White Collar

  • September 22, 2017

    NJ Mayor Cops To Conspiracy Over Use Of City Workers

    Paterson, New Jersey, Mayor Jose “Joey” Torres pled guilty in a state corruption case accusing him of having city employees work on private property owned by his relatives on the city’s dime, in a move that will force him out of public office in the Garden State.

  • September 22, 2017

    SEC Takes Walk In Businesses' Shoes With Database Hack

    The U.S. Securities and Exchange Commission provided companies with a crash course in what to do — and what not to do — when it recently revealed that its electronic public document filing system had been hacked last year. 

  • September 22, 2017

    Ex-Hunton Atty Seeks No Jail Time For Tipping Off Friend

    A former Hunton & Williams LLP patent partner who hinted to a friend about an upcoming Pfizer deal asked a New York federal judge to sentence him to probation for his securities fraud and conspiracy conviction, citing his kindhearted acts and restating his claim that he does not recall tipping off his friend, according to court documents made public Friday.

  • September 22, 2017

    Ex-Teamsters Chief Faces Beefed-Up Extortion Indictment

    Illinois federal prosecutors have piled on seven counts to the charges against a Teamsters regional leader accused of extorting large sums from a business via threats of work stoppages, including filing false tax returns and false Department of Labor reports, according to court papers filed Friday.

  • September 22, 2017

    Pa. Mayor's Corruption Trial To Be Held In Allentown

    A Pennsylvania federal judge Thursday picked Allentown, Pennsylvania, over Philadelphia as the place to hold the corruption trial of the mayor of Allentown and a Norris McLaughlin attorney, saying that the trial was a matter of public interest to the people of Allentown.

  • September 22, 2017

    Ex-Calif. Court Clerk Gets 11 Years In Case-Fixing Scheme

    A former Orange County Superior Court clerk was sentenced to more than 11 years behind bars on Friday in a California federal court for leading a bribery scheme in which he took over $400,000 from criminal and traffic defendants in exchange for falsely resolving their cases.

  • September 22, 2017

    SEC Says Colo. Adviser Conned Investors And Lost Their $1M

    The U.S. Securities and Exchange Commission on Friday sued Colorado investment advisory firm Moses Investment Co. and its owner for lying about his trading experience, past performance and the riskiness of investing, saying investors lost nearly $1 million.

  • September 22, 2017

    Trump's Latest US Atty Noms Include Sidley, Goodwin Alums

    President Donald Trump released on Friday his latest batch of nominations for U.S. attorney, including former associates at Sidley Austin LLP and Goodwin Procter LLP.

  • September 22, 2017

    Aegerion To Pay $40M To End Host Of Juxtapid Claims

    Massachusetts-based biopharmaceutical company Aegerion Pharmaceuticals Inc. agreed Friday to pay about $40 million to end criminal and civil allegations by the U.S. Department of Justice and fraud charges brought by the U.S. Securities and Exchange Commission over an expensive cholesterol treatment.

  • September 22, 2017

    Ex-Water Agency Head Gets 8 Years In Kickback Scheme

    The former executive director of a defunct Newark, New Jersey, water agency was slapped Friday with a more-than-eight-year prison term for her role in a roughly $1 million kickback scheme, with a New Jersey federal judge finding that her conduct was driven by more than a gambling addiction cited by defense counsel.

  • September 22, 2017

    Pharma Insider-Trading Suspect Arrested Again

    A Massachusetts man accused of an insider trading scheme involving pharmaceutical company stock ran out of second chances Friday morning, when he was arrested for allegedly failing to check in with pretrial services.

  • September 22, 2017

    Pa. Appeals Court Urged To Uphold Ex-PSU Prez's Conviction

    While conceding that ex-Penn State University President Graham Spanier had raised compelling arguments to undercut his recent conviction on child endangerment charges stemming from the Jerry Sandusky sex abuse scandal, the trial judge who oversaw the closely watched criminal case urged an appeals court on Friday to uphold the verdict.

  • September 22, 2017

    Alleged Bitcoin Fraudster Faces NY Criminal Charges

    A Brooklyn, New York, computer programmer who was accused by the U.S. Commodity Futures Trading Commission on Thursday of embezzling $600,000 from his bitcoin trading enterprise has been arrested and charged with fraud by the Manhattan district attorney.

  • September 22, 2017

    Meningitis Pharmacist Shrugged Off Safety Rules, Jury Told

    A pharmacy technician told a federal jury Friday that his boss told him to fake documents, skip safety tests and use expired ingredients at a Massachusetts pharmacy linked to the 2012 fatal meningitis outbreak.

  • September 22, 2017

    Feds Want Google Sanctioned For Defying Data Orders

    Federal prosecutors are seeking to have Google Inc. sanctioned for refusing to comply with a search warrant requesting certain user data stored overseas, telling a California federal judge Wednesday that the internet giant is flouting court orders.

  • September 22, 2017

    Engineer Might Regret Plea Withdrawal, 2nd Circ. Judge Says

    An Iranian-American engineer serving 97 months for a violation of the Arms Export Control Act might “rue the day” if he ever stood trial for alleged misconduct that prosecutors say went far beyond a single offense on appeal, a Second Circuit judge warned Friday.

