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White Collar

  • June 14, 2019

    Feds Say Centra Crypto Trio May See Attys As Shield

    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.

  • June 14, 2019

    Convicted Ponzi Schemer To Pay $3M To Settle SEC Claims

    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.

  • June 14, 2019

    Prenda 'Porn Troll' Attorney Sentenced To 14 Years

    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.

  • June 14, 2019

    UK Litigation Roundup: Here's What You Missed In London

    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.

  • June 14, 2019

    China-Owned NY Broker-Dealer Admits To Antitrust Violation

    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.

  • June 13, 2019

    Man Charged With $4.7M Sanofi Insider Trading Scheme

    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.

  • June 13, 2019

    Prosecutors Add More Execs, Claims In Abraaj Criminal Suit

    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."

  • June 13, 2019

    Leader In $500M Tax Scam Can Await Trial In Jail: 10th Circ.

    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.

  • June 13, 2019

    Litigation Funder Can't Recoup $5.8M From Deepwater Claims

    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.

  • June 13, 2019

    Crypto Co. Investors Seek Class Certification In Fraud Suit

    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.

  • June 13, 2019

    Mich. Prosecutors Drop Flint Charges, Restart Investigation

    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.

  • June 13, 2019

    Bipartisan Reps Take Another Stab At 'Hack-Back' Bill

    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.

  • June 13, 2019

    NY Regulator Looks To Extend Deutsche Bank Monitorship

    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.

  • June 13, 2019

    Ex-Theranos Execs' Bid For Docs Is Unreasonable, Feds Say

    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.

  • June 13, 2019

    Atty Can't Nix $18M Tax Evasion Row Over Stalling Claims

    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.

  • June 13, 2019

    Calif. Rep.'s Wife Pleads Guilty In Campaign Fund Case

    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.

  • June 13, 2019

    NY Wholesaler Pleads Guilty To Fake Military Gear Charges

    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.

  • June 13, 2019

    Crooked Fund CEO Demoted Me, Finance Pro Tells Jury

    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.

  • June 13, 2019

    DOJ Extends Wire Act Grace Period Through End Of Year

    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.

  • June 13, 2019

    UK Signs US Extradition Request For Julian Assange

    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.

  • June 12, 2019

    UCLA Gynecologist Accused Of Sexual Assault By Patient

    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.

  • June 12, 2019

    StarKist Says $100M Fine For Tuna Price-Fixing Is Too High

    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.

  • June 12, 2019

    Wall St. Cop Stakes Its Turf In 1st Crowdfunding Decision

    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.  

  • June 12, 2019

    San Francisco DA To Use AI To Curtail Racial Bias In Charges

    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.

  • June 12, 2019

    Calif. Rep.'s Wife To Change Plea On Campaign Fund Charges

    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.

Expert Analysis

  • The Uncertain Future Of Gov't Investigations Post-Deutsche

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    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.

  • Dehumidifier Case Offers Guidance On CPSA Compliance

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    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.

  • The SEC's Looming Initial Exchange Offering Sweep: Part 2

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    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.

  • The SEC's Looming Initial Exchange Offering Sweep: Part 1

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    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.

  • Opinion

    Millennials Are Pushing Back Against Law Firm Sexism

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    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.

  • 3 Law Firm Business Tactics To Support A Niche Practice

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    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.

  • Real-Life Lessons For Lawyers From 'Game Of Thrones'

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    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.

  • The True Definition Of A Whistleblower Claim

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    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.

  • 5 Tips To Help Your Summer Associates Succeed

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    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.

  • Keys To Communicating A Law Firm's Mission

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    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.

  • High Court Remains Supportive Of Tribal Treaty Rights

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    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.

  • Tips For Using DOJ Guidance In A Compliance Program

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    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.

  • US Cos. With Foreign Affiliates Should Note OFAC Settlement

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    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.

  • Opinion

    How Lawyers Can Help Save The Planet

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    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.

  • Opinion

    IRS Should Use Tax Law To Combat The Opioid Epidemic

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    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.

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