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White Collar
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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.
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September 15, 2025
Ex-Epstein Prosecutor Maurene Comey Sues DOJ Over Firing
Maurene Comey, a former Manhattan federal prosecutor who brought high-profile criminal cases against the likes of Jeffrey Epstein and Sean "Diddy" Combs, sued the Justice Department on Monday alleging her abrupt July firing came "solely or substantially" because she is the daughter of former FBI Director James Comey, a Trump critic.
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September 14, 2025
Fed's Cook Defends Reinstatement As Trump Pushes For Stay
Federal Reserve Gov. Lisa Cook squared off with the Trump administration over the weekend as the D.C. Circuit mulls whether to keep in place a lower-court hold on President Donald Trump's effort to fire her ahead of a key interest-rate policy vote this coming week.
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September 12, 2025
Ex-Investor Relations Exec Gets 15 Months For Inside Trades
A former managing director for LifeSci Advisors LLC was sentenced to 15 months in prison on Friday聽for passing confidential information about several of the investor relations firm's clients to two friends who used it to make over $500,000 in illicit profits.
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September 12, 2025
SEC Seeks $160K From Ex-NFL Player For Insider Trading
The U.S. Securities and Exchange Commission said on Friday that former NFL player Jack Brewer should pay $160,000 in disgorgement, civil penalties and interest as a remedy for illegal insider trading.
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September 12, 2025
Mich. AG's Loss Spells Trouble For Other Fake Elector Cases
The dismissal of charges against Michigan Republicans who participated in the so-called fake elector plot after the 2020 presidential election shows that establishing intent could be a hurdle for prosecutors as they pursue similar cases in other states, legal experts said.
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September 12, 2025
Exile's Wife Loses Appeal Over $6.9M Connecticut Mansion
The wife of Chinese exile and convicted security fraud defendant Miles Guo lost her bid to shield a $6.9 million Greenwich mansion from her husband's creditors when a Connecticut federal judge ruled Friday that the property ultimately belongs to his Chapter 11 estate.聽
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September 12, 2025
Trader Sentenced For $1M Fraud Targeting Pro Athletes
A Colorado investor accused of stealing more than $1 million from clients, including some professional athletes, was sentenced to 37 months in prison at a hearing Friday, after a Colorado federal judge appeared unmoved by the trader's mitigation attempts.
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September 12, 2025
SEC Employee Traded Prohibited Crypto Stock, IG Says
The U.S. Securities and Exchange Commission's internal watchdog said on Friday that an agency employee earned more than $200,000 trading a cryptocurrency-related stock that he was prohibited from holding.
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September 12, 2025
McGinn Smith Cos. To Pay $44M To End Obama-Era SEC Suit
The U.S. Securities and Exchange Commission's long-running litigation over the McGinn Smith Ponzi scheme has wrapped up after a federal judge entered a $44.2 million judgment against entities accused of running a $125 million fraud that went bust in 2010.
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September 12, 2025
Family Of Businessman Must Face $80M Tax Scheme Claims
A theater businessman's descendants and extended family cannot avoid claims by the U.S. accusing them of knowingly engaging in an $80 million tax shelter scheme to sell their shares of the family holding company, a New York federal judge ruled, declining to toss the suit.
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September 12, 2025
Boston Activist Eyes Plea In Charity Fraud Case
A prominent Boston anti-violence activist asked a federal judge on Friday to schedule a change of plea hearing in a case alleging聽she misused donations to a nonprofit and pandemic assistance funds for housing, travel, dining and other personal expenses.
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September 12, 2025
Broker Wants DC Circ. View Of FINRA Constitutionality Claim
A broker-dealer representative has asked the D.C. Circuit to review a lower court's refusal to block an enforcement action against him from the Financial Industry Regulatory Authority despite his claims that the pending in-house hearing is unconstitutional under the U.S. Supreme Court's Jarkesy decision.
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September 12, 2025
Chinese Co. CEO, Adviser Charged In $100M Pump-And-Dump
An executive for a publicly traded Chinese technology company and a financial adviser were indicted Wednesday for allegedly running a complex pump-and-dump scheme that bilked more than $110 million from unwitting investors, the U.S. Department of Justice announced Friday.
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September 12, 2025
2nd Circ. OKs Verdict In DEA Bribe Case But Nixes Forfeiture
The Second Circuit on Friday affirmed the convictions of a pair of ex-Drug Enforcement Administration agents over a bribery scheme but overturned an order requiring both to forfeit funds, saying it would constitute a double payment for the same crime.
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September 12, 2025
Ex-US Attorney Expands Taft's Litigation Team In Cincinnati
Taft Stettinius & Hollister LLP has strengthened its Cincinnati roster with the recent addition of a litigator who spent more than 25 years with the U.S. Attorney's Office for the Southern District of Ohio.
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September 12, 2025
LA Lawyer Disbarred For Overcharging Inmate Clients
The Golden State's Supreme Court has disbarred a Los Angeles attorney who repeatedly collected "unconscionable legal fees" after misleading inmate clients about their chances for resentencing, the State Bar of California has announced.
