White Collar

  • May 26, 2017

    SEC, Investment Adviser Settle On $1.7M Disgorgement

    The head of a wealth management firm has agreed to pay approximately $1.7 million to settle a U.S. Securities and Exchange Commission suit in New York federal court, following an earlier guilty plea to an investment adviser fraud charge in a parallel criminal suit.

  • May 26, 2017

    Federal Prosecutor Found Dead On South Florida Beach

    An assistant U.S. attorney for the Southern District of Florida was found dead this week on a Hollywood, Florida, beach with a head wound caused by a possible gunshot, according to local police.

  • May 25, 2017

    'Hedge Fund' Founder Pleads Guilty To Fraud Charges

    A would-be hedge fund founder pled guilty Thursday in New York federal court to a conspiracy charge tied to his alleged ploy to lure investors into a new fund by touting its great prior performance — performance that didn’t exist — prosecutors said.

  • May 25, 2017

    Waymo Says Uber Can’t Hide Exec’s Alleged IP Crimes

    Alphabet Inc. unit Waymo asked a California federal judge Thursday to make Uber hand over a due-diligence report prepared in anticipation of acquiring a self-driving car company started by Anthony Levandowski, an ex-Waymo employee accused of stealing trade secrets, arguing Uber was trying to invoke a work-product privilege to shroud Levandowski's alleged crimes.

  • May 25, 2017

    Bribed National Guardsman Makes His Case to Evade Jail

    A retired Army National Guard colonel convicted of accepting a company’s $55,000 bribe to steer a $5.5 million recruiting contract argued to a Virginia federal court Thursday that his behavior since authorities questioned him about the scandal should keep him out of jail.

  • May 25, 2017

    Pa. Justices Affirm Turnpike Agency's Reimbursement Win

    Pennsylvania’s high court declined Thursday to change a state appeals court’s finding that a former CEO of the Pennsylvania Turnpike Commission was not entitled to $300,000 in legal fee reimbursements from a pay-to-play case in which he pled guilty to a felony charge.

  • May 25, 2017

    Calif. High Court Bats Down Atty's Beef With Facebook GC

    The California Supreme Court decided Wednesday not to take up a defamation case against Mark Zuckerberg and Facebook’s general counsel, leaving in place the appellate court decision to toss the case.

  • May 25, 2017

    Billionaire Developer Peppers Judge Ahead Of UN Bribe Trial

    Chinese real estate billionaire Ng Lap Seng's legal team has lodged a flurry of letters ahead of the developer's Tuesday bribery trial, with the latest missive Thursday saying a key cooperating witness may have made undisclosed exculpatory statements during plea talks with prosecutors.

  • May 25, 2017

    5th Circ. Upholds Tax Preparer’s IRS Obstruction Conviction

    A Fifth Circuit panel upheld a Texas tax preparer’s conviction for obstructing the work of the Internal Revenue Service on Wednesday, rejecting her “narrow interpretation” of the law at issue but slightly loosening an order that she begin paying restitution while behind bars.

  • May 25, 2017

    Subprime Auto Loan Co. Execs Cop To $11M Fraud

    Two Massachusetts men pled guilty in Boston federal court Thursday to an $11 million fraud scheme in which they falsely told investors that their subprime auto loan company could accept tax-advantaged retirement account funds.

  • May 25, 2017

    DOJ To Send Fraud Prosecutor To UK Financial Watchdog

    The U.S. Department of Justice expects to detail an anti-corruption prosecutor to Britain’s Financial Conduct Authority in the coming months in the first assignment of its kind, a high-ranking DOJ official said in a speech Wednesday.

  • May 25, 2017

    Ex-District Judge In Texas Cleared In Campaign Bribery Case

    A former state district judge in Texas, who had to leave the bench and had her law license suspended following her conviction on nine felony charges for bribery and money laundering, was declared innocent Wednesday, acquitted of all charges after the state agreed the evidence couldn't support her conviction.

  • May 25, 2017

    Hastert Open To Settling Hush Money Case

    Former House Speaker Dennis Hastert indicated Wednesday he might be open to settling a suit brought by an anonymous man who says the jailed politician owes him nearly $2 million under a deal that kept the man from going public with allegations of sexual abuse.

  • May 25, 2017

    Citing Trump's Kasowitz Hire, Lieberman Quits FBI Job Search

    Joseph Lieberman, the former senator, Democratic vice presidential hopeful and current Kasowitz Benson Torres LLP counsel, has pulled his name out of the running to be the next head of the FBI.

  • May 25, 2017

    German Prosecutors Eye Bosch Workers Amid Daimler Probe

    German prosecutors investigating if Daimler AG employees committed fraud in the sales of the company's diesel cars by faking emissions documents are also looking into workers at auto parts supplier Robert Bosch GmbH, according to media reports Thursday.

  • May 25, 2017

    3 Nigerians Sentenced In International Cyber Fraud

    A Mississippi federal judge on Wednesday dished out hefty prison sentences ranging from 25 to 115 years to three Nigerian nationals for their roles in a large-scale internet fraud network, where they duped U.S. citizens via romance scams to send money or help carry out the frauds, the U.S. Department of Justice announced.

