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White Collar
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September 11, 2025
Ex-Two Sigma Quant Rigged Models For $23M Profit, Feds Say
A former Two Sigma Investments quantitative analyst was hit Thursday with criminal charges and a civil enforcement action for allegedly manipulating the hedge fund's algorithmic models used to forecast securities performance in order to snag a $23 million payday while causing $165 million in harm to clients.
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September 11, 2025
Trump's CFTC Nominee Publicly Feuds With Winklevoss Twins
Brian Quintenz is accusing crypto exchange founders Tyler and Cameron Winklevoss of pressuring President Donald Trump to delay his nomination to lead the U.S. Commodity Futures Trading Commission, saying in a social media post that the identical 44-year-old twins were apparently unhappy that he refused to make promises about a complaint they've lodged against agency attorneys.
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September 11, 2025
Girardi's Atty, Judge Debate If His Conviction Is 'Debatable'
A California federal judge pushed back Thursday on arguments by Tom Girardi's lawyer that he should be free on bond while he appeals his wire fraud conviction, saying that debating the case doesn't automatically mean it raises "fairly debatable" questions sufficient to meet the Ninth Circuit's standard for remaining free on appeal.
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September 11, 2025
Ex-Nikola CEO Seeks To Undo Investor Class In Fraud Case
Former Nikola CEO Trevor Milton on Thursday asked an Arizona federal judge to decertify at least part of a class of investors accusing him and the company of exaggerating the viability of Nikola's technology and its business prospects, arguing the lead investors didn't identify and contact class members during discovery.
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September 11, 2025
SEC Sues Podcast Host, Others Over $82M In Securities Sales
A trio of allegedly unregistered securities brokers, including a podcaster, are facing a suit from the U.S. Securities and Exchange Commission, alleging they sold unregistered oil and gas securities at the behest of sponsors of the associated unregistered offerings, raising a combined $82 million in exchange for transaction-based compensation.
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September 11, 2025
SEC Drops Suit Against Nikola Founder After Trump's Pardon
The U.S. Securities and Exchange Commission on Thursday ended its civil enforcement action in New York federal court against Nikola founder Trevor Milton months after he was pardoned by President Donald Trump for his securities fraud conviction on charges of lying to boost the company's stock on Wall Street.
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September 11, 2025
Federal Judges Faced Over 500 Threats Amid Rising Tensions
More than 500 threats have been made to federal judges over the last year to over 300 distinct judges, according to data released by the U.S. Marshals Service.
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September 11, 2025
US Attorneys, Judicial Noms Advance Amid Senate Tensions
Sen. Chuck Grassley, R-Iowa, chair of the Senate Judiciary Committee, faulted Senate Minority Leader Chuck Schumer, D-N.Y., on Thursday, for getting in the way of efforts by him and Sen. Dick Durbin, D-Ill., the committee's ranking Democrat, to expedite the confirmation of U.S. attorney nominees.Â
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September 11, 2025
Ex-Mars Risk Exec Cops To Wire Fraud In $28M Fraud Case
Mars Inc.'s former risk executive copped to wire fraud and tax evasion in Connecticut federal court Thursday over a scheme where he bilked the company out of more than $28 million by diverting funds from Mars assets to an account of a shell entity he created, and billing Mars for phony services.
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September 11, 2025
Atty Accused Of Cyberstalking Law Firm Partner, Another Atty
A Texas attorney has been arrested for allegedly cyberstalking and threatening to kill two other attorneys, one of whom is believed to be a partner at Latham & Watkins LLP.
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September 11, 2025
Nigerian Man Cops To Wire Fraud In $1.3M PPP Loan Case
A Nigeria-born man pled guilty to one count of wire fraud on Thursday after being accused in 2023 of filing for more than $1.3 million in fraudulent COVID-19 relief loans from the Small Business Administration, while also agreeing to pay restitution and forfeit certain assets.
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September 11, 2025
2 DOJ Veterans Join Lawyers For Good Government
Lawyers for Good Government announced Thursday that two longtime U.S. Department of Justice attorneys have joined the organization's ranks to help expand the reach of its Pro Bono Litigation Corps.
