Prosecutors asked a Manhattan federal judge on Friday to order three men accused of defrauding investors in their Centra Tech cryptocurrency payment platform to reveal whether they plan to argue at trial that their actions were blessed by lawyers.
A Virginia federal judge on Thursday ordered an investment firm owner, who has been sentenced to spend the next 13 years in prison for running a Ponzi scheme of at least $5 million, to also shell out more than $3 million to settle U.S. Securities and Exchange Commission claims in the case.
Paul Hansmeier, a former attorney who filed thousands of copyright suits over pornography in an elaborate scheme known as Prenda Law, was sentenced Friday to 14 years in prison.
The last week has seen Citibank, ING and a number of other banks sue Sudan and the country's central bank, a London derivatives broker file an appeal against a rival that's accused it of poaching employees and foreign exchange specialists Monex sue two former workers. Here, Law360 looks at those and other new claims in the U.K.
A broker-dealer owned by the Industrial and Commercial Bank of China Ltd. pled guilty Friday to rigging bids for American depositary receipts, agreeing to pay a $3.26 million fine after a Manhattan federal judge cited its "substantial assistance" in an ongoing antitrust investigation.
A Swiss businessman has been charged in the U.S. with insider trading ahead of Sanofi SA's acquisition of Bioverativ Inc. last year in an alleged get-rich-quick scheme that netted cash and stock options worth $4.7 million, prosecutors announced on Thursday.
A New York federal judge unsealed an indictment Wednesday adding three Abraaj Group executives and more than a dozen new claims to a lawsuit over what prosecutors called the "largest collapse of a private equity firm in history."
A man awaiting trial without bail in a $511 million tax fraud case must remain in prison even though he has been there longer than federal statutes guaranteeing a speedy trial state, the Tenth Circuit said Thursday.
A litigation funding company that lost a $5.8 million investment in mass tort claims stemming from the Deepwater Horizon disaster can't revive its claims that prominent plaintiffs' firm Watts Guerra LLP wasn't diligent in signing up potential clients, a Texas appellate court ruled.
Investors in the now-defunct cryptocurrency company Centra Tech urged a Florida federal court to certify their class in a suit accusing Centra of faking licensing agreements with major credit card companies to solicit investment in its $32 million initial coin offering.
Michigan prosecutors working on Flint's lead-contaminated drinking water disaster on Thursday said an earlier criminal investigation was inadequate and called out the previous prosecutors for allowing Varnum LLP, Dykema Gossett PLLC and Warner Norcross + Judd LLP to have a say in what evidence state agencies turned over.
A bipartisan pair of lawmakers on Thursday reintroduced legislation that would carve out a legal path for companies to hack back into the networks of their alleged attackers — as long as they alert authorities and follow a set of rules.
New York’s top financial services regulator isn’t yet satisfied with Deutsche Bank’s progress on strengthening its anti-money laundering compliance programs under a 2017 consent order and is moving to keep an outside monitor at the bank for longer, Law360 confirmed Thursday.
Prosecutors urged a judge on Wednesday to reject a bid by two former Theranos executives to make prosecutors go hunting through other agencies' files, saying that they’ve already persuaded the agencies to help the pair and that a court order on the issue would set a bad precedent.
A federal judge rejected an attorney's request to dismiss allegations that he repatriated more than $18 million in untaxed earnings, saying additional time granted to the U.S. did not violate his right to a speedy trial.
Margaret E. Hunter, the wife of U.S. Rep. Duncan D. Hunter, pled guilty on Thursday and agreed to cooperate with prosecutors in a case in California federal court accusing her and her husband of using more than $250,000 in campaign funds to pay for personal expenses.
A wholesaler from Brooklyn has pled guilty in Rhode Island federal court to charges stemming from the peddling of $20 million worth of phony, Chinese-made uniforms and gear to the U.S. military and government, the Department of Justice said Thursday.
A career finance pro told Manhattan jurors Thursday that the CEO of Premium Point Investments became angry and demoted him when he complained about what he called rampant overvaluing of mortgage-debt assets at the now-bankrupt hedge fund.
The U.S. Department of Justice said it won't enforce the Wire Act beyond its provisions against sports betting through the end of the year after a New Hampshire federal judge shot down the DOJ's decision to expand the statute to include all types of interstate gambling.
U.K. Home Secretary Sajid Javid has rubber-stamped a request to extradite WikiLeaks founder Julian Assange to the U.S. ahead of a hearing at Westminster Magistrates’ Court on Friday.
