White Collar

  • October 24, 2024

    Why A Top Detroit-Area Judge Isn't Scrapping Virtual Hearings

    Despite signing a public editorial declaring that virtual hearings erode the public's trust in the judiciary, the Detroit area's top circuit court judge told Law360 on Thursday that she has no plans to do away with remote options for willing litigants. However, she insisted that the spate of Zoom proceedings had dulled some lawyers' skills and led to delays in some cases because of that lack of preparation. 

  • October 24, 2024

    2nd Circ. Says Healthcare Arbitrations Were Properly Halted

    The Second Circuit affirmed Thursday that a lower court properly halted a group of healthcare providers from pursuing thousands of arbitrations against State Farm as part of an alleged massive fraudulent scheme, ruling in a novel opinion the injunction did not violate federal arbitration law.

  • October 24, 2024

    SEC Says Broker Still Owes $3.5M Over Pre-IPO Stock Scheme

    The U.S. Securities and Exchange Commission wants a Manhattan federal court to enforce its nearly $3.5 million administrative order against an unregistered broker-dealer and its managing member, who allegedly made over $65 million selling interests in a portfolio of companies that hadn't yet gone public.

  • October 24, 2024

    LA County DA Moves To Trim Menendez Brothers' Sentences

    Los Angeles County District Attorney George Gascón announced Thursday that he's filing to reduce the life sentences of Erik and Lyle Menendez for murdering their parents in 1989, a move that could make the brothers immediately eligible for parole.

  • October 24, 2024

    Atty Jim Walden Launches Campaign To Be NYC Mayor

    Jim Walden of Walden Macht Haran & Williams LLP entered the New York City 2025 mayoral race this week as a new challenger to the recently indicted incumbent Mayor Eric Adams, running on a vow to fight corruption in the city.

  • October 24, 2024

    Survivors Say They Were Excluded From Tulsa Committee

    The two remaining survivors of one of the deadliest incidents of mass race violence in the country's history say the city of Tulsa, Oklahoma, has excluded them from a commission geared toward recommending how reparations can be made for the 1921 destruction of a once-thriving Black community in Indian Country.

  • October 24, 2024

    Va. Judge Won't Block Feds' Nonprofit Disclosure Law

    A Virginia federal judge on Oct. 24 refused to stop the U.S. Department of the Treasury from enforcing a law that requires nonprofits such as community associations to disclose personal identifying information about their beneficial owners and applicants to a Treasury agency that focuses on stopping financial crimes.

  • October 24, 2024

    DOJ Pushes Justices To Revive Bid-Rigging Conviction

    Federal prosecutors told the U.S. Supreme Court that the Fourth Circuit got it wrong last year when it vacated the bid-rigging conviction of aluminum pipe maker Contech's former executive, arguing Wednesday that agreements between firms can be per se unlawful even when they have a vertical relationship.

  • October 24, 2024

    Feds Ask To Adjourn Trial For Crypto Maven After He Flees

    Prosecutors asked a Brooklyn federal judge to push back the trial date for a German cryptocurrency firm founder who they said tampered with his ankle monitor and absconded while out on bail on investor fraud charges.

  • October 24, 2024

    Program Led To Surge In Officers, Arrests For Tribes, FBI Says

    A surge in FBI personnel in a program designed to address violent crimes in tribal communities allowed agents to focus on more than 300 cases in the last two years, the agency said, including investigations into missing and murdered Indigenous people that victims' advocates have called for for years.

  • October 24, 2024

    Nigeria Frees Binance Exec Detained Over Money Laundering

    Nigeria's government released a top executive at cryptocurrency exchange Binance whom the government had been holding liable for money laundering charges against the company, the U.S. government and the exchange's CEO said Thursday.

  • October 24, 2024

    Defunct Yoga Biz Co-Owner Cops To Tax-Dodging Conspiracy

    A Seattle-area computer programmer who co-owned the defunct Yoga to the People business told a Manhattan federal judge on Thursday that he schemed to short the IRS on over $4 million of income, copping to a tax fraud conspiracy count.

  • October 24, 2024

    Pillsbury Brings On Former Federal Prosecutor In San Diego

    Pillsbury Winthrop Shaw Pittman LLP is expanding its West Coast litigation team to meet increased client demand, announcing Thursday it is bringing in a former assistant U.S. attorney as counsel in its San Diego office.  

