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White Collar

  • October 16, 2018

    Iranian Businessman Says Feds Have Privileged Docs

    Lawyers for a businessman accused of violating U.S. sanctions by helping an Iranian firm route the proceeds of a housing project in Venezuela through American banks told a New York federal judge Tuesday that they identified several problems with the prosecution's case, including possible breaches of marital privilege and attorney-client privilege.

  • October 16, 2018

    Hedge Fund Co-Founder Charged In $19M Ponzi Scheme

    Federal authorities arrested a Connecticut man Tuesday on charges that he ran a $19 million Ponzi scheme that defrauded investors who put their money into his hedge fund.

  • October 16, 2018

    Law Firm Barred From Contacting Madoff Clients About Suit

    A New York magistrate judge has ordered Chaitman LLP not to contact its clients who were victims of Bernie Madoff regarding a suit alleging Helen Chaitman had a conflict of interest in representing them, ruling it was inappropriate for her to urge those clients to decide whether to opt out of the proposed class this early in the process.

  • October 16, 2018

    Ex-BigLaw Atty Disbarred In Fla. For Insider Trading

    The Florida Supreme Court on Monday disbarred a Tampa attorney who was sentenced to two years in prison earlier this year for insider trading after admitting he took advantage of confidential client information while serving as a partner at Foley & Lardner LLP.

  • October 16, 2018

    National Security Prosecutor Returns To DLA Piper As Partner

    DLA Piper has added a former federal prosecutor who focused on cybercrime, terrorism and trade sanctions back to the roster in its Chicago office, this time as a partner, the firm announced.

  • October 16, 2018

    Monex Slams CFTC’s 'Jurisdictional Overreach' In 9th Circ.

    Metals brokerage Monex Credit Co. criticized the Commodity Futures Trading Commission on Monday for what it called “blatant and limitless” jurisdictional overreach in the agency’s attempt to have the Ninth Circuit reverse the dismissal of its $290 million fraud case against Monex based on arguments that Congress has expressly rejected.

  • October 16, 2018

    Ex-KPMG Exec Admits Swiping Watchdog's Inspection Plans

    A public accountant admitted in New York federal court on Tuesday that she used her role at the nation's independent audit watchdog to tip KPMG LLP about plans to double-check its work, then continued to solicit inspection plans after taking an executive position at the Big Four audit firm.

  • October 16, 2018

    Madoff Pal Asks To Quash Bid For JPM Docs In Clawback Suit

    A longtime friend of Bernie Madoff accused of receiving $54 million while turning a blind eye toward Madoff’s Ponzi scheme has moved to block a subpoena of his mortgage loan file at JPMorgan by a trustee seeking money for Madoff’s victims, saying in New York federal court that the file is not relevant to the accusations against him.

  • October 16, 2018

    The Path To Becoming A Supreme Court Advocate

    A look at the careers of attorneys who have dominated oral advocacy at the U.S. Supreme Court over the last decade shows a similar path for men and women, with a few key differences. Here’s how the top 10 male and female advocates stack up. (This article is part of a series examining the gender gap among high court advocates.)

  • October 16, 2018

    Convicted State Street Exec Gets Lenient 18 Months

    A former State Street Corp. executive was sentenced to 18 months in federal prison Tuesday for stealing millions from clients by sneaking in undisclosed fees on massive transactions, a more lenient ruling than the five-year sentence prosecutors had requested.

  • October 16, 2018

    Nomura Reaches $480M Deal Ending RMBS Probe

    Nomura Holding America Inc. and its affiliates have agreed to pay $480 million to resolve the U.S. Department of Justice’s allegations that the bank misled investors about risks associated with more than $13 billion worth of loans packaged into residential mortgage-backed securities between 2006 and 2007, the DOJ said Tuesday.

  • October 15, 2018

    21st Century Oncology Gets Stipulated Dismissal of FCA Suit

    The U.S. Department of Justice and a Florida whistleblower agreed Monday to drop their False Claims Act suit against bankrupt 21st Century Oncology Inc. over an allegedly dirty $2.5 billion contract linked to Florida Gov. Rick Scott, after a parallel adversary proceeding in Florida bankruptcy court was tossed in May.

  • October 15, 2018

    Ga. Atty Convicted In $26M Firm Embezzlement

    A Georgia attorney charged with draining $26 million from his firm to support lavish spending on girlfriends, golf trips and a bad gambling habit was convicted Friday on all counts by a federal jury.

  • October 15, 2018

    Deutsche Traders Knew Libor-Rigging Was Illicit, Jury Told

    Prosecutors on Monday began their final pitch to jurors in the Libor-rigging trial of former Deutsche Bank traders Matthew Connolly and Gavin Black, saying trial evidence proves the pair abused the German lender’s position to cash in by gaming the benchmark interest rate.

