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White Collar
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March 05, 2025
Accused Tax Prep Hacker Faces Refund Fraud Case In Boston
A Nigerian national accused of conspiring to use stolen taxpayer information and reaping $1.3 million in phony returns has been extradited to the United States to face charges of breaking into Massachusetts tax preparation firms' computer networks, Boston federal prosecutors said.
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March 05, 2025
Amazon, Others Must Face Guo Ch. 11 Clawback Claims
A Chapter 11 trustee can chase cash payments Chinese exile Miles Guo passed through nondebtor alter ego shell companies when buying goods and services from a long list of companies and law firms, a Connecticut bankruptcy judge has ruled.
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March 05, 2025
US Looks For Pause In PetroSaudi $380M Seizure Suit
The United States has asked a California federal court to stay its suit to seize part of a $380 million arbitral award issued to a PetroSaudi unit, saying the civil case is up in the air because the oil producer's sole owner was convicted in August in Swiss criminal court.
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March 05, 2025
FINRA Fines NJ Firm, Suspends AML Compliance Officer
The Financial Industry Regulatory Authority has fined Network 1 Securities and suspended its anti-money laundering compliance officer over their alleged failure to design a reasonable compliance program to prevent money laundering.
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March 05, 2025
Feds Allege Vast Overseas Insider Trading Scheme
Two foreigners are facing criminal charges and civil securities fraud claims for allegedly masterminding a multinational, yearslong insider trading scheme that generated millions of dollars in illicit profits by trading on leaked information ahead of business developments.
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March 05, 2025
Combs Says Assault Claims Expired More Than 10 Years Ago
Sean "Diddy" Combs and his Bad Boy companies on Tuesday moved to dismiss a woman's lawsuit accusing the rapper and producer of raping and threatening to kill her, saying her chance to lodge her single claim under New York City's gender-motivated violence protection law expired more than a decade ago.
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March 05, 2025
Ga. Clinic Bilked Federal Healthcare Programs, FCA Suit Says
A Georgia federal judge has unsealed a whistleblower lawsuit against a respiratory clinic accusing it of using unlicensed medical personnel, bilking Medicare and Medicaid by submitting thousands of fraudulent claims, and pushing its patients into unnecessary treatment to milk them for cash.
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March 05, 2025
SEC Defends 'Follow-On' Action From Post-Jarkesy Challenge
The U.S. Securities and Exchange Commission is defending its ability to pursue industry bars in its administrative court, telling a Washington, D.C., federal judge that a recent U.S. Supreme Court decision limiting the use of in-house courts does not prevent the agency from booting a father and son duo from the investment advisory industry.
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March 05, 2025
Jay-Z, Buzbee Dispute Threats, Confession In Rape Case
The monthslong legal feud between Shawn "Jay-Z" Carter and prominent plaintiffs attorney Tony Buzbee has reached a new pitch, as Carter claims to have evidence proving he did not rape a 13-year-old alongside disgraced rapper Sean "Diddy" Combs, while Buzbee claims Carter is trying to menace the victim into silence.
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March 05, 2025
Ex-Auto Lender CEO Gets 4 Years For $67M Fraud Schemes
The former chief executive of an Illinois subprime auto lending company was sentenced to four years in prison Wednesday for two fraud schemes, one involving the misappropriation of $5.3 million from his own company and the other entailing submitting false information to Wells Fargo that ultimately caused more than $60 million in losses.
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March 05, 2025
DOJ's Absence Felt At ABA Conference On White Collar Crime
Officials from the U.S. Department of Justice were conspicuously absent Wednesday from the American Bar Association's annual white collar crime conference, leaving organizers scrambling to fill empty panel seats and practitioners guessing as to what the Trump administration's enforcement priorities will be.
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March 05, 2025
University Of California Facing Fed Probe Into Antisemitism
The U.S. Department of Justice announced Wednesday the government has opened a civil investigation into whether the University of California has fostered antisemitism on its campuses following President Donald Trump's January executive order prioritizing federal probes into alleged antisemitic harassment on school grounds.
