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White Collar
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January 08, 2025
US Atty In Texas' Southern District To Step Down
The U.S. Attorney for the Southern District of Texas announced Wednesday that he is leaving his post this month, the latest in a wave of resignations ahead of a second Trump administration.
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January 08, 2025
Exiting CFTC Chair Warns Crypto Without Rules 'Ends Badly'
The outgoing chair of the U.S. Commodity Futures Trading Commission Rostin Behnam used his final speech on Wednesday to urge lawmakers and regulators to address the "gap" in oversight of cryptocurrency markets.
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January 08, 2025
Cops' Suit Over Firing For Pot Use Sent To NJ State Court
A New Jersey federal judge has kicked back to state court a suit against Jersey City by two police officers who say they were wrongly fired for off-duty cannabis use, finding that the suit does not implicate federal law that would give the federal courts jurisdiction.
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January 08, 2025
Criminal Case Against Terraform Founder Said To Exceed SEC's
The $40 billion criminal case against Terraform founder Do Kwon contains evidence such as recordings and seized mobile phones that exceed what securities regulators presented when they prevailed against him at a civil fraud trial, prosecutors said Wednesday.
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January 08, 2025
Feds Ask DC Circ. To Block Guilty Plea Of 9/11 'Mastermind'
The Biden administration wants the D.C. Circuit to block plea agreements set to be approved Friday for the men accused of plotting the Sept. 11, 2001, attacks, including the "alleged mastermind" of the plot, Khalid Shaikh Mohammad.
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January 08, 2025
Fla. Atty Can't Beat Contempt Ruling Over Failed Apology
A Florida state appeals panel on Wednesday agreed that an attorney was in indirect criminal contempt when he failed to post an apology on a consumer reporting website as part of a settlement in his former counsel's suit against him over disparaging and allegedly defamatory comments made on the site.
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January 08, 2025
2 More US Attys In Ga. To Resign Before Trump Takes Office
The U.S. attorneys for the Southern District and Middle District of Georgia announced their resignations Wednesday, setting the stage for President-elect Donald Trump to replace all three top federal prosecutors in the state after the U.S. attorney for the Northern District recently said he would step down as well.
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January 08, 2025
FBI Director's Former Chief Of Staff Joins Fenwick
Weeks after FBI Director Christopher Wray announced that he'll resign at the end of President Joe Biden's term, Fenwick & West LLP said Wednesday that it has hired the FBI director's chief of staff, who joined the team as a white collar defense and investigations partner.
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January 08, 2025
Feds Say Official Used City Cash For Steak Tips, Studio Time
A former Massachusetts city official was charged Wednesday with using city funds to pay for an eclectic array of personal expenses, including hundreds of pounds of steak tips, a music studio session for himself and a lacquered self-portrait.
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January 08, 2025
Feds Want 2 Years In Prison For Atty In Payroll Tax Fraud
A former Ohio attorney who managed his wife's dental practice should spend at least two years in prison for causing $750,000 in federal tax losses and failing to pay employment taxes, prosecutors urged Wednesday, saying he used the business as a personal piggy bank.
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January 08, 2025
Feds Again Deny Leaks In NYC Mayor's Corruption Case
Federal prosecutors again rejected the claim that they had leaked classified information about New York City Mayor Eric Adams' corruption case to the press, telling a judge that they were not the source that allowed the New York Times to identify a grand jury witness and that Adams hadn't shown how he was prejudiced by the disclosure.
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January 08, 2025
Trump Asks Supreme Court To Stop NY Sentencing
Donald Trump asked the U.S. Supreme Court on Wednesday to halt proceedings in his New York criminal hush money case, including a sentencing hearing scheduled for Friday, as the president-elect seeks to throw out the charges and the jury's conviction.
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January 07, 2025
DOJ Watchdog Criticizes Trump Officials For COVID Leaks
The U.S. Department of Justice's Office of the Inspector General has found that senior Justice Department officials under the first Trump administration improperly leaked information about investigations into COVID-19 deaths in states run by Democrats shortly before the 2020 presidential election, according to a report posted Tuesday.