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September 11, 2025
Mistrial Declared For Execs Accused Of Bribing Navy Admiral
A D.C. federal judge declared a mistrial Thursday in the case of two consulting company executives accused of bribing a top U.S. Navy admiral with a lucrative post-retirement job in exchange for government contracts.
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September 11, 2025
Nadine Menendez Gets 4½ Years In Bribery Case
A Manhattan federal judge on Thursday sentenced Nadine Menendez to 4½ years in prison following her conviction at trial for aiding her husband Bob Menendez's corruption by acting as the go-between for bribe payments made to the former U.S. senator to help further the business and personal interests of three New Jersey businessmen.
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September 11, 2025
Italian Firm Adds Obama Counsel For Cross-Border Advice
A former senior U.S. Department of Justice lawyer and senior counsel for former President Barack Obama has joined Italian digital media technology and life sciences firm Portolano Cavallo to bolster its cross-border capabilities, it announced Thursday.
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September 10, 2025
Medical Pot Manager Appeals $2M Judgment In Fraud Case
The manager of a medical marijuana collective is appealing a $2.25 million judgment against him after losing a jury trial and a subsequent motion for a new trial in a lawsuit brought by an investor concerning shareholder rights in a cannabis corporation.
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September 10, 2025
SEC Says Adviser Startup Broke Investor Data Privacy Rule
An investment adviser representative and his firm were hit with a suit from the U.S. Securities and Exchange Commission on Wednesday over claims that the adviser, among other things, emailed himself confidential client information from his former employer as a step in creating his own investment firm.
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September 10, 2025
Ga. Panel Says Privilege Can Cover Unlicensed In-House Atty
The Georgia Court of Appeals said a trial court rightly found that Church's Chicken and its chief legal officer were protected by attorney-client privilege in a franchisee's contract suit, finding privilege can sometimes cover communications between a corporation and unlicensed in-house counsel.
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September 10, 2025
Ex-NYPD Officer Gets 3 Years For Forex Fraud Scheme
A former New York City police officer turned foreign currency exchange investor on Wednesday was sentenced to three years in prison for defrauding investors out of over $4 million through lies about nonexistent risk mitigation measures.
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September 10, 2025
Feds Want 10 Years For Ex-Navy Admiral In Bribe Case
Prosecutors asked a federal judge Tuesday to sentence a former top U.S. Navy admiral to more than 10 years for corruption, while his own legal team said a sentence without prison time will be enough punishment.
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September 10, 2025
Unions' Challenge To Fed. Layoffs, Reorganizations Proceeds
The Trump administration must continue facing a union-backed challenge to its federal worker layoffs and agency reorganizations, a California federal judge ruled, tossing the administration's argument that the U.S. Supreme Court cast enough doubt on the suit's legitimacy by pausing an injunction to justify dismissing the case.
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September 10, 2025
CORRECTED: Fla. Court Affirms $131M Judgment For Trinidad And Tobago
A Florida appeals court Wednesday affirmed a $131 million judgment against a trio of businessmen a jury found conspired to defraud the Republic of Trinidad and Tobago out of more than $32 million in a bid-rigging scheme that involved the government awarding hyperinflated airport construction contracts.
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September 10, 2025
Trump To Take Fed Gov. Cook's Removal Case To DC Circ.
President Donald Trump on Wednesday told a Washington, D.C., federal judge that the government will appeal the judge's decision granting a temporary win to Federal Reserve Gov. Lisa Cook in her challenge to the president's attempt to remove her from her position.
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September 10, 2025
DOJ Must Hand Over Documents To Ex-JPMorgan Trader
A Washington, D.C., federal judge has ruled that the U.S. Department of Justice did not properly withhold portions of documents that reference grand jury exhibits from a former JPMorgan trader that were part of a market manipulation case that he beat in 2018, and ordered the DOJ to turn over the documents in question.
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September 10, 2025
Private Equity Fund CEO Charged In $62.5M Ponzi-Like Fraud
The founder of a private equity fund was charged with wire fraud in California federal court for allegedly scamming about $62.5 million from 500 investors through sham promissory notes that purported to yield investment returns up to 15%, while using investors' cash to pay interest to other investors in a Ponzi-like scheme.
