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White Collar
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September 16, 2025
Goldman, Morgan Stanley Beat Archegos Suit At 2nd Circ.
The Second Circuit on Tuesday upheld the dismissal of a lawsuit accusing Goldman Sachs and Morgan Stanley of profiting off insider knowledge that the investment firm Archegos Capital Management was about to collapse, ruling that the companies had no duty to withhold from trading on the information.
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September 16, 2025
Bitcoin Fog Operator Fights Conviction Over Venue, Evidence
The alleged operator of the Bitcoin Fog crypto mixer is urging the D.C. Circuit to overturn his conviction, claiming federal prosecutors failed to tie him to a crime in the district and relied on circumstantial forensic evidence to link him to money launderers' use of the anonymizing service.
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September 16, 2025
4th Circ. Revives RICO Claims On Amazon Project Kickbacks
The Fourth Circuit in a published decision Tuesday revived racketeering and other claims from Amazon.com Inc. after two former employees, a real estate developer and an attorney operated a kickback scheme as the company spent hundreds of millions of dollars on a set of data center projects in northern Virginia.
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September 16, 2025
FDIC Gets More Discovery In SVB Fraud Coverage Row
A Chubb unit must comply with a previous order forcing it to give documents relating to the drafting history of certain policy provisions to Silicon Valley Bank former parent SVB Financial Group in a $73 million private equity fraud coverage dispute, a North Carolina federal court ruled.
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September 16, 2025
Twitter Stock Maven Tells Jury He Was 'Addicted' To Trading
An Ohio salesman accused of securities fraud told a Manhattan federal jury Tuesday that he was hooked on trading penny stocks, after a rough morning of testimony during which a lawyer from the U.S. Securities and Exchange Commission forced him to admit his goal was to move share prices.
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September 16, 2025
Acting US Atty Denies Prosecution Of Lawmaker Is 'Selective'
The U.S. Department of Justice has requested that assault charges not be dismissed against U.S. Rep. LaMonica McIver, pushing back on claims the government is selectively prosecuting her following a confrontation with federal agents in May at an Immigration and Customs Enforcement facility in Newark.
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September 16, 2025
NJ Justices Suspend Atty Over Bank Loan Scheme Conviction
The New Jersey Supreme Court has indefinitely suspended an attorney and former director of the now-shuttered Park Avenue Bank after he was convicted for his role in a scheme to profit off of a loan using a straw borrower.
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September 16, 2025
Trump Taps US Atty Nominees For NC, NH And Louisiana
President Donald Trump has named U.S. attorney nominees for Louisiana, New Hampshire and North Carolina.
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September 16, 2025
Guo Ch. 11 Trustee Reveals $70K Deal With NY Law Firm
The Chapter 11 trustee overseeing Chinese exile Miles Guo's Connecticut bankruptcy estate settled a $115,600 clawback action against a New York immigration firm for $70,000, new court records show.
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September 15, 2025
Tom Goldstein Can't Pay Attys With 'Tainted Funds,' DOJ Says
Indicted appellate luminary Tom Goldstein cannot cover his legal bills by selling his multimillion-dollar home, because it's a "tainted asset" worth "far less" than his attorney fees, the U.S. Department of Justice said in a blistering court filing, adding that Goldstein may flee the country as his reputation and marriage collapse.
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September 15, 2025
Ex-Voyager CEO To Pay $750K To Resolve CFTC Action
A New York federal judge signed off on a deal Monday that will have the former CEO of Voyager Digital pay $750,000 to resolve the U.S. Commodity Futures Trading Commission's claims he misled investors about the safety of the crypto lender prior to its collapse.
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September 15, 2025
SEC Says 'Nutrient Infused' Water Biz Was A $10.3M Fraud
A phony dentist and his "nutrient infused" bottled-water company have agreed to settle U.S. Securities and Exchange Commission claims that they fraudulently raised $10.3 million from over 50 investors after he agreed to plead guilty to wire fraud in a parallel criminal case, the agency said Monday.
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September 15, 2025
DC Circ. Says Fed's Cook Can Keep Job For Now
A D.C. Circuit panel said Monday that Federal Reserve Gov. Lisa Cook can remain on the central bank's board while challenging President Donald Trump's effort to fire her, clearing the way for her to participate in a key interest-rate policy vote this week.
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September 15, 2025
No New Deals In $100M Commercial Bribery Case, NY DA Says
Prosecutors told a New York state judge Monday that there would be no plea deals for the men accused of orchestrating a $100 million corporate bribery and kickback scheme and that they were headed for trial in January, prompting defense attorneys to cry foul.
