A federal receiver appointed in the wake of a massive timber industry scam in Mississippi is seeking more than $3 million in fees after reaching a multimillion-dollar settlement with Butler Snow LLP, which the receiver had accused of furthering the fraud.
An Illinois trader admitted Thursday that he defrauded people close to him out of at least $750,000 by lying about how he would spend and repay their funds while using the money to pay off personal debts and expenses.
Former special counsel Robert Mueller, who supervised the investigation into Russian interference in the 2016 presidential election, will teach a course about that investigation to students at the University of Virginia School of Law, the school confirmed to Law360 on Thursday.
The U.S. Department of Justice is investigating U.S. Postmaster General Louis DeJoy for alleged campaign finance violations tied to donations made by his former employees, a spokesperson for DeJoy confirmed to Law360 on Thursday.
Brazilian state-owned oil company Petrobras could be on the hook for billions of dollars after a Netherlands court gave investors permission to continue a group fraud suit, a litigation group announced on Thursday.
The lead pharmacist for the defunct Massachusetts lab at the center of a deadly meningitis outbreak said Wednesday that a First Circuit ruling shouldn't allow prosecutors to seek to more than double his current eight-year prison term.
The U.S. Supreme Court on Thursday found that a Georgia police officer did not breach federal computer fraud law by overstepping his authorized access to government records, raising concerns that the U.S. Department of Justice's reading of the statute could criminalize innocuous internet activity.
The New York City Bar Association floated a new framework Wednesday that it wants financial regulators including the U.S. Securities and Exchange Commission to follow when weighing enforcement actions against chief compliance officers.
A Florida couple who claimed to be farmers while fraudulently reaping more than $1 million in coronavirus-relief loans were sentenced Wednesday to 18 and 30 months in prison.
Texas Attorney General Ken Paxton has told a Texas appellate court that it should toss a whistleblower lawsuit brought against him by four former top aides alleging they were fired after reporting alleged abuses of power for many reasons, including that he is immune from the claims.
A Massachusetts-based investment adviser has pled guilty to federal criminal charges in a nearly $3 million scheme to defraud investors, taking a deal with prosecutors that requires up to 7½ years in prison, restitution and a fine, according to authorities and federal court filings.
A California real estate investment manager allegedly misappropriated more than $10.3 million from clients before his death last year, the U.S. Securities and Exchange Commission said Wednesday, hitting the manager's estate with a civil suit in federal court.
The former chief financial officer of bankrupt cryptocurrency venture Cred Inc. has one more chance to disclose the amounts and whereabouts of cash and virtual currency under his control before facing possible arrest, a federal judge in Delaware warned Wednesday.
A group of dealerships accused by Hyundai Motor America Corp. of deliberately damaging engines to collect on warranty payments is urging a Florida federal court to sanction the automaker, saying it failed to preserve hundreds of engines that would have been crucial evidence in the case.
Bursor & Fisher PA is seeking the lead counsel spot in a proposed class action against blockchain payment system Ripple Labs in Florida federal court, saying the firm is more than qualified to represent investors accusing the company of fraudulently selling more than 14 billion unregistered XRP tokens.
A Georgia federal judge has sentenced an Atlanta man to more than two years in prison for laundering more than $247,000 from a Delaware law firm, a New Jersey company and homebuyers in Minnesota and Oregon in business email compromise scams.
The U.S. Senate on Friday gave the green light to the creation of a temporary second account to house funds for the Commodities Futures Trading Commission's whistleblower program, a move that would allow it to continue operating at a financially precarious time for the office.
A New York federal judge on Tuesday sanctioned disgraced pharmaceutical executive Martin Shkreli, after finding that the Federal Trade Commission demonstrated that Shkreli used a contraband phone to conduct business affairs while still incarcerated.
Industrial hemp company Hemp Inc. and its two leaders will pay $10 million in penalties to resolve U.S. Securities and Exchange Commission claims that they used a network of shell companies to improperly sell unregistered securities, according to settlement documents filed Friday.
New York Attorney General Letitia James is demanding that Eastman Kodak Co.'s CEO and general counsel testify in open court regarding alleged insider trading tied to a COVID-19 medical supply deal between the company and the government, according to a petition filed Tuesday in New York state court.
Bryan Cave Leighton Paisner LLP is bulking up its global litigation and investigations practice with a former New York federal prosecutor whose resume includes Foreign Corrupt Practices Act victories and a precedent-setting cryptocurrency fraud ruling.
The border wall crowdfunding organization We Build the Wall and its general counsel asked the Second Circuit on Tuesday to undo an order restraining its bank accounts, saying a lower court erred in restraining them without due process.