  • October 15, 2018

    Health Exec Pleads Guilty To Role In Opioid Scheme

    The CEO of a health provider group has pled guilty to participating in a $150 million fraud scheme that involved the unnecessary prescription of opioids, the U.S. Department of Justice said Monday.

  • October 15, 2018

    Gender Disparity At The High Court: How Top Law Firms Measure Up

    For the women at elite law firms, an enduring gender gap among advocates can create a high hurdle for their high court ambitions. Here, Law360 looks at the law firms where women score Supreme Court arguments, and where they don’t. (This article is part of a series examining the gender gap among high court advocates.)

  • October 15, 2018

    Ailing Lobster Poacher Asks 2nd Circ. For New Sentence

    An ailing English lobster poacher who was sentenced to 11 extra months in prison for allegedly hiding assets to avoid restitution urged the Second Circuit on Monday to have him resentenced, saying the new punishment is too harsh.

  • October 15, 2018

    Judge Nixes 'Selective Prosecution' Claim Against Mueller

    A D.C. federal judge on Monday cut off efforts by a Russian company charged in the Mueller probe to pursue allegations it is the victim of selective prosecution, after an attorney for the company repeatedly slammed conspiracy allegations in the case as “made up charges.”

  • October 15, 2018

    DOJ Charges Florida Men with $1B Telemedicine Fraud Scam

    Four Florida men and seven pharmacies have been indicted for their role in a massive $1 billion telemedicine fraud scheme that involved submitting fraudulent claims for payment for marked-up pain cream and other products to insurance companies, the U.S. Department of Justice said Monday. 

  • October 15, 2018

    Couple Get Prison, House Arrest For Electronics Smuggling

    An Italian national was slapped Monday in New Jersey federal court with a 22-month prison term and his wife was sentenced to six months of home confinement for their roles in a scheme to smuggle thousands of counterfeit electronics into the U.S., including bogus Apple products and video cameras bearing phony Sony labels.

Expert Analysis

  • A Holistic Approach To Client Retention

    Dan Tacone

    In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.

  • Q&A

    A Chat With Allens Pricing Chief Pier D'Angelo

    Pier D'Angelo

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.

  • Fortress Ruling Helps Temper Overzealous SEC Enforcement

    Perrie Weiner

    The insider trading action against certain Fortress securities traders is one more example of the U.S. Securities and Exchange Commission relying upon analytical data to pursue what may be suspicious activity. But a New Jersey federal court's recent decision in the case reinforces that suspicious trades are not enough, say attorneys with DLA Piper.

  • Tax Evasion Knows No Borders

    Kim Marie Boylan

    The former CEO of a U.K. bank recently pled guilty to charges under the Foreign Account Tax Compliance Act, following a U.S. Department of Justice sting operation spanning several countries. The conviction sends a clear message that U.S. authorities will prosecute not only U.S. account holders, but those who facilitate tax evasion, whatever their nationality, say attorneys at White & Case LLP.

  • Opinion

    The ABA Was Dead Wrong About Model Rule 8.4(g)

    Bradley Abramson

    In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.

  • Do VPNs Spell Market Manipulation For Crypto Exchanges?

    Richard Malish

    Virtual private networks are a critical tool for privacy-minded cryptocurrency traders, but based on the New York attorney general's recent findings that VPNs may permit market manipulation, it would not be surprising if cryptocurrency exchanges are soon asked to explain their VPN access policies, says Richard Malish of NICE Actimize.

  • Opinion

    The Supreme Court Should Become Boring

    Alexander Klein

    In the aftermath of Justice Brett Kavanaugh's confirmation, the U.S. Supreme Court should decline review of the nation's most polarizing political questions unless and until the questions become time-sensitive, says Alexander Klein, head of the commercial litigation group at Barket Epstein Kearon Aldea & LoTurco LLP.

  • Q&A

    Back To School: BC's Kent Greenfield Talks Corporate Law

    Kent Greenfield

    In this series featuring law school luminaries, Boston College Law School professor Kent Greenfield reflects on his corporate law theories, his legal battle with the Pentagon over free speech and gay rights, and important constitutional law issues to watch out for.

  • Investment Firms, Beware Changing Compliance Goal Posts

    Bart Schwartz

    Private equity and hedge funds are under greater compliance scrutiny and, as a result, increased regulatory and legal exposure. The responsibilities of board members are not limited to investment performance monitoring — regulators are moving up the corporate ladder to identify wrongdoing, says Bart Schwartz of Guidepost Solutions LLC.

  • Inside The Petrobras FCPA Resolution

    Gayle Littleton

    The Operation Car Wash investigation that began in 2008 brought down numerous Brazilian politicians and Petrobras officials and led to one of the largest Foreign Corrupt Practices Act settlements last month. The resolution highlights the myriad ways in which Petrobras failed to implement a robust anti-corruption compliance program, say attorneys with Jenner & Block LLP.