing and able to take a more prominent role in insider trading, say attorneys with Lowenstein Sandler LLP.

  • Gov't Nonintervention In Agape And Future FCA Cases

    Joshua Hill

    The Fourth Circuit's recent Agape decision is a reminder that the government’s nonintervention in a False Claims Act case should not be mistaken for government disinterest, says Joshua Hill of Morrison & Foerster LLP.

  • The 9-Year Winning Streak Of Virginia ‘Rocket Docket’

    Bob Tata

    Out of 94 district courts, the Eastern District of Virginia has been the fastest civil trial docket in the country for nine straight years. Without micromanaging the process, the EDVA's judges, magistrate judges, and clerks and staff continue to perform at a stunningly efficient level, says Bob Tata of Hunton & Williams LLP.

  • No Contractor Liability For False Statement Gov't Didn't See

    Joseph Barton

    Aggressive prosecutors could argue that a Section 1001 violation is complete as soon as a falsified record is entered into a government contractor’s internal database — even if the contractor rectifies the situation before the record is actually presented to the government. But two cases provide contractors with a ready counterpoint, say Joseph Barton and Laura Alexander of Sheppard Mullin Richter & Hampton LLP.

  • Opinion

    Let's Talk About Half-Hearted Innovation

    Michael Moradzadeh

    Allowing attorneys to telecommute may seem like a great fix for law firms. But without significant changes to the firm's culture, telecommuting is just a patch applied to the problem of attrition, says Michael Moradzadeh, founding partner of Rimon PC.

  • How To Reduce Cost Of UK Deferred Prosecution Agreements

    Jonathan Middup

    When combined, the penalties of all agreed-to deferred prosecution agreement settlements in the United Kingdom total roughly 530 million pounds, but public fines are often just the tip of the iceberg. Though a good compliance program may be the best defense against corporate wrongdoing, executives should nonetheless take steps to cooperate with prosecutors and embrace independent scrutiny, says Jonathan Middup of Ernst & Young LLP.

  • Will Corporate Monitor Reports Become Public?

    John Wood

    If independent compliance monitorships are to remain an important part of how the U.S. government resolves corporate investigations, it is imperative that courts eliminate recent uncertainty and protect monitor reports from public disclosure, says John Wood, a partner at Hughes Hubbard & Reed LLP and former U.S. attorney for the Western District of Missouri.

  • 10 Tips For Creating Winning Trial Visuals

    Kerri Ruttenberg

    Effective visuals require effective design. In her new book, "Images with Impact: Design and Use of Winning Trial Visuals," published by the American Bar Association, trial lawyer and Jones Day partner Kerri Ruttenberg discusses how to design and use visuals to help viewers understand, believe and remember the messages being conveyed.

  • Roundup

    Counsel To Counsel: Insights From Law Firm GCs

    Icon

    General counsel at four law firms share the biggest issues they face in an increasingly complex legal environment.

  • Problems In High Court Ruling On Restitution Appeals

    Harry Sandick

    The U.S. Supreme Court's Manrique decision, along with a recent Second Circuit decision, seems to suggest that the federal appellate courts prefer a regime in which litigants must be constantly filing appeals concerning the amount of restitution. This seems to impose unnecessary burdens on litigants and the appellate courts, say Harry Sandick and Clint Morrison of Patterson Belknap Webb & Tyler LLP.