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January 07, 2025
Feds Say Adams' Bid For Indictment Info Would Hinder Probe
New York City Mayor Eric Adams is not entitled to more details about the charges in his corruption and bribery case, including the identities of alleged co-conspirators, federal prosecutors told a Manhattan federal court Monday, arguing that such information would prejudice the ongoing investigation and potentially lead to witness tampering.
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January 07, 2025
What To Know About Joe Nocella, Trump's EDNY Top Cop Pick
While few were expecting President-elect Donald Trump to select Nassau County District Judge Joseph Nocella as the next U.S. attorney for the Eastern District of New York, ex-prosecutors in the office and his former colleagues say he has the requisite experience and integrity for the job.
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January 07, 2025
Fla. Real Estate Agent Gets Prison Time For $1M PPP Fraud
A Florida federal judge on Tuesday excoriated a real estate agent for fraudulently obtaining more than $1 million from the Paycheck Protection Program, sentencing the agent to six months in prison and lamenting that she was prevented by a plea agreement from ordering additional restitution.
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January 07, 2025
Ex-Ill. Speaker Madigan Testifies In His Racketeering Trial
Former Illinois House Speaker Michael Madigan took the stand in his own defense Tuesday, testifying that he neither traded his public office for private gain nor demanded or accepted anything valuable in exchange for his official action, adding that he was "very angry" to learn that people who he'd recommended for jobs did little to no work.
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January 07, 2025
Cato Institute Urges Justices To Hear Jury Right Case
The Cato Institute asked the U.S. Supreme Court Tuesday to accept a social media influencer's certification petition over the denial of a jury trial for a misdemeanor, saying the erosion of the Constitutional jury right for "all crimes" goes against the founders' intentions.
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January 07, 2025
Conn. AG, Feds Reach 3rd Dentist Kickback Settlement
A joint investigation by state and federal law enforcement has netted its third settlement with a Connecticut dentist accused of using illegal patient recruiting tactics to rip off Medicaid.
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January 07, 2025
Cannabis Reformers Move To Oust DEA From Pot Hearings
The U.S. Drug Enforcement Administration has worked behind the scenes to undermine an administrative process that will determine whether federal restrictions on marijuana are relaxed, a group of reformers alleged in a new filing submitted to an agency tribunal.
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January 07, 2025
MoviePass Parent Co. Ex-CEO Cops To Investor Fraud
The former CEO of Helios & Matheson Analytics Inc., which owned a majority stake in the defunct discount unlimited movie ticketing service MoviePass, pled guilty Tuesday to making false statements about its business operations and inflating stock prices to attract investors.
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January 07, 2025
Fox Rothschild Adds Lawyer From King & Wood Mallesons
Fox Rothschild LLP announced the latest addition to its New York office on Monday, welcoming a former lawyer with the Manhattan District Attorney's Office and U.S. Department of Justice from Asia-based firm King & Wood Mallesons.
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January 07, 2025
US Atty In Calif.'s Eastern District To Resign
In the latest in a string of resignations before the upcoming presidential administration change, U.S. Attorney Phillip A. Talbert has announced he will step down as the top federal prosecutor in the Eastern District of California.
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January 07, 2025
Ex-Ozy Media Exec Who Testified Against Founder Avoids Jail
A Brooklyn federal judge allowed a former Ozy Media executive to avoid prison Tuesday for furthering a fraud that sunk the high-profile media startup, citing his cooperation with prosecutors who convicted company founder Carlos Watson of swindling tens of millions of dollars.
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January 07, 2025
Menendez's Wife Fears His Sentencing Would Taint Her Trial
The wife of former Sen. Robert Menendez asked a New York federal judge on Tuesday to delay her trial on bribery charges, scheduled for Feb. 5, to avoid having it commence within one week of the sentencing of her husband and co-defendant.
Expert Analysis
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Teaching Your Witness To Beat The Freeze/Appease Response
In addition to fight-or-flight, witnesses may experience the freeze/appease response at trial or deposition — where they become a deer in headlights, agreeing with opposing counsel’s questions and damaging their credibility in the process — but certain strategies can help, says Bill Kanasky at Courtroom Sciences.
