White Collar

  • February 24, 2025

    US Was Behind Privatbank Nationalization, Suit Alleges

    Two Miami-based associates of the former owners of Ukraine's largest bank have sued the U.S. State Department in Florida, saying officials are wrongly refusing to release records showing that the U.S. — not an alleged $5 billion money laundering scheme — was behind the bank's nationalization in late 2016.

  • February 24, 2025

    Okla. Attorneys Say Tribes Can't Intervene In Jurisdiction Row

    Two Oklahoma district attorneys are fighting bids by the Cherokee, Chickasaw and Choctaw nations to intervene in the federal government's challenges to the DAs' attempts to prosecute tribal citizens for crimes committed in Indian Country, saying the tribes are adequately represented by the United States.

  • February 24, 2025

    Connecticut High Court Pick Wary Of Judicial Activism

    The chief judge of the Connecticut Appellate Court drew bright lines between the judicial and legislative branches Monday as lawmakers considered his nomination to the state Supreme Court, telling the General Assembly's Joint Judiciary Committee that he has "never been elected to anything" and does not intend to make law from the bench.

  • February 24, 2025

    Trump Media Co. Wants TRO Against Brazilian Justice

    President Donald Trump's media company and online video sharing platform Rumble Inc. have asked a Florida federal court for a temporary restraining order blocking a Brazilian Supreme Federal Court justice's gag orders, arguing they illegally suppress political speech in the United States.

  • February 24, 2025

    'Fraternal Duty' No Grounds For Conspiracy, 11th Circ. Told

    A Georgia man found guilty last year of participating in a bid-rigging and price-fixing scheme for tens of millions of dollars of ready-mix concrete contracts asked the Eleventh Circuit Friday to throw out his conviction, arguing federal prosecutors failed to prove a wide-ranging conspiracy that captured the coastal concrete market.

  • February 24, 2025

    Investor Settles In $2.1B Danish Tax Fraud Case

    A U.S. investor who was among those accused by Denmark's tax agency of participating in a $2.1 billion tax fraud scheme related to fraudulently claiming refunds on tax withheld from stock dividends has reached a settlement, according to New York federal court documents filed Monday.

  • February 24, 2025

    3rd Circ. Says $31M Order To Refill Class Funds Isn't Enough

    The Third Circuit on Monday vacated and sent back a district court's order for a New Jersey man convicted of stealing $40 million from settlements in stockholder class actions to pay $31 million in restitution, ruling the order didn't fully compensate each victim of the fraud.

  • February 24, 2025

    Crypto Exchange OKX To Pay $504M For Allowing Illicit Deeds

    Cryptocurrency exchange OKX on Monday agreed to pay $504 million in a deal with New York federal prosecutors who said the company ran afoul of U.S. anti-money laundering rules and allowed its platform to be used for more than $5 billion worth of suspicious transactions.

  • February 24, 2025

    'Varsity Blues' Suit Against USC An 'Uphill Battle,' Judge Says

    A Los Angeles judge said Monday that while a private equity investor's fraud suit against USC over his prosecution in the "Varsity Blues" case will likely make it past the pleading stage, he will later face an "uphill battle" given how much time has passed since the high-profile college admissions scandal.

  • February 24, 2025

    Investors Don't Have 'Shred' Of Fraud Evidence, Exxon Says

    Exxon Mobil Corp. has told a Texas federal judge that an investor class doesn't have a "shred of evidence" that the company engaged in the stock inflation scheme the investors allege.

  • February 24, 2025

    Justices Weigh Potentially Key Standing Issue In DNA Case

    The U.S. Supreme Court on Monday aggressively probed whether reinstating a district court ruling finding Texas' postconviction DNA testing procedures unconstitutional would give a man on death row legal standing to seek DNA evidence that could prove he is not eligible for the death penalty.

  • February 24, 2025

    DA Willis Says 'Makes No Sense' To DQ Her From Trump Case

    Fulton County District Attorney Fani T. Willis is arguing to the Georgia Supreme Court that her disqualification from prosecuting the Georgia election interference case against President Donald Trump and others was unprecedented, asserting that her ousting over the appearance of impropriety creates a dangerous precedent.

  • February 24, 2025

    Cravath Swaine Adds Ex-DOJ Criminal Division Leader In NY

    Cravath Swaine & Moore LLP announced Monday that it has hired the former acting assistant attorney general of the U.S. Department of Justice's Criminal Division to advise clients about civil and criminal matters.

  • February 24, 2025

    Elizabeth Holmes Loses 9th Circ. Appeal Over Theranos Fraud

    A Ninth Circuit panel on Monday affirmed the criminal fraud convictions of former Theranos CEO Elizabeth Holmes and former Theranos executive Ramesh "Sunny" Balwani along with their respective 11-year and nearly 13-year prison sentences, rejecting arguments that the lower court made multiple evidentiary errors that unfairly swayed jurors.

  • February 24, 2025

    Caplin & Drysdale Hires High-Profile Gov't Investigations Atty

    Caplin & Drysdale LLP has hired out of retirement the former U.S. Department of Justice counterintelligence chief who investigated Hillary Clinton's use of a private email server for classified information, Russian interference in the 2016 election and other high-profile investigations, the firm announced Wednesday.

  • February 22, 2025

    NY Judge Extends Block On DOGE's Treasury Access

    A New York federal judge on Friday barred Elon Musk's Department of Government Efficiency from accessing U.S. Treasury Department data, handing a win to 19 state attorneys general who claimed giving the new entity access to citizens' personal information posed a massive cybersecurity risk.