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September 15, 2025
2nd Circ. Backs Jimmy Kimmel In George Santos IP Fight
The Second Circuit on Monday declined to revive George Santos' claims against Jimmy Kimmel, ABC and Disney over video clips the late night host tricked the now-imprisoned former congressman into making, agreeing the fair use doctrine bars the copyright suit.
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September 15, 2025
Bank CEO's Wife Says She Never Joined $7M Fraud
The wife of a former Puerto Rican bank CEO asked a Florida federal judge Friday to dismiss the bank receiver's $7 million conspiracy claim against her, arguing that simply signing a loan note is not proof that she knowingly joined any scheme to defraud the bank.
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September 15, 2025
Engineer Who Tried To Pass Secrets To Russia Gets 10½ Years
A onetime defense contractor who held national security clearances will spend more than a decade in prison after he admitted to trying to help Russia and disclosing information about U.S. fighter jets to an undercover FBI agent, federal prosecutors said Monday.
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September 15, 2025
Tainted Evidence Sank Atty's Tax Court Case, 6th Circ. Told
The U.S. Tax Court relied on tainted evidence from the IRS when it affirmed the agency's denial of an Ohio attorney's attempt to deduct a theft loss and related legal expenses, he told the Sixth Circuit, urging it to reverse the lower court's ruling.
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September 15, 2025
Feds Urge 3rd Circ. To Restore NJ US Atty's Authority
The federal government has urged the Third Circuit to reverse a district court ruling disqualifying acting U.S. Attorney Alina Habba from prosecuting two criminal cases in New Jersey after the clock allegedly ran out on her interim term, arguing that her appointment is valid and that the court erred in its interpretation of the statute.
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September 15, 2025
Jay-Z Opposes Sexual Assault Accuser's Bid To Shield Name
Shawn "Jay-Z" Carter told an Alabama federal court on Friday that allowing a woman to remain anonymous in his defamation lawsuit against her and Texas lawyer Tony Buzbee would be "contrary to principles of justice and fairness" given that she continues to claim she was sexually assaulted by him and music mogul Sean "Diddy" Combs at a party when she was 13.
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September 15, 2025
Penny Stock Twitter Promos Not 'Scalping,' Trader Tells Jury
An Ohio salesman sparred with the U.S. Securities and Exchange Commission on Monday over his admitted heavy use of Twitter to promote penny stocks, as he sought to convince a Manhattan federal jury that $2.5 million he earned by trading was lawful.
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September 15, 2025
NJ AG Names New Leader Of Public Integrity Office
New Jersey Attorney General Matthew Platkin announced Monday that he has appointed a longtime prosecutor with a track record of handling high-profile corruption cases to lead the state Office of Public Integrity and Accountability.
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September 15, 2025
Ex-NFL Player Nabs Default Against Firms Tied To Adviser
Retired NFL defensive lineman Mike Rucker and his wife won default judgment against several companies tied to their former financial adviser who is accused of mismanaging their money, after a state Business Court judge said the entities failed to respond to the Ruckers' suit alleging they enabled the adviser's fraud.
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September 15, 2025
Ga. Businessman Guilty In Fla. FCPA Bribery Trial
A Florida federal jury on Monday found a Georgia businessman guilty of violating the Foreign Corrupt Practices Act by arranging to bribe Honduran government officials to secure contracts with the national police worth more than $10 million.
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September 15, 2025
Weil Adds 2 Acclaimed Trial Attys From Paul Hastings
Weil Gotshal & Manges LLP announced on Monday that it has welcomed two prominent West Coast litigators from Paul Hastings LLP, highlighting their extensive experience in headline-grabbing cases.
Expert Analysis
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Diversity, Equity, Indictment? Contractor Risks After Kousisis
The U.S. Supreme Court’s recent Kousisis v. U.S. decision, holding that economic loss is not required to sustain wire fraud charges related to fraudulent inducement, may extend criminal liability to government contractors that make false diversity, equity and inclusion certifications, say attorneys at Moore & Van Allen.
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Series
Law School's Missed Lessons: Navigating Client Trauma
Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.
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Opinion
Juries Are Key In Protecting The Rule Of Law
Absent from the recent discourse about U.S. rule of law is the crucial role of impartial jurors in protecting the equitable administration of justice, and attorneys and judges should take affirmative steps to reverse the yearslong decline of jury trials at this critical moment, says consultant Clint Townson.
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Opinion
4 Former Justices Would Likely Frown On Litigation Funding
As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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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.