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White Collar
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August 12, 2025
3rd Circ. Spurns Perrigo Investor's Bid To Avoid $97M Deal
A major shareholder in Perrigo Co. PLC has been barred from opting out of a $97 million securities class action settlement, after the Third Circuit held in a precedential opinion on Tuesday that the investor must bear the consequences of its counsel's failure to timely request exclusion.
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August 12, 2025
Guo Ch. 11 Trustee Seeks Additional Time Chasing Relatives
The Chapter 11 trustee overseeing Miles Guo's estate on Tuesday asked a Connecticut bankruptcy judge for six additional months to file potential clawback claims against six of the Chinese exile's relatives and business associates, saying he's examining money transfers from Australia and China and "bags of cash" for Guo's daughter.
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August 12, 2025
Feds Say High Court Case Supports Discord Trader Indictment
Federal prosecutors and a group of men accused of running a $114 million pump-and-dump stock scheme over Discord have made their case for whether a recent U.S. Supreme Court decision means a judge was correct in tossing a 21-count indictment against the men.
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August 12, 2025
No New Foreign Bribery Trial For Ex-Connecticut Oil Trader
A former Connecticut oil trader faces sentencing Nov. 4 after a federal judge declined to overturn a jury's verdict finding him guilty of paying bribes to an official at Brazilian oil giant Petroleo Brasileiro SA and laundering money.
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August 12, 2025
NM School Board Sues Feds Over Native American Bias Probe
A New Mexico school board is suing the U.S. Equal Employment Opportunity Commission and acting Chair Andrea Lucas, arguing they overstepped their authority by lodging an "overly broad and vague" Native American discrimination charge and probe against it.
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August 12, 2025
DOJ Demurs On Lawsuit Seeking Emil Bove Docs
The U.S. Department of Justice is contesting a watchdog's lawsuit seeking to obtain public records requests on now-Third Circuit Judge Emil Bove, who was formerly President Donald Trump's criminal attorney and a top DOJ official.
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August 12, 2025
Pa. Guilty Plea Means Nothing To Malpractice Case, Atty Says
An ex-chief financial officer suing his former attorney for allegedly coercing him into a consent agreement that landed him with an over $12 million judgment has urged a Florida federal court to keep his malpractice case against the attorney on track.
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August 12, 2025
Uber's Tip Led FBI To $5M 'Grandparent Scam' Ring, Feds Say
A suspicious pattern of Uber trips to banks by older people led the company to contact the FBI, uncovering a multinational "grandparent scam" operation that stole $5 million from at least 400 people, Massachusetts federal prosecutors said Tuesday.
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August 12, 2025
AI Staffing Co. Joonko Gets OK To Wind Down In Ch. 11
A Delaware bankruptcy judge on Tuesday approved Joonko Diversity Inc.'s Chapter 11 liquidation plan after the debtor resolved objections from shareholders and others, letting the artificial intelligence-powered recruitment firm wind down its business and repay creditors.
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August 11, 2025
5th Circ. Backs Mexican Banks' Subpoena For Fraud Case
The Fifth Circuit on Monday refused to revive a Mexican businessman's motion to quash a subpoena stemming from major Mexican financial institutions' efforts to obtain discovery as they pursue claims that the businessman absconded with $32 million in loans, saying it detected "no error" in a lower court's denial.
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August 11, 2025
9th Circ. Affirms SEC Win In Life Insurance Investment Row
The Ninth Circuit ruled in a published opinion Monday that fractional interests in life settlements are investment contracts and thus securities, backing the U.S. Securities and Exchange Commission's win against Pacific West Capital Group agents, who the SEC alleged sold unregistered securities and didn't properly register as broker-dealers.
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August 11, 2025
Feds Charge Mexican Businessmen In Pemex Bribery Scheme
Two Mexican businessmen living in the U.S. are accused of taking part in a bribery scheme to secure at least $2.5 million in business with Mexico's state-owned oil company, Petróleos Mexicanos, the U.S. Department of Justice announced Monday.
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August 11, 2025
'Flipping NJ' Developer Fights Charges, Citing Habba's Role
A New Jersey real estate developer and influencer, who is accused of running a Ponzi-like investment fraud scheme and laundering drug money, on Monday became the latest defendant to seek dismissal of his indictment over what he says was the illegal appointment of Alina Habba as acting U.S. attorney for the Garden State.
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August 11, 2025
11th Circ. Nixes Ineffective-Counsel Claim In Salmonella Case
Peanut Corp. of America's former president and a food broker convicted for their roles in a salmonella outbreak that killed nine people and sickened more than 700 cannot throw out their prison sentences, the Eleventh Circuit ruled Monday, rejecting their assertion of ineffective counsel.
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August 11, 2025
GE, UNC Agree To $63M Uranium Mine Cleanup In New Mexico
The United Nuclear Corp. and General Electric Co. agreed to a consent decree with the federal government, New Mexico and the Navajo Nation to spend $63 million on environmental cleanup at a decades-old uranium mine, the U.S. Department of Justice announced Monday. Â
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August 11, 2025
How A Nonexistent Bar Unraveled A California Bribery Case
The criminal case against Palm Springs, California, developer John Wessman hinged on a cooperating witness's testimony that Wessman hatched a plan with him at a bar to bribe the city's then-mayor, but his defense counsel from Keker Van Nest & Peters LLP blew up that story on cross-examination by demonstrating the bar hadn't even opened at that time, helping to obtain an acquittal.
