White Collar

  • June 07, 2021

    High Court To Review Courts' Authority Over FBI Spying Intel

    The U.S. Supreme Court on Monday agreed to review the Ninth Circuit's partial revival of a proposed class action alleging the FBI unlawfully surveilled Muslims based on their religious identity.

  • June 04, 2021

    Feds Attack Ex-Theranos CEO's 45-Page Juror Questionnaire

    The 45-page juror questionnaire proposed by ex-Theranos CEO Elizabeth Holmes for her impending fraud trial is "excessive, invasive, and unlikely" to help the California federal court select an impartial jury, federal prosecutors argued.

  • June 04, 2021

    Weight-Loss Surgery Doc Wants To Drop Fraud Indictment

    A physician under indictment on fraud, money laundering and other charges connected to a weight-loss surgery business urged a California federal judge Friday to dismiss the case against him, arguing that the government had wrongly seized millions of dollars in assets, which deprived him of the right to hire counsel of his choosing.

  • June 04, 2021

    Mitchell Silberberg & Knupp Ink $32M Deal For Jay Peak Role

    Mitchell Silberberg & Knupp LLP has agreed to pay $32.5 million to resolve claims from investors and a court-appointed receiver that the law firm and one of its partners breached their fiduciary duty and assisted an EB-5 immigrant investor fraud scheme involving the Jay Peak ski resort in Vermont.

  • June 04, 2021

    US Prosecutors Still Can't Seize Alleged 1MDB Funds

    U.S. prosecutors have again come up short in their bid to seize some $329 million allegedly connected to embezzled 1Malaysia Development Berhad funds after a judge in California ruled on Friday that the government hadn't sufficiently shown how the money was tied to the conspiracy.

  • June 04, 2021

    2nd Circ. Backs Bribery Convictions In NCAA Hoops Scheme

    The Second Circuit on Friday upheld bribery convictions against an aspiring basketball agent and an Adidas marketing consultant stemming from the second trial in New York federal prosecutors' college basketball corruption probe, but it said jurors should not have been given an instruction that may have undermined one of the defendant's credibility on the stand.

  • June 04, 2021

    Revolving Door Roundup: Jones Day, WilmerHale, Dechert

    Two Trump-appointed U.S. attorneys landed at new firms, while WilmerHale, Jones Day and Dechert LLP snapped up senior officials from the U.S. Department of Justice, including the former head of the department's anti-corruption unit. Here's a look at some of the latest moves from government to private practice.

  • June 04, 2021

    Judge Backs Contempt If Unregistered Agent Doesn't Pay SEC

    A federal magistrate has recommended that a Florida man be given three months to arrange payment of a nearly $900,000 judgment entered against him for allegedly selling unregistered securities of the Woodbridge Group of Companies LLC, which was revealed as a $1.2 billion Ponzi scheme, or be held in contempt.

  • June 04, 2021

    OCC Counsel Alum Joins Murphy & McGonigle

    Murphy & McGonigle has hired an attorney who for more than a decade rose through the ranks of the Office of the Comptroller of the Currency and worked on one of the first financial technology charters that the regulator approved, the firm has announced.

  • June 04, 2021

    Crypto Platform Faces Shutdown After Investor Complaints

    A New York judge on Friday appointed a receiver for unregistered cryptocurrency trading platform Coinseed Inc., and indicated that he would order the company to halt operations following claims it has locked users' accounts and tanked investor portfolios since being sued by state and federal regulators.

  • June 04, 2021

    White House Warns Cos. To Shore Up Ransomware Defense

    The White House has sent an open letter to businesses warning them to take the risk of ransomware attacks more seriously, while the U.S. Department of Justice has issued an internal memo asking prosecutors to prioritize the growing threat.

  • June 04, 2021

    Adjusted Ruling Sends Kickback Claims Against KBR To Trial

    A Texas federal judge changed his mind about his March ruling that KBR violated the False Claims Act when a former employee engaged in a kickback scheme with a subcontractor, saying his decision was premature and part of the case should go to trial.

  • June 04, 2021

    IRS Agent Cops To ID Theft, Fraud

    An IRS special agent on Friday admitted stealing the identity of a person the tax agency had been investigating in order to create bogus identification documents and submitting a false document to the tax agency.

  • June 04, 2021

    Athlete-Threatening Gambler Gets House Arrest, Probation

    A high-rolling sports bettor who threatened to behead athletes whose performances lost him money has been sentenced in a Florida court to six months of house arrest and three years of probation.