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March 05, 2025
Pfizer Beats Claims Of Copay Aid Scheme For Good
Litigation firms accusing Pfizer of a scheme to inflate drug prices for Medicare and Medicaid plans saw their suit dismissed permanently, with a Washington, D.C., federal judge ruling they had been given "enough chances" to remedy pleading deficiencies in their claims.
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March 05, 2025
12 Chinese Nationals Charged With Hacking Scheme
The U.S. Department of Justice announced it has charged 12 Chinese nationals who it alleges were employed as contractors by a shell company that ran hacking operations against dissidents of the Chinese government and against multiple foreign ministries of other governments in Asia.
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March 05, 2025
Atty Can Be Retried For 'Disrespecting' Judge, Court Told
Double jeopardy does not apply to summary contempt convictions, the Michigan Supreme Court heard Tuesday, as a Detroit court argued that a criminal defense attorney can be retried on a contempt charge for what a judge described as disrespectful behavior.
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March 05, 2025
Revived Bill To Add Judges Teed Up For Another House Vote
The House Judiciary Committee voted out of committee three bills on Wednesday along party lines, including legislation to add more federal judgeships that the federal judiciary says are needed desperately but has become subject to partisan fighting.
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March 05, 2025
Ex-DOJ Official Jeffrey Clark Returns To Trump Administration
Jeffrey Clark, a former U.S. Department of Justice official who is facing criminal charges in Georgia and fighting to save his law license over claims that he helped President Donald Trump try to overturn the results of the 2020 election, has returned to the federal government.
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March 05, 2025
Water Main Co. Will Pay $1M After Chemicals Killed Fish
A sewer and water line maintenance company was sentenced to pay $1 million and will spend three years on federal probation after knowingly dumping pollutants into a Connecticut waterway, killing over 150 fish and contaminating the area, acting U.S. Attorney Marc H. Silverman has announced.
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March 05, 2025
Senate Confirms Todd Blanche To Be Trump's Deputy AG
The Senate voted 52-46 on Wednesday to confirm Todd Blanche, one of President Donald Trump's former criminal attorneys, to be deputy attorney general.
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March 05, 2025
Longtime DOJ Antitrust Litigator Joins Fried Frank In DC
Fried Frank Harris Shriver & Jacobson LLP announced that a Cooley LLP attorney who previously spent more than 15 years in the U.S. Department of Justice's Antitrust Division has joined the firm's Washington, D.C., office as a partner.
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March 05, 2025
Atty's Vanity Plate Gets Spotlight In Fatal Shooting Trial
A Connecticut prosecutor has zeroed in on the vanity license plate that was on Cramer & Anderson LLP partner Robert L. Fisher Jr.'s car when he fatally shot an attacker in June 2021, asking the defendant's character witnesses Wednesday if they knew about it, and if so, what they thought of it.
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March 05, 2025
Atty Who Repped Trump And Bannon Joins Brownstein Hyatt
Evan Corcoran, who represented President Donald Trump in his classified documents case and Steve Bannon in his contempt of Congress trial, has joined Brownstein Hyatt Farber Schreck LLP's Washington, D.C., office.
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March 05, 2025
Combs Prosecutors Deny 'Outrageous' Race Bias Claim
Prosecutors told a Manhattan federal judge that hip-hop mogul Sean "Diddy" Combs' claims that no white defendant has ever faced a similar case in an effort to dismiss one of the criminal counts against him were "outrageous" and "illogical," and conveniently ignored the allegations of a yearslong pattern of violence and sexual coercion.
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March 05, 2025
Ex-Girlfriend Of $36M Crypto Schemer Admits Hiding Profits
The ex-girlfriend of a cryptocurrency founder who evaded taxes on a $36 million hacking scheme admitted to hiding profits from the IRS and participating in the ploy by heading shell companies and paying Los Angeles sheriff's deputies to target his enemies, according to the U.S. Department of Justice.
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March 04, 2025
Gov't Says 2 Lab Owners Billed $40M In COVID Test Scheme
Federal prosecutors opened their case Tuesday against two laboratory owners, telling jurors in Florida that they ran a more than $40 million scheme to submit medically unnecessary COVID-19 testing claims to healthcare benefit programs.