  • October 24, 2024

    Feds Want Leniency For Key Witness At Bankman-Fried Trial

    Prosecutors asked a Manhattan federal judge for leniency when sentencing a former FTX executive who they said provided "substantial" assistance and testimony in the successful prosecution of the bankrupt cryptocurrency exchange's founder Sam Bankman-Fried.

  • October 24, 2024

    Huawei Trade Secrets Trial Pushed Back To 2026

    A Washington federal judge on Thursday approved a request from Huawei and the government to delay a trial until October 2026 in a case alleging the company stole T-Mobile's trade secrets.

  • October 24, 2024

    Hemp Industry Group Sues Texas City, DEA Over Raids

    A hemp industry trade group has sued the city of Allen, Texas, and the U.S. Drug Enforcement Administration in Texas federal court, alleging they raided and seized a small business' hemp inventory and arrested its manager in violation of state and federal law.

  • October 24, 2024

    Ex-Moody's GC Gets Prison For Tax-Filing Fail On $54M In Pay

    The former general counsel for Moody's Corp. was sentenced Thursday to eight months in prison for willfully failing to file federal income tax returns for four years in which he collected $54 million in income.  

  • October 24, 2024

    MVP: Kaplan Marino's Nina Marino

    Nina Marino, founding partner of white collar boutique Kaplan Marino PC, secured a full acquittal for engineering firm founder Dennis Mitsunaga in a 12-week jury trial in Hawaii, and ensured that charges were dismissed against a lawyer accused by the district attorney's office in Orange County, California, of running an illegal referral and kickbacks scheme before the case ever went to trial, earning her a spot as one of the 2024 Law360 White Collar MVPs.

  • October 24, 2024

    SEC Says German On Hook For $4.6M Tied To Fraud Scheme

    The U.S. Securities and Exchange Commission asked a judge on Thursday to reinstate a $3.3 million disgorgement order, plus $1.3 million in interest, against a German national who allegedly received proceeds from a multinational pump-and-dump scheme.

  • October 24, 2024

    Mass. Justices Reject Meta, Google 'Wiretap' Claims

    Massachusetts' highest court on Thursday found that website operators' use of tracking software like Meta Pixel and Google Analytics does not violate the state's wiretap law, drawing a sharp dissent from one justice who said the legislature will now need to "correct" the court's mistake.

  • October 23, 2024

    Trump Shooting Suspect Seeks Fla. Judge's Recusal

    A man charged with attempting to shoot former President Donald Trump wants the Trump-appointed judge overseeing his case to step aside to preserve the appearance of impartiality, pointing Wednesday to news articles speculating that she could be in the running for a top legal position if Trump wins reelection.

  • October 23, 2024

    Feds, Huawei Ask To Delay 'Complex' Trade Secret Theft Trial

    Washington federal prosecutors and Huawei have both asked to delay until 2026 a trial in a case accusing the company of stealing T-Mobile's trade secrets, noting the complexity of the case and difficulties the attorneys for the Chinese chipmaker have had communicating with witnesses.

  • October 23, 2024

    TD Bank Faces Investor Suit Over $3B AML Failures Fine

    TD Bank and four of its executives have been hit with a shareholder class action suit over stock price drops the Canadian bank suffered after U.S. authorities announced a $3 billion settlement over vast compliance failures in TD's anti-money laundering controls.

  • October 23, 2024

    Venezuelan TV Mogul Charged In $1.2B PDVSA Bribe Scheme

    A Florida federal grand jury returned an indictment Wednesday charging a Venezuelan television news network owner with participating in a $1.2 billion scheme to launder funds from Venezuela's state-owned energy company Petróleos de Venezuela SA in exchange for bribes to Venezuelan officials.

  • October 23, 2024

    Investor Tied To Texas AG Seeks Investigation Info From Feds

    Real estate investor Nate Paul is looking to get more information from federal prosecutors about their investigation into federal fraud charges he's facing — topics that featured prominently during the failed impeachment of Texas Attorney General Ken Paxton — according to court filings from U.S. Attorney's Office employees.

Expert Analysis

  • Navigating A Potpourri Of Possible Transparency Act Pitfalls

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    Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.

  • A Preview Of AI Priorities Under The Next President

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    For the first time in a presidential election, both of the leading candidates and their parties have been vocal about artificial intelligence policy, offering clues on the future of regulation as AI continues to advance and congressional action continues to stall, say attorneys at Mintz.