  • June 04, 2021

    Judge Pauses Cred Inc. Borrower's Third-Party Ch. 11 Claims

    A Delaware bankruptcy judge Friday gave a two-week pause to a lawsuit by an investment company allegedly swindled out of millions by third parties tied to bankrupt cryptocurrency venture Cred Inc., saying it initially appears that the claims belong to Cred.

  • June 04, 2021

    Feds Warn Of Biotech Exec's Next Stock Scam Without Prison

    A biotech corporate insider who was dinged for a stock promotion scheme and went on to commit criminal insider trading deserves a year in prison to help ensure he doesn't break the law again, prosecutors told a Massachusetts federal judge Friday.

  • June 04, 2021

    Ex-Judge At Bracewell OK'd For Giuliani Privilege Review

    A New York federal judge on Friday agreed to appoint a partner at Rudy Giuliani's old firm to lead a privilege review for materials seized in a raid of his Manhattan apartment.

  • June 04, 2021

    3 More Boston Cops To Plead Guilty In No-Work OT Scam

    Three additional Boston police officers at the department's evidence warehouse will plead guilty to theft charges for collecting overtime pay for hours they didn't work, according to Friday court filings.

  • June 04, 2021

    Manatt Adds Ex-Bird Marella Litigator In Los Angeles

    Manatt Phelps & Phillips LLP has added a litigator previously with Bird Marella Boxer Wolpert Nessim Drooks Lincenberg & Rhow PC who specializes in civil litigation and white collar defense matters as a partner in its Los Angeles office, the firm has announced.

  • June 04, 2021

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

    The past week in London has seen more litigation involving Mozambique and Credit Suisse, Visa and Mastercard hit with new claims over swipe fees and two Woolen yarn companies facing off after a merger unraveled. Here, Law360 looks at those and other new claims in the U.K.

  • June 04, 2021

    Rising Star: Faegre Drinker's Antonio M. Pozos

    Antonio M. Pozos of Faegre Drinker Biddle & Reath LLP represents the first person to publicly plead guilty in a sprawling U.S. Department of Justice bribery probe of Venezuela's state-owned oil company, negotiating a favorable deal for his client and earning him a spot among the white collar lawyers under age 40 honored by Law360 as Rising Stars.

  • June 04, 2021

    FCPA's High Costs May Cause Tightening In D&O Market

    U.S. authorities' recent probing of Toyota for possible Foreign Corrupt Practices Act violations illustrates the heightened enforcement risks faced by corporate policyholders, which could encounter an even harder market for directors and officers insurance, according to legal experts.

  • June 04, 2021

    Vedder Price Bulks Up New Dallas Office With Litigation Pro

    A seasoned litigator has ended her more than 15-year tenure at Jackson Walker LLP to join Vedder Price PC at its new Dallas office, where she will help the firm build out its Texas litigation offerings.

  • June 03, 2021

    High Court Curbs Reach Of Tool Used To Go After Insiders

    The U.S. Supreme Court's narrowing of the Computer Fraud and Abuse Act on Thursday limits the reach of a law that companies have used to punish rogue insiders, and could prompt Congress to update a computer crime statute passed before the birth of the modern internet.

  • June 03, 2021

    Dem Advisory Panel Backs 9 For Fed. Judge, US Atty In Fla.

    A Southern District of Florida advisory panel organized by the state's Democratic U.S. representatives has recommended nine candidates for two federal district judgeships and a U.S. attorney post, including sitting jurists and partners at Akerman, Pillsbury and Holland & Knight.

Expert Analysis

  • How Gov't FCPA Hiring Practices Theory May Pan Out In Court

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    In recent settlements with banks, U.S. authorities have taken the position that providing a job or even an unpaid internship to relatives or friends of foreign officials is a violation of the Foreign Corrupt Practices Act, but it is worth assessing how this theory would fare in individual prosecutions, say attorneys at Debevoise.

  • What OECD Scrutiny Means For Anti-Corruption In Brazil

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    Attorneys at Paul Hastings examine how an unprecedented standing subgroup recently created by the Organization for Economic Cooperation and Development to monitor Brazil's anti-corruption efforts reflects significant uncertainty regarding the country's commitment to enforcement, and what companies can do to address foreign bribery risk and strengthen compliance programs.