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September 12, 2025
Another Investor Settles In $2.1B Danish Tax Fraud Case
A U.S. investor聽and two of his alleged pension plans have settled claims by Denmark's tax agency accusing them of聽participating in a $2.1 billion scheme that fraudulently claimed refunds on tax withheld from stock dividends, with a New York federal court dismissing the allegations.
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September 12, 2025
27-Year Labor Department Lawyer Makes Littler His First Firm
An attorney who has spent his entire career working in public service and who most recently completed more than 27 years with the U.S. Department of Labor's office focused on workplace safety has joined Littler Mendelson PC in Washington, D.C., the firm announced Wednesday.
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September 12, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen former Master Chef presenter Gregg Wallace sue the BBC, Elon Musk's xAI take legal action against a staff engineer, and fashion mogul Kevin-Gerald Stanford file a fresh claim against Lion Capital-owned Klotho and EY amid a long-running All Saints share acquisition dispute.
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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.
Expert Analysis
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How Securities Defendants Might Use New Wire Fraud Ruling
Though the Second Circuit鈥檚 recent U.S. v. Chastain decision 鈥 vacating the conviction of an ex-OpenSea staffer 鈥 involved the wire fraud statute, insider trading defendants might attempt to import the ruling鈥檚 reasoning into the securities realm, says Jonathan Richman at Brown Rudnick.
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Cos. Must Tailor Due Diligence As Trafficking Risks Increase
As legislators, prosecutors and plaintiffs attorneys increasingly focus on labor and sex trafficking throughout the U.S., companies must tailor their due diligence strategies to protect against forced labor trafficking risks in their supply chains, say attorneys at Steptoe.
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Series
Creating Botanical Art Makes Me A Better Lawyer
Pressing and framing plants that I grow has shown me that pursuing an endeavor that brings you joy can lead to surprising benefits for a legal career, including mental clarity, perspective and even a bit of humility, says Douglas Selph at Morris Manning.
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Supreme Court's Criminal Law Decisions: The Term In Review
Though the U.S. Supreme Court鈥檚 criminal law decisions in its recently concluded term proved underwhelming by many measures, their opinions revealed trends in how the justices approach criminal cases and offered reminders for practitioners, says Kenneth Notter at MoloLamken.
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Opinion
Budget Act's Deduction Limit Penalizes Losing Gamblers
A provision in the One Big Beautiful Bill Act that reduces the deduction for gambling losses is unfair to professional and recreational players, risks driving online activity to offshore sites, and will set back efforts to legalize and regulate the industry, says Walter Bourdaghs at Kang Haggerty.
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Opinion
The Legal Education Status Quo Is No Longer Tenable
As underscored by the fallout from California鈥檚 February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.
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The Int'l Compliance View: Everything Everywhere All At Once
Changes to the enforcement landscape in the U.S. and abroad shift the risks and incentives for global compliance programs, creating a race against the clock for companies to deploy investigative resources across worldwide operations, say attorneys at聽Dentons.
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'Pig Butchering' Seizure Is A Milestone In Crypto Crime Fight
The U.S.' recent seizure of $225 million in crypto funds in a massive "pig butchering" scheme highlights the transformative impact of blockchain analysis in law enforcement, and the increasing necessity of collaboration between law enforcement agencies, cryptocurrency exchanges and stablecoin issuers, says David Zaslowsky at Baker McKenzie.
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information 鈥 as opposed to considerations of privilege 鈥 courts have generally limited a party鈥檚 ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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How DOJ's New Data Security Rules Leave HIPAA In The Dust
The U.S. Department of Justice's recently effective data security requirements carry profound implications for how healthcare providers collect, store, share and use data 鈥 and approach vendor oversight 鈥 that go far beyond the Health Insurance Portability and Accountability Act, say attorneys at Nelson Mullins.
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Opinion
Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable 鈥 but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Reel Justice: 'Oh, Hi!' Teaches Attys To Return To The Statute
The new dark comedy film 鈥淥h, Hi!鈥 鈥 depicting a romantic vacation that turns into an inadvertent kidnapping 鈥 should remind criminal practitioners to always reread the statute to avoid assumptions, meet their ethical duties and finesse their trial strategy, says Veronica Finkelstein at Wilmington University School of Law.
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How Banks Can Harness New Customer ID Rule's Flexibility
Banking regulators' update to the customer identification process, allowing banks to collect some information from third parties rather than directly from customers, helps modernize anti-money laundering compliance and carries advantages for financial institutions that embrace the new approach, say attorneys at Bradley Arant.
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Opinion
Premerger Settlements Don't Meet Standard For Bribery
Claims that Paramount鈥檚 decision to settle a lawsuit with President Donald Trump while it was undergoing a premerger regulatory review amounts to a quid pro quo misconstrue bribery law and ignore how modern legal departments operate, says Ediberto Rom谩n at the Florida International University College of Law.
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Series
Playing Soccer Makes Me A Better Lawyer
Soccer has become a key contributor to how I approach my work, and the lessons I鈥檝e learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O鈥橞yrne at MoFo.