  • September 22, 2017

    World Bank Consultant Jailed Over £1.7M Corrupt Payments

    An independent medical procurement consultant employed by the World Bank was sentenced to six years’ imprisonment at a London court on Friday after he was found to have received £1.7 million ($2.3 million) in corrupt payments to help medical supply companies win tenders.

  • September 22, 2017

    Mass. Judge Uses Fiction To Bring Readers To The Bench

    U.S. District Judge Michael Ponsor was nearly 30 years on the bench before he published his first novel. The delay wasn’t for lack of material.

  • September 21, 2017

    Herbalife Scams Consumers With 'Event System,' Suit Says

    Global nutrition supplement company Herbalife Ltd. and 44 of its top distributors have been hit with a putative class action in Florida federal court that plaintiffs say has the potential to result in up to $1 billion in damages on allegations the company is using a pyramid scheme to bait consumers with the "promise of riches."

  • September 21, 2017

    Precedent Elusive For Vacating Arpaio's Conviction

    The U.S. Department of Justice pressed an Arizona federal court Thursday to dismiss the criminal case against former Maricopa County Sheriff Joe Arpaio and vacate his conviction in light of President Donald Trump’s presentencing pardon of him last month, but acknowledged it had found no solid precedent for the move.

Expert Analysis

  • What To Expect In Forex Fraud Trial Of Ex-HSBC Exec

    Scott Schirick

    The prosecution of HSBC’s former global head of foreign exchange spot trading — whose trial begins on Monday in the Eastern District of New York — will test whether the government can turn sharp dealing and deception in the unregulated institutional spot forex market into criminal fraud, says Scott Schirick of Pryor Cashman LLP​.

  • Why Kokesh Really Matters

    Matthew Martens

    In the aftermath of Kokesh, the U.S. Securities and Exchange Commission has continued filing enforcement actions in federal district courts seeking disgorgement, as if the import of the decision is only that disgorgement is subject to a five-year statute of limitations. This overlooks two far more significant ramifications of Kokesh for SEC enforcement practice, say attorneys with WilmerHale.

  • The Role Legal Finance Can Play In Firm Year-End Collections

    Travis Lenkner

    Payment collection delays have caused law firms to seek new options, one of which is litigation finance. In this context, litigation finance can offer alternative avenues to firms as they approach the end of a fiscal year or partnership distribution dates, says Travis Lenkner of Burford Capital LLC.

  • 'Per-Doc' Pricing Can Improve Document Review

    file folder

    Imagine going to a restaurant and ordering your steak medium-rare. The steak arrives burned. You expect the kitchen to bring you another one properly done, right? And you don’t expect to pay for two steaks, do you? Paying a vendor for document review should be no different, says Lisa Prowse, an attorney and vice president at e-discovery firm BIA Inc.

  • When A SOX Whistleblower Claim Applies Extraterritorially

     Matthew LaGarde

    The recent decision from the U.S. Department of Labor's Administrative Review Board in Blanchard v. Exelis Systems is important because it makes clear that, so long as the misconduct reported by the employee affects the United States in “some significant way,” the Sarbanes-Oxley Act will apply extraterritorially, says Matthew LaGarde of Katz Marshall & Banks LLP.

  • Insider Trading After Martoma: Benefits Without Friends?

    Nathan Bull

    The Second Circuit's recent Martoma decision potentially expands the category of persons that, upon the disclosure of confidential information without pecuniary or tangible benefit, may constitute tippers or tippees subject to insider trading liability, say attorneys with Cadwalader Wickersham & Taft LLP.

  • Equifax Brings Early Lessons On Insider Trading Policies

    Gary Tygesson

    Insider trading allegations have surfaced at Equifax, where three executives sold nearly $2 million in shares of the company’s stock days after the cyberattack was discovered but before the news was announced. The situation raises a number of fundamental questions about Equifax’s insider trading policy, say Gary Tygesson and Cam Hoang of Dorsey & Whitney LLP.

  • Standard Insurance Policy May Cover Government Subpoena

    Daniel Wolf

    Even though most in-house counsel know all too well about the challenges and costs of defending government subpoenas, they may not realize that their existing insurance policies might provide coverage for these defense costs — even if those policies do not expressly address subpoenas, says Daniel Wolf of Gilbert LLP.

  • A Guide To The Executive Branch Official Nomination Process

    Adam Raviv

    Although the Trump administration has completed the vetting and confirmation of a cabinet and White House staff, thousands of senior positions remain unfilled throughout the executive branch. More than ever, people selected for those posts find themselves under close scrutiny, say Adam Raviv and Reginald Brown of WilmerHale.

  • Ransomware Issues Too Often Lost In The Shuffle: Part 3

    John Reed Stark

    Despite strong planning and expert guidance, amid all of the chaotic workflow of a ransomware response, two important issues can be easily overlooked — notification/disclosure responsibilities and anti-money laundering compliance, says John Reed Stark, president of John Reed Stark Consulting LLC.