  • How Companies Are Approaching Insider Trading Policies

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    An analysis of insider trading policies recently disclosed by 49 S&P 500 companies under a new U.S. Securities and Exchange Commission rule reveals that while specific provisions vary from company to company, certain common themes are emerging, say attorneys at Gibson Dunn.

  • How Methods Are Evolving In Textualist Interpretations

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    Textualists at the U.S. Supreme Court are increasingly considering new methods such as corpus linguistics and surveys to evaluate what a statute's text communicates to an ordinary reader, while lower courts even mull large language models like ChatGPT as supplements, says Kevin Tobia at Georgetown Law.

  • 5 Ways To Confront Courtroom Technology Challenges

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    Recent cybersecurity incidents highlight the vulnerabilities of our reliance on digital infrastructure, meaning attorneys must be prepared to navigate technological obstacles inside the courtroom, including those related to data security, presentation hardware, video playback and more, says Adam Bloomberg at IMS Legal Strategies.

  • ESA Ruling May Jeopardize Gulf Of Mexico Drilling Operations

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    A Maryland federal court's recent decision in Sierra Club v. National Marine Fisheries Service, vacating key Endangered Species Act analyses of oil and gas operations in the Gulf of Mexico, may create a gap in guidance that could expose operators to enforcement risk and even criminal liability, say attorneys at Holland & Knight.

  • Navigating New Enforcement Scrutiny Of 'AI Washing'

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    The U.S. Securities and Exchange Commission's recent lawsuit against Joonko Diversity, its first public AI-focused enforcement action against a private company, underscores the importance of applying the same internal legal and compliance rigor to AI-related claims as other market-facing statements, say attorneys at Fried Frank.

  • Avoiding Corporate Political Activity Pitfalls This Election Year

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    As Election Day approaches, corporate counsel should be mindful of the complicated rules around companies engaging in political activities, including super PAC contributions, pay-to-play prohibitions and foreign agent restrictions, say attorneys at Covington.

  • Why Attorneys Should Consider Community Leadership Roles

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    Volunteering and nonprofit board service are complementary to, but distinct from, traditional pro bono work, and taking on these community leadership roles can produce dividends for lawyers, their firms and the nonprofit causes they support, says Katie Beacham at Kilpatrick.

  • 'Pig Butchering': The Scam That Exploits Crypto Confusion

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    Certain red flags can tip off banks to possible "pig-butchering," and with the scam's increasing popularity, financial institutions need to take action to monitor entry points into the crypto space, detect suspicious activity and provide a necessary backstop to protect customers, say Brandon Essig and Mary Parrish McCracken at Lightfoot Franklin.

  • Opinion

    Agencies Should Reward Corporate Cyber Victim Cooperation

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    The increased regulatory scrutiny on corporate victims of cyberattacks — exemplified by the U.S. Securities and Exchange Commission's case against SolarWinds — should be replaced with a new model that provides adequate incentives for companies to come forward proactively and collaborate with law enforcement, say attorneys at McDermott.

  • Firms Must Offer A Trifecta Of Services In Post-Chevron World

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    After the U.S. Supreme Court’s Loper Bright Enterprises v. Raimondo decision overturning Chevron deference, law firms will need to integrate litigation, lobbying and communications functions to keep up with the ramifications of the ruling and provide adequate counsel quickly, says Neil Hare at Dentons.

  • 5 Ways Life Sciences Cos. Can Manage Insider Trading Risk

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    In light of two high-profile insider trading jury decisions against life sciences executives this year, public companies in the sector should revise their policies to account for regulators' new and more expansive theories of liability, says Amy Walsh at Orrick.

  • How Ripple Final Judgment Fits In Broader Crypto Landscape

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    The Southern District of New York's recent $125 million civil penalty levied in U.S. Securities and Exchange Commission v. Ripple will have a broad impact on the crypto industry as it was the first to hold that blind sales of digital assets are not securities, even if deemed securities in other circumstances, say attorneys at BakerHostetler.

  • 5 Tips To Succeed In A Master Of Laws Program And Beyond

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    As lawyers and recent law school graduates begin their Master of Laws coursework across the country, they should keep a few pointers in mind to get the most out of their programs and kick-start successful careers in their practice areas, says Kelley Miller at Reed Smith.

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