  • The Pandemic's Bright Spots For Lawyers Who Are Parents

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    The COVID-19 crisis has allowed lawyers to hone remote advocacy strategies and effectively represent clients with minimal travel — abilities that have benefited working parents and should be utilized long after the pandemic is over, says Chelsea Loughran at Wolf Greenfield.

  • Opinion

    Time To Replace FBI Interview Memos With Digital Recordings

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    As part of his law enforcement reforms, President Joe Biden should retire the Federal Bureau of Investigation's often incomplete and unreliable Form 302 for memorializing agents' witness interview notes and instead mandate digital recording of interviews as a more trustworthy and efficient substitute, says cybersecurity consultant John Reed Stark.

  • Opinion

    Supreme Court Is Right In Limiting Gov't Agency Authority

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    Although the U.S. Supreme Court's recent decisions in Facebook v. Duguid and AMG Capital Management v. Federal Trade Commission limit government agencies' power against robocallers and scam artists, they ultimately protect Americans from the greater threat of government overreach, says Eric Troutman at Squire Patton.

  • Economic Sanctions And Export Controls: A Q1 Update

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    Attorneys at Kirkland discuss first-quarter developments in U.S. export controls and economic sanctions and what they may indicate about the Biden administration's national security and foreign policy agenda. 

  • Opinion

    Revise Mansfield Diversity Mandates To Also Benefit Veterans

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    The well-intentioned efforts and salutary purposes of the legal industry's Mansfield Rule diversity metric are tainted by the Diversity Lab initiative's omission of veterans, who are underrepresented at large law firms and entitled to advantageous treatment based on more than 200 years of public policy, says Robert Redmond at McGuireWoods.

  • AGs To Fill Void As Justices Say FTC Can't Impose Restitution

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    State attorneys general are likely to emerge as even more influential consumer protection enforcers, taking the lead in federal-state restitution partnerships, following the U.S. Supreme Court's determination Thursday in AMG Capital v. Federal Trade Commission that the FTC is not authorized to seek equitable monetary relief, say Alissa Gardenswartz and former Sen. Mark Pryor at Brownstein Hyatt.

  • Crypto Bills Show Consensus On Need For Federal Oversight

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    Several new legislative proposals attempting to clarify the legal framework governing the digital asset space reflect the recognition that cryptocurrencies' rising popularity, rapid pace of change and volatility make federal regulation crucial for protecting investors and promoting innovation, say Jonathan Marcus and Stephanie Cannuli at Skadden.

  • 5th Circ.'s Health Care Fraud Ruling May Help Defendants Broadly

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    The Fifth Circuit's recent decision in U.S. v. Nora, reversing a defendant's health care fraud conviction, highlights the difficulty in proving a defendant's intent and may strengthen myriad defense theories, say Richard Roper and Elissa McClure at Thompson & Knight.

  • Lessons From Key Expert Testimony In Chauvin Trial

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    During the trial of former Minneapolis police officer Derek Chauvin, pulmonologist Martin Tobin gave a gripping account of the cause of George Floyd’s death, engaging jurors in creative ways and bringing five important lessons for lawyers preparing expert witnesses, say Harlan Prater and Logan Matthews at Lightfoot Franklin.

  • What To Expect From FinCEN's Beneficial Ownership Rules

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    The Financial Crimes Enforcement Network's recent request for input on the Corporate Transparency Act's beneficial ownership reporting obligations offers insight into FinCEN's thinking on how to implement them, and suggests the regulator may be considering some unexpected requirements, say attorneys at Morgan Lewis.

  • Using Cryptocurrency To Evade Sanctions Creates New Risks

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    As sanctioned countries and individuals increasingly use cryptocurrency to circumvent restrictions on their access to mainstream international financial markets, companies providing digital currency services need to step up efforts to identify illegal transactions undertaken using their services, say attorneys at Freshfields.

  • Prepare For Global Collaboration In Crypto Tax Enforcement

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    Recent Internal Revenue Service victories involving John Doe summonses served on cryptocurrency exchanges — and statements by the Joint Chiefs of Global Tax Enforcement about global collaboration in cryptocurrency-related tax investigations — should prompt assessment of prior virtual currency transactions and remediation before an enforcement agency shows up at the door, say attorneys at McDermott.

  • Lessons From Federal Fraud Charges Against UBiome

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    The U.S. Department of Justice's and U.S. Securities and Exchange Commission's recent fraud allegations against uBiome executives illustrate the challenges of navigating interactions between clinical testing companies, health insurers and government oversight efforts, say attorneys at Debevoise.

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