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Think Like A Lawyer: 1 Type Of Case Complexity Stands Out
In contrast to some cases that appear complex due to voluminous evidence or esoteric subject matter, a different kind of complexity involves tangled legal and factual questions, each with a range of possible outcomes, which require a “sliding scale” approach instead of syllogistic reasoning, says Luke Andrews at Poole Huffman.
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Immigration Atty Tips For Avoiding Prosecution Under Trump
Under the incoming Trump administration, immigration attorneys may need to protect themselves from prosecution when advising clients who may not qualify for relief sought by choosing their words carefully and keeping other key factors in mind, says Michele Carney at Carney & Marchi.
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FTX Exec's Sentencing Shows Pros And Cons Of Cooperation
The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford.
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SEC Custody Rule Creates Crypto Compliance Conundrum
While the U.S. Securities and Exchange Commission's application of the custody rule may be a good faith attempt to enhance consumer protections for client assets, it doesn't appreciate the unique characteristics of crypto-assets, forcing advisers to choose between pursuing their clients' objectives and complying with the rule, say attorneys at Willkie.
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Think Like A Lawyer: Note 3 Simple Types Of Legal Complexity
Cases can appear complex for several reasons — due to the number of issues, the volume of factual and evidentiary sources, and the sophistication of those sources — but the same basic technique can help lawyers tame their arguments into a simple and persuasive message, says Luke Andrews at Poole Huffman.
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What Insurers Need To Know About OFAC's Expanded FAQs
The Office of Foreign Assets Control's recently expanded insurance FAQs clarify how OFAC views insurance policies in a number of specific circumstances involving sanctioned parties, and make plain that sanctions compliance is the responsibility of all participants in the insurance ecosystem, including underwriters, brokers and agents, say attorneys at Morgan Lewis.
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Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream
As shown by ongoing legal battles involving New York City Mayor Eric Adams and Sean “Diddy” Combs, it’s challenging for defendants to obtain relief when they believe the government leaked sensitive information to the media, but defense counsel can take certain steps to mitigate the harm, says Kenneth Notter at MoloLamken.
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Rethinking Clawback Policies For 2025 Compensation Season
The start of a new year presents an opportunity for companies to reassess their executive compensation clawback policies, and while mandatory Dodd-Frank clawbacks are necessary, discretionary policies can offer companies greater flexibility to address misconduct, protect their reputations and align with shareholder priorities, say attorneys at Debevoise.
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Series
Gardening Makes Me A Better Lawyer
Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.
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SEC Prioritized Enforcement Sweeps As Cases Slowed In '24
Following three consecutive years of increasing activity, fiscal year 2024 marked the lowest number of cases the U.S. Securities and Exchange Commission has brought since Gary Gensler assumed office in April 2021, buttressed by some familiar enforcement sweeps, say attorneys at Covington.
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Litigation Inspiration: Reframing Document Review
For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.
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Rank-And-File DOJ Attorneys Will Keep Calm And Carry On
Career prosecutors at the U.S. Department of Justice often pride themselves on their ability to remain apolitical in order to ensure consistency and keep the department’s mission afloat, and the incoming Trump administration is unlikely to upend this tradition, says Michael Landman at Bird Marella.
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Navigating 4th Circ.'s Antitrust Burden In Hybrid Relationships
The U.S. Supreme Court recently declined to review the Fourth Circuit's Brewbaker decision, a holding that heightens the burden on antitrust prosecutors when the target companies have a hybrid horizontal-vertical relationship, but diverges from other circuits, say attorneys at Troutman Pepper.
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5 Ways SEC's Crypto Approach Could Change Under Trump
Given the Trump campaign's procrypto stance, the U.S. Securities and Exchange Commission could take a number of different approaches to crypto policy in the next administration, including pausing registration-only enforcement actions and proposing tailored rules that take into account the differences between crypto-assets and traditional securities, say attorneys at WilmerHale.