  • May 24, 2017

    6th Circ. Affirms Decision To Keep VW Exec In Detention

    A Volkswagen AG executive accused of aiding in the conspiracy to cover up the diesel emissions test scandal will remain in pretrial detention after a Sixth Circuit panel on Wednesday denied his bid to overturn a lower court decision that ruled him a flight risk.

  • May 24, 2017

    Ex-Playmate Gets Community Service For Locker Room Pic

    Former Playboy Playmate Dani Mathers copped to an invasion of privacy charge in California state court and will serve 30 days of community service for mocking a woman she’d surreptitiously photographed on social media, Los Angeles City Attorney Mike Feuer said Wednesday.

  • May 24, 2017

    Feds Drop Charges In $30M Pump-And-Dump Row, Cite Ruling

    A federal prosecutor told a New Jersey federal judge Wednesday that the government is dropping criminal charges against an investment adviser in a more-than-$30 million stock market manipulation scheme in light of a ruling dismissing charges in a separate securities fraud case on statute of limitations grounds.

  • May 24, 2017

    Senate Hears Microsoft's Take On Overseas Data Warrants

    Microsoft’s Chief Legal Officer Brad Smith appeared along with a U.S. Department of Justice official and others on Capitol Hill on Wednesday to offer lawmakers their thoughts on potential legislation that would allow technology companies to comply with warrants for stored data abroad.

Expert Analysis

  • The Expert Witness Who Will Explode

    Bruce Gerstman

    When an expert witness takes the stand, one should not assume that the only challenge will be to their testimony. An investigation into the background of a witness may turn up lawsuits, dubious credentials, a misstated educational or employment record or other problems. Any of these may irreparably damage a witness' credibility on the stand, says Bruce Gerstman of Waterfront Intelligence Inc.

  • My Milkshake Is Better Than Yours: Part 2

    Jill Dessalines

    In the second installment of this two-part series on disruptive innovation among mid-size law firms, Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former senior vice president at McKesson Corp., explores a number of ideas for keeping clients and maintaining market position.

  • Questions Following Prevezon Money Laundering Settlement

    Elizabeth Prewitt

    The Prevezon case stands out as an example of the extraordinary lengths the U.S. government can and will go to assert jurisdiction over matters involving foreign entities and persons who commit crimes abroad to the detriment of foreign countries and citizens. However, since the matter settled, the government’s case was not tested at trial, say attorneys with Hughes Hubbard & Reed LLP.

  • My Milkshake Is Better Than Yours: Part 1

    Jill Dessalines

    As I sat there listening, incredulous to learn that "Milkshake" was not only a real song but also a chart-topper, it reminded me of Harvard Business School Professor Clayton Christensen’s work on disruptive innovation — and how it pertains to mid-size law firms, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp.

  • Weekly Column

    Talking 'Bull': Episode 23, Benevolent Deception

    Roy Futterman

    Most of the jury consulting on this show has consisted of illegal and unethical behavior amid nonsensical trial practices, but at the end of the day, it has probably not done permanent damage to the U.S. legal system — so far, says jury consultant Roy Futterman as the debut season of the CBS show "Bull" comes to a close.

  • Unaoil Judgment Shows Judicial Support For SFO Authority

    Kevin Roberts

    In its Unaoil ruling, the High Court of Justice in England and Wales recently provided a rare insight into the difficulties that companies can face when challenging the basis of a Serious Fraud Office investigation. The stance of the judiciary seems to be in line with authorities and legislators, allowing prosecuting authorities a wide remit of independence with which to investigate financial crimes, say attorneys with Morrison & Foerster LLP.

  • Concerns And Conflicts When Investigating Gov't Officials

    David Frulla

    The appointment of former FBI Director Robert Mueller as special counsel to investigate Russia’s efforts to interfere in the 2016 presidential election invoked a well-trod path, both in the U.S. and around the world. However, deputizing an outside attorney to investigate actions by high-ranking government officials brings with it two sets of concerns that are often in tension, says David Frulla of Kelley Drye & Warren LLP.

  • Attorneys, Your Input Is Needed On Deposition Rule

    Frank Silvestri, Jr.

    Every lawyer who’s handled a civil case in federal court knows about Rule 30(b)(6), governing deposition procedures. But for many real-world deposition dilemmas, the rule offers little guidance. Last year, an Advisory Committee on Civil Rules subcommittee began considering whether the rule should be amended. Now attorneys must advise the subcommittee how to proceed, says Frank Silvestri Jr. of Verrill Dana LLP.

  • Why Insider Benefit Is Irrelevant To Criminal Insider Trading

    David Chaiken

    Lawyers and commentators have spilled oceans of ink analyzing what kind of insider benefit and what level of tippee knowledge of such benefit are sufficient to establish liability for insider trading. But what has been largely ignored is that in criminal insider trading cases, the U.S. Department of Justice is legally empowered to avoid those issues entirely, say David Chaiken of Troutman Sanders LLP and Paul Monnin of Paul Hastings LLP.

  • How Client Feedback Programs Benefit Law Firms And Clients

    Elizabeth Duffy

    Despite an increase in engagement with client feedback programs over the last 15 years, law firms — and their clients — have a way to go before realizing the maximum benefits such programs can deliver, says Elizabeth Duffy of Acritas US Inc.