Expert Analysis
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Congress Crypto Movement Could Bring CFTC 'Clarity' At Last
The Clarity Act's arrival at the House floor during "Crypto Week" in Congress demonstrates enduring bipartisan support for legislation addressing digital assets and the Commodity Futures Trading Commission's important role in a future regulatory structure, say attorneys at DLA Piper.
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Practical Implications Of SEC's New Crypto Staking Guidance
The U.S. Securities and Exchange Commission's recent staff guidance that protocol staking does not constitute securities offerings provides a workable compliance blueprint for crypto developers, validators and custodial platforms willing to keep staking strictly limited to protocol-driven rewards, say attorneys at Cahill.
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DOJ Actions Signal Rising Enforcement Risk For Health Cos.
The U.S. Department of Justice's announcement of a new False Claims Act working group, together with the largest healthcare fraud takedown in history, underscore the importance of sophisticated compliance programs that align with the DOJ's data-driven approach, say attorneys at Debevoise.
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How Attys Can Use AI To Surface Narratives In E-Discovery
E-discovery has reached a turning point where document review is no longer just about procedural tasks like identifying relevance and redacting privilege — rather, generative artificial intelligence tools now allow attorneys to draw connections, extract meaning and tell a coherent story, says Rose Jones at Hilgers Graben.
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New FCPA Guidance May Flip The Whistleblowing Script
The U.S. Department of Justice’s updated Foreign Corrupt Practices Act guidelines lay out a new incentive structure that may put multinational U.S.-based companies in an unusual offensive whistleblowing position, potentially spurring them to conduct external investigations of their foreign rivals, says Markus Funk at Perkins Coie.
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How To Strengthen A Case By Mastering Expert Witness Prep
A well-prepared expert witness can bolster a case's credibility with persuasive qualifications, compelling voir dire responses and concise testimony that can withstand cross-examination, says Allison Rocker at Baker McKenzie.
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Spotlight On Medicare Marketing Practices Enforcement Trend
Recent U.S. Department of Justice actions, including its recent Medicare kickback allegations in Shea v. eHealth, demonstrate increasing enforcement scrutiny on Medicare Advantage marketing practices, say Ellen London at London & Naor, Li Yu at Bernstein Litowitz and Erica Hitchings at the Whistleblower Law Collaborative.
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New FCPA Guidance Creates 5 Compliance Imperatives
In light of new Foreign Corrupt Practices Act guidelines that mark a fundamental shift in enforcement priorities, companies should consider several specific steps to ensure compliance, from enhanced due diligence to robust whistleblower protections, says Andrew Wirmani at Reese Marketos.
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How Justices' Ruling Limits Options To Challenge DHS Orders
In Riley v. Bondi, the U.S. Supreme Court recently ruled that a 30-day deadline for challenging deportation orders begins when the U.S. Department of Homeland Security issues a final administrative review order, opening the door for the government to effectively bar circuit court review in future similar cases, says Kevin Gregg at Kurzban Kurzban.
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Series
Playing The Violin Makes Me A Better Lawyer
Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.
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DOJ Enforcement Trends To Watch In 2nd Half Of 2025
Recent investigations, settlements and a declination to prosecute suggest that controlling the flow of goods into and out of the country, and redressing what the administration sees as reverse discrimination, are likely to be at the forefront of the U.S. Department of Justice's enforcement agenda the rest of this year, say attorneys at Baker Botts.
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Federal Regs Order May Spell Harsher FDCA Enforcement
A recent executive order aimed at reducing criminal prosecutions of those who unknowingly violate complex federal regulations may actually lead to more aggressive felony indictments under the Federal Food, Drug and Cosmetic Act, but companies and executives can mitigate risks by following several key principals, say attorneys at McGuireWoods.
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DOJ's 1st M&A Declination Shows Value Of Self-Disclosures
The U.S. Department of Justice's recent decision not to charge private equity firm White Deer Management — the first such declination under an M&A safe harbor policy announced last year — signals that even in high-priority national security matters, the DOJ looks highly upon voluntary self-disclosures, say attorneys at Perkins Coie.
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Series
Law School's Missed Lessons: Practicing Self-Care
Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.
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ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'
The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.