A patient of a University of California, Los Angeles, gynecologist accused the doctor of sexual assault, in a complaint filed in California state court Tuesday, hitting the doctor and university regents with a slew of claims.
StarKist Co. told a California federal judge Wednesday that the U.S. Department of Justice's proposed $100 million criminal fine for its role in a multiyear conspiracy to fix prices of canned tuna is too high and could require the tuna company to explore selling off its assets.
The Financial Industry Regulatory Authority recently flexed its power to police crowdfunding websites with a panel's first litigated enforcement action against a funding portal, a move that laid out novel interpretations of the organization’s rules and set up a possible countersuit.
San Francisco's district attorney is hoping artificial intelligence that automatically eliminates race information from police incident reports, likely the first of its kind in the nation, can help prevent implicit bias from seeping into charging decisions made by prosecutors.
Margaret E. Hunter, the wife of U.S. Rep. Duncan D. Hunter, is set to change her not guilty plea in a case accusing her and her husband of using more than $250,000 in campaign funds to pay for personal expenses, according to a Wednesday docket entry.
A New York federal judge's recent decision in the Deutsche Bank Libor-rigging case U.S. v. Connolly threatens to upend decades of established cooperation practice in government investigations, a fact to which the opinion makes only a passing reference, say attorneys at Arnold & Porter.
In a first-of-its-kind criminal prosecution under the Consumer Product Safety Act, the U.S. Department of Justice recently charged corporate executives for failure to report defective dehumidifiers to regulators. The possibility of criminal charges should ratchet up executives' vigilance regarding CPSA reporting requirements, say Holly Drumheller Butler and Dwight Stone of Miles & Stockbridge.
In an initial exchange offering, a cryptocurrency trading platform hosts an offering of another company's digital tokens. But none of the platforms that offer IEOs are registered as securities exchanges with the U.S. Securities and Exchange Commission, and could face dire consequences as a result, says cybersecurity consultant John Reed Stark.
An initial exchange offering is an offering administered by a cryptocurrency trading platform on behalf of a company issuing cryptocurrency tokens. While IEOs have captivated cryptocurrency enthusiasts, they are also capturing the attention of the U.S. Securities and Exchange Commission, says cybersecurity consultant John Reed Stark.
A recent survey of millennial attorneys shows men and women are having very different BigLaw experiences, but share similar goals. It's imperative that partners recognize that they’re the ones in a position to change the culture, says Michelle Fivel of Major Lindsey.
Once you've chosen a strategy for your law firm, what tactics will promote success? There are three tactical areas important to all firms, regardless of specialty or size, but particularly critical for today’s niche firms, say Yussuf Aleem and Jacob Slowik of Joseph Aleem.
What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.
Whistleblower is often misused as a generic term, but it actually has a specific meaning with specific implications that companies must understand when crafting programs to handle both actual and purported whistleblower complaints, says Neil Rosolinsky, deputy general counsel at Citizens Financial Group.
There are a number of ways that attorneys can ensure their summer associates successfully manage critical writing assignments and new types of professional interactions, says Julie Schrager of Schiff Hardin.
Today’s law firm leaders are pretty good at developing a strategic vision for the enterprise, but there is often a disconnect between that road map and the marketing department’s rank and file, leading to a deliverable that does little to differentiate the firm, says José Cunningham, a legal industry consultant.
The U.S. Supreme Court's decision Monday in Herrera v. Wyoming demonstrates the continuing vitality of Indian treaties and may ignite other tribes' efforts to define the scope of their treaty-reserved hunting and gathering rights outside of their reservations, says Rob Roy Smith of Kilpatrick Townsend.
The U.S. Department of Justice's new corporate compliance guidance includes useful questions but should not be used simply as a checklist in assessing a compliance program — the real key is understanding the purpose behind the questions, say Hui Chen, author of the DOJ's 2017 compliance guidance, and Pam Davis, a former DOJ corporate monitor.
A recent sanctions violation settlement between the U.S. Treasury Department's Office of Foreign Assets Control and Stanley Black & Decker and its Chinese subsidiary sets out compliance commitments that U.S. companies with foreign affiliates should use as guidance, say Nevena Simidjiyska and Michelle Rosenberg of Fox Rothschild.
Over a dozen major law firms have joined our effort to overcome the legal obstacles that states, cities and businesses face in fighting climate change. But more lawyers are needed, say Michael Gerrard of Columbia Law School and John Dernbach of Widener University Commonwealth Law School.
The IRS, which enforces anti-trafficking tax laws against state-regulated cannabis businesses, should be fair and apply the same policy against pharmaceutical companies that illegally market their opioids, says Kat Allen at Wykowski Law.