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White Collar
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January 08, 2025
Trump Electors May Have To Face Civil Suit, Mich. Panel Hints
A Michigan state appeals court seemed hesitant Wednesday to extend a freeze in a civil lawsuit against Republican electors criminally accused of participating in then-President Donald Trump's alleged efforts to change the outcome of the 2020 election, citing deference to the trial judge's decision to press on.
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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.
Expert Analysis
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New Year, New Risks: 8 Top Cyber Issues For Finance In 2025
As financial institutions forge ahead in 2025, they must strike a delicate balance between embracing technological innovation and guarding against its darker threats, which this year could include everything from supply chain vulnerabilities to deepfakes, say attorneys at Baker Donelson.
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Series
Playing Esports Makes Me A Better Lawyer
Competing in a global esports tournament at Wimbledon last year not only fulfilled my childhood dream, but also sharpened skills that are essential to my day job, including strategic thinking, confidence and networking, says AJ Schuyler at Jackson Lewis.
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Lessons From The SEC's 2024 Crackdown On AI Washing
AI washing was the subject of increased scrutiny from the U.S. Securities and Exchange Commission in 2024 following a surge in the commercial adoption of generative artificial intelligence technologies in 2023, highlighting the importance of transparency, accuracy and accountability when communicating about AI, say attorneys at Perkins Coie.
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Identifying Deepfakes During Evidence Collection, Discovery
Excerpt from Practical Guidance
Attorneys must familiarize themselves with the tools used to create and detect deepfakes — media manipulated by artificial intelligence to convincingly mimic real people and events — as well as best practices for keeping this fabricated evidence out of court, says Bijan Ghom at Saxton & Stump.
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An Associate's Guide To Career Development In 2025
As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.
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The Securities Litigation Trends That Will Matter Most In 2025
2025 is shaping up to be a significant year for securities litigation, as plaintiffs and defendants alike navigate shifting standards for omission theories of liability, class certification, risk disclosure claims and more, say attorneys at Willkie.
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How White Collar Enforcement May Shift In Trump's 2nd Term
After President-elect Donald Trump returns to the White House next month, the administration’s emphasis on immigration laws, drug offenses and violent crime will likely reduce the focus on white collar crime overall, but certain areas within the white collar world may see increased activity, say attorneys at Keker Van Nest.
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New Trump Admin May Bring Financial Oversight Turbulence
As President-elect Donald Trump prepares to begin his second term, his top financial market regulatory and securities law enforcement appointees, campaign promises, and regulatory preferences foretell a period of muddy regulatory waters, say attorneys at Kroll.
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The Justices' Securities Rulings, Dismissals That Defined '24
The U.S. Supreme Court's 2024 securities rulings led to increased success for defendants' price impact arguments, but the justices' decisions not to weigh in on important issues relating to the Private Securities Litigation Reform Act's pleading requirements may be just as significant, say attorneys at Skadden.
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Series
Fixing Up Cars Makes Me A Better Lawyer
From problem-solving to patience and adaptability to organization, the skills developed working under the hood of a car directly translate to being a more effective lawyer, says Christopher Mdeway at Kaufman Dolowich.
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Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
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Key Rulings On Sentencing Guidelines After Loper Bright
The U.S. Supreme Court's landmark decision in Loper Bright v. Raimondo raised questions as to when and whether courts should defer to the U.S. Sentencing Guidelines' commentary in disputes over the guidelines' meaning — but some recent appellate court rulings provide insights for defense counsel in this area, say attorneys at Foley & Lardner.
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Data Privacy Landscape After Mass. Justices' Wiretap Ruling
In Vita v. New England Baptist Hospital, Massachusetts’ highest court recently ruled that the state’s wiretap law doesn’t prohibit all tracking of website user activity, but major financial and reputational risks remain for businesses that aren't transparent about customer’s web data, says Seth Berman at Nutter.
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Compliance Lessons From Raytheon's FCPA Settlement
A recent Foreign Corrupt Practices Act action involving aerospace and defense company Raytheon underscores the importance of risk management related to retaining and overseeing third parties — especially in higher-risk jurisdictions — and the promotion of a companywide culture of compliance, say attorneys at Debevoise.
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Opinion
1 Year After Rule 702 Changes, Courts Have Made Progress
In the year since amendments to the Federal Rules of Evidence went into effect, many federal judges have applied the new expert witness standard correctly, excluding unreliable testimony from their courts — but now state courts need to update their own rules accordingly, says Lee Mickus at Evans Fears.