  • February 21, 2025

    Wall Street Groups Back Rescinding Biden Crypto Guidance

    Wall Street's top lobbies are backing President Donald Trump's cryptocurrency agenda and have called for the recission of Biden-era federal banking policies and guidance that it says have "hindered" banks' ability to engage in the digital asset industry.

  • February 21, 2025

    Up Next At High Court: Straight Discrimination & Trial Rights

    The U.S. Supreme Court will return to the bench Monday to debate whether majority-group plaintiffs should be held to higher evidentiary standards when bringing workplace discrimination claims and whether prisoners are entitled to jury trials when questions about pre-suit requirements are intertwined with the merits of their claims.

  • February 21, 2025

    Fla. Biz Owner Gets 4 Years In Prison For Worker Fraud Plot

    A Florida federal judge sentenced a construction business owner to four years in prison and ordered him to pay millions of dollars in restitution after pleading guilty to fraud-related charges in connection with an elaborate worker scheme and violating safety standards that led to the death of an employee.

  • February 21, 2025

    Shkreli Avoids Sanctions Over 'Frustrating' Wu-Tang Tangle

    Convicted former pharmaceutical executive Martin Shkreli won't have to pay sanctions after purportedly dragging his feet for nearly six months on complying with court orders to hand over copies of a Wu-Tang Clan album to the crypto project that bought it from him.

  • February 21, 2025

    New LA DA Doubts Menendez Brothers' Sexual Abuse Defense

    Los Angeles County's new district attorney on Friday opposed Erik and Lyle Menendez's bid for a new trial for the 1989 murder of their parents, expressing doubts that the brothers were molested by their father and saying that even if true, such abuse wouldn't form the basis for self-defense.

  • February 21, 2025

    Judge Trims $40M Green Energy Co. Investor Suit

    A Tennessee federal judge won't toss a proposed class action claiming that a Chicago green energy outfit and its executives used false promises of extravagant returns to lure investors, but ruled two defendants can escape some of the suit's claims.

  • February 21, 2025

    Diddy Atty Says No Way He Can Continue As Defense Counsel

    A defense attorney representing Sean "Diddy" Combs' in his criminal sex-trafficking case on Friday asked a Manhattan federal judge to allow him to quit, saying in a carefully worded court filing that "under no circumstances" could he continue to represent the disgraced hip-hop mogul.

  • February 21, 2025

    Ex-Trump Atty Powell Can't Dodge Michigan Ethics Claims

    The Michigan Attorney Discipline Board has denied Sidney Powell's latest attempt to shake misconduct claims over a legal challenge to Michigan's 2020 presidential election results and advancing Donald Trump's election fraud theories, finding that a Texas disciplinary board's decision not to discipline Powell isn't binding on the Michigan proceedings.

  • February 21, 2025

    6 Things To Know About Shein's Fast Fashion Feuds

    Ultra-fast fashion behemoth Shein is facing accusations of infringing intellectual property in dozens of cases from plaintiffs ranging from major fashion brands to individual artists. Here are six things to know about Shein's intellectual property battles.

Expert Analysis

  • What Insurers Need To Know About OFAC's Expanded FAQs

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    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.

  • Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream

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    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.

  • Rethinking Clawback Policies For 2025 Compensation Season

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    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.

  • Series

    Gardening Makes Me A Better Lawyer

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    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.

  • SEC Prioritized Enforcement Sweeps As Cases Slowed In '24

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    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.

  • Litigation Inspiration: Reframing Document Review

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    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.

  • Rank-And-File DOJ Attorneys Will Keep Calm And Carry On

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    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.

  • Navigating 4th Circ.'s Antitrust Burden In Hybrid Relationships

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    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.

  • 5 Ways SEC's Crypto Approach Could Change Under Trump

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    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.

  • Series

    Flying Makes Me A Better Lawyer

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    Achieving my childhood dream of flying airplanes made me a better lawyer — and a better person — because it taught me I can conquer difficult goals when I leave my comfort zone, focus on the demands of the moment and commit to honing my skills, says Ivy Cadle at Baker Donelson.

  • With Precautions, AI Can Help With Suspicious Activity Filings

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    While artificial intelligence can enhance suspicious activity report processes, financial services firms should review applicable expectations and areas of deficiencies that can lead to enforcement actions before using AI to help write SARs, say attorneys at Jenner.

  • Opinion

    Justices Should Squash Bid To Criminalize Contract Breaches

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    In Kousisis v. U.S., the U.S. Supreme Court should reject the sweeping legal theory that breaches of contract can satisfy the property element of the mail and wire fraud statutes, which, if validated, would criminalize an array of ordinary conduct and violate basic constitutional principles, say attorneys at The Norton Law Firm.

  • Series

    Circus Arts Make Me A Better Lawyer

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    Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson.

  • How D&O Coverage Can Aid Against Increased AI Scrutiny

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    The recent increase in regulatory enforcement and securities class actions stemming from corporate use of artificial intelligence should prompt companies to ensure that their directors and officers liability insurance coverage is appropriately tailored to AI-related risks, say attorneys at Reed Smith.

  • When Investigating An Adversary, Be Wary Of Forged Records

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    Warnings against the use of investigators who tout their ability to find an adversary’s private documents generally emphasize the risk of illegal activity and attorney discipline, but a string of recent cases shows an additional danger — investigators might be fabricating records altogether, says Brian Asher at Asher Research.

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