Expert Analysis
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7 Ways 2nd Trump Administration May Affect Partner Hiring
President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.
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How Trump 2.0 May Change Business In Latin America
Companies in Latin America should expect to face more trade restrictions, tighter economic sanctions and enhanced corruption risks, as the incoming administration shifts focus to certain non-U.S. actors, most notably China, says Matteson Ellis at Miller & Chevalier.
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E-Discovery Quarterly: Rulings On Custodian Selection
Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.
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A Look At PCAOB's Record-Breaking Enforcement In 2024
The Public Company Accounting Oversight Board in 2024 brought more enforcement actions against auditors and imposed increasingly higher monetary penalties, showing that it was not afraid to exercise its power to fine and reprimand firms, a trend that will likely continue in 2025, say attorneys at Briglia Hundley.
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The OIG Report: Preparing For Oversight In 2025
Across sectors, Office of Inspector General work plans and challenge reports for 2025 provide a trove of information on the issues and industries that will likely be the focus of government oversight in the year to come, says Diana Shaw at Wiley.
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What To Expect In Higher Ed Enforcement Under Trump
Colleges and universities should prepare for shifting priorities, as President-elect Donald Trump is likely to focus less on antitrust cases and more on foreign relations policy, while congressional oversight of higher education continues to increase, say attorneys at Steptoe.
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Series
NY Banking Brief: All The Notable Legal Updates In Q4
In 2024's final quarter, the New York State Department of Financial Services published guidance on mitigating the rising cybersecurity risks of artificial intelligence and remote technology workers with North Korean ties, and the state attorney general launched an antitrust investigation into Capital One's proposed Discover merger, say attorneys at Haynes Boone.
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How Trial Attys Can Wield Amended Federal Evidence Rules
Trial lawyers should assess recent amendments to four Federal Rules of Evidence and a newly enacted rule on illustrative aids to determine how to best use the rules to enhance pretrial discovery and trial strategy, says Stewart Edelstein, former litigation chair at Cohen & Wolf.
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Series
Exercising On My Peloton Bike Makes Me A Better Lawyer
While I originally came to the Peloton bike for exercise, one cycling instructor’s teachings have come to serve as a road map for practicing law thoughtfully and mindfully, which has opened opportunities for growth and change in my career, says Andrea Kirshenbaum at Littler.
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Takeaways From SEC's Mixed Results In '24 Crypto Litigation
Though the U.S. Securities and Exchange Commission's new leadership seems likely to create a more favorable cryptocurrency regulatory environment, it must also confront the consequences of, and lingering questions raised by, the SEC's 2024 policy of investigating and charging cryptocurrency trading platforms for operating unregistered exchanges, say attorneys at Dechert.
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Opinion
Aviation Watch: How Court Nixed Boeing Plea Deal Over DEI
A Texas federal court's rejection of the plea agreement between the U.S. Department of Justice and Boeing over the 737 Max aircraft gratuitously injected the court's views on diversity, equity and inclusion into a case that shouldn't have been a criminal matter in the first place, says Alan Hoffman, a retired attorney and aviation expert.
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Series
In The CFPB Playbook: A Sprint To The Finish Line
The fourth quarter of 2024 was an impressive demonstration of the Consumer Financial Protection Bureau's ability to regulate, enforce and supervise, even on borrowed time following the election results, and we should expect the current bureau to run nonstop until Jan. 20, say attorneys at Covington.
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What FARA Enforcement In 2024 Reveals For The Year Ahead
A number of developments, from indictments to legislation, shaped the Foreign Agents Registration Act enforcement landscape last year, and following the U.S. Department of Justice's recently released long-awaited proposed amendments to the law, 2025 shows no signs of slowing down, says Tessa Capeloto at Wiley.
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How New Fraud Enforcement Tool Affects Gov't Contractors
Government contractors will likely face greater scrutiny under the recently enacted Administrative False Claims Act, which broadens federal agencies' authority to pursue low-dollar fraud claims, but contractors may also find the act makes settlement of such claims easier to negotiate, say attorneys at Wiley.
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Exploring Venue Strategy For Trump-Era Regulatory Litigation
Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.