Steptoe & Johnson LLP announced on Tuesday that it has hired the ex-senior legal director of Goldman Sachs' business intelligence group — where he focused on the firm's compliance with international sanctions requirements — as a partner within its international trade and regulatory compliance group.
Convicted securities fraudster Victor Wang, who was associated with the notorious brokerage firm depicted in the movie "The Wolf of Wall Street," has been hit with a suit alleging he and his affiliates continued to engage in securities fraud through an oil company and a CBD venture.
A nominating committee that advises Florida Democrats in the U.S. House of Representatives has recommended two candidates for President Joe Biden to consider for the U.S. Attorney's Office in the Northern District of Florida.
Law graduates across the states are sitting for the grueling two-day bar exam this week despite menstruation-related barriers, such as inadequate menstrual product and bathroom access, which could be eradicated with simple policy tweaks, say law professors Elizabeth Cooper, Margaret Johnson and Marcy Karin.
The U.S. Department of Justice's Criminal Division report on the Fraud Section's accomplishments in 2020 reveals impressive enforcement productivity, despite pandemic-related limitations, and we should expect to see a significant increase in prosecution later this year, say Kevin Muhlendorf and Holly Wilson at Wiley.
The volume and diversity of data managed by law firms today — from client files to internal financial records — may seem daunting, but when properly organized, good data can help practitioners stay competitive by providing sharper insight into firm resources and cost of work, say Jaron Luttich and Barry Wiggins at Element Standard.
Whether a law firm dissolution is amicable or adversarial, departing attorneys should take steps to maintain their legal and ethical responsibilities toward clients, and beware client confidentiality pitfalls when joining new firms, say John Schmidt and Colin Fitzgerald at Phillips Lytle.
The recent Clean Air Act settlement between the U.S. Department of Justice, the U.S. Environmental Protection Agency and Toyota holds important lessons for companies about the importance of robust compliance programs and the perils of disregarding prior agreements with the government, says Jeffrey Corey at Parsons Behle.
The Second Circuit’s recent opinion in Cavello Bay Reinsurance v. Stein, which held a private securities sale was extraterritorial despite several ties to New York, underscores that how transaction agreements are structured could affect whether a deal may be subject to federal securities laws — especially in an increasingly remote world, say attorneys at Cleary.
The recent Second Circuit decision in U.S. v. Stillwell, remanding claims that the U.S. Department of Justice withheld Brady material, illustrates how a little-known section of the Classified Information Procedures Act can be applied to protect information in criminal cases, say attorneys at Sullivan & Cromwell.
Courts are leading the way in ensuring oral argument opportunities for newer attorneys by incorporating innovative language in a variety of orders, and private parties can and should follow suit by incorporating similar language into case management orders, say Megan Jones and Halli Spraggins at Hausfeld.
With the increasing reliance on multiple messaging applications for business conversations in the remote working environment, companies can implement several best practices for collecting, reviewing and producing data, despite an absence of guidance on discovery obligations in government investigations, say Jason Weinstein and Katie Dubyak at Steptoe & Johnson.
Amid economic uncertainty and increasing pressure on corporate legal departments to do more with less, work management processes should be aimed at tracking legal teams' every contribution, including routine matters that can be reallocated to nonlegal staff, says Aaron Pierce at LexisNexis CounselLink.
Steven Peikin and James McDonald at Sullivan & Cromwell draw on their experience leading the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission Enforcement Divisions to share effective strategies for responding to enforcement investigations amid expectations the Biden administration will increase regulatory scrutiny.
The American Bar Association's recent guidance on what constitutes materially adverse interests between clients makes clear that lawyers should not take comfort in a current representation just because a former client is not on the opposite side of the v., and those hoping to avoid disqualification should consider five steps, says Hilary Gerzhoy at Harris Wiltshire.
Germany’s soon-to-be-adopted Corporate Sanctions Act carries a presumption of mandatory prosecution but also a defense in cases where reasonable precautions fail to prevent nonmanagers from committing crimes, so companies should start putting such compliance programs into place now, say attorneys at Arnold & Porter.
A recent U.K. Supreme Court ruling that KBR didn't have to provide documents held overseas to the Serious Fraud Office reveals the U.K. to be taking a divergent approach from the U.S. and has important implications for cross-border discovery and criminal investigations, say Katherine Toomey and Eric Lewis at Lewis Baach.
Regulators and prosecutors under the Biden administration have an opportunity to crack down on Wall Street corruption through meaningful punishment that holds individuals and firms accountable for their involvement in financial crimes, rather than monetary penalties that have so far done little to deter banking industry wrongdoing, says Dennis Kelleher at Better Markets.