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August 11, 2025
Miles Guo Ordered To Forfeit $1.3B In Fraud Case
Bankrupt Chinese exile Miles Guo must forfeit $1.3 billion in cash, luxury goods and real estate, including his 21-bedroom New Jersey mansion, a New York federal judge said Monday, more than a year after the purported billionaire was found guilty of wide-ranging fraud.
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August 11, 2025
Chicago Suburb's Ex-Mayor Gets 4 Years For Extortion, Bribery
A former mayor of McCook, Illinois, a Chicago suburb, was sentenced to four years in federal prison Monday for accepting more than $250,000 in bribes and extortion payments.
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August 11, 2025
Tulsa Says Settlement Moots High Court Jurisdiction Bid
Tulsa is asking the Supreme Court to deny a petition by an Oklahoma attorney that looks to undo his conviction stemming from a speeding ticket issued on tribal lands, arguing it seeks review of a broader jurisdictional question that the municipality and the Creek Nation have already resolved.
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August 11, 2025
Liberty Mutual Nabs FCPA Declination, Will Disgorge $4.7M
Liberty Mutual Insurance Co. will avoid prosecution under the Foreign Corrupt Practices Act and disgorge nearly $4.7 million over bribes paid by employees of its Indian subsidiary, the U.S. Department of Justice said Monday, in the first FCPA declination since President Donald Trump paused prosecutions under the law.
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August 11, 2025
Ex-Ill. Speaker's 'False Hope' Won't Delay Prison Sentence
Former Illinois House Speaker Michael Madigan must begin serving his seven-year bribery and wire fraud prison sentence as ordered in October, a federal judge has ruled, finding that Madigan "clings to false hope" in arguing his forthcoming appeal to the Seventh Circuit will present an issue substantial enough to overturn his entire conviction.
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August 11, 2025
SEC Says Biotech Investor Traded On Inside Info About Deal
The U.S. Securities and Exchange Commission has filed suit against a Texas-based individual investor, accusing him of insider trading on stocks by buying shares of a public biotech firm ahead of its 2020 merger with a privately held biotechnology company.
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August 11, 2025
McDermott, Other Firms Sign Deal To End $4.4M Guo Claims
McDermott Will & Schulte, four other law firms and one consulting firm have agreed to settle, for an undisclosed amount and without formal litigation, clawback claims totaling $4.4 million by the Chapter 11 estate of bankrupt Chinese exile and convicted criminal Miles Guo.
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August 11, 2025
Girardi's Public Defender Rejoins Kendall Brill & Kelly
A federal public defender who represented disgraced plaintiffs attorney Tom Girardi in his wire fraud trial has returned to Kendall Brill & Kelly LLP in Los Angeles as a partner, the firm said Monday.
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August 11, 2025
Pa. Judge Accused Of COVID Fraud Seeks Diversion Deal
A Pennsylvania county judge facing criminal charges for allegedly misusing COVID-19 unemployment relief money to pay his former law firm's staff is working with prosecutors to enter into a pretrial diversion agreement, with the federal court agreeing to hold a conference on the matter, according to court filings Monday.
Expert Analysis
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Series
Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.
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7 D&O Coverage Areas To Assess As DOJ Targets DEI
Companies that receive federal funds or have the remnants of a diversity, equity and inclusion program should review their directors and officers liability insurance policies ahead of a major shift in how the U.S. Department of Justice enforces the False Claims Act, says Bill Wagner at Taft.
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sa¹ú¼Ê´«Ã½ Industry Impact Uncertain Amid Priority Shift, Staff Cuts
A recent enforcement memo outlines how the Consumer Financial Protection Bureau's regulatory agenda diverges from that of the previous administration, but, given the bureau's planned reduction in force, it is uncertain whether the agency will be able to enforce these new priorities, say attorneys at Troutman Pepper.
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Compliance Essentials To Mitigate AI Crime Enforcement Risk
As artificial intelligence systems move closer to accurately mimicking human decision-making, companies must understand how the U.S. Department of Justice might prosecute them for crimes committed by AI tools — and how to mitigate enforcement risks, say attorneys at Paul Hastings.
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Series
Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.
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How The DOJ Is Redesigning Its Approach To Digital Assets
Two key digital asset enforcement policy pronouncements narrow the Justice Department's focus on threats like fraud, terrorism, trafficking and sanctions evasion and dial back so-called regulation by prosecution, but institutions prioritizing compliance must remember that the underlying statutory framework hasn't changed, say attorneys at Blank Rome.
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At 'SEC Speaks,' Leaders Frame New Views
At the Practising Law Institute's recent SEC Speaks conference, U.S. Securities and Exchange Commission leadership highlighted the agency's significant priority changes, including in enforcement, crypto and artificial intelligence, say attorneys at Perkins Coie.
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Measuring The Impact Of Attorney Gender On Trial Outcomes
Preliminary findings from our recent study on how attorney gender might affect case outcomes support the conclusion that there is little in the way of a clear, universal bias against attorneys of a given gender, say Jill Leibold, Olivia Goodman and Alexa Hiley at IMS Legal Strategies.
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The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
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Staying The Course Amid Seismic DOJ White Collar Changes
While some of the big changes at the U.S. Department of Justice during the second Trump administration — like an embrace of cryptocurrency and more politicized prosecutions — were expected, there have also been surprises, so practitioners should advise clients to stay focused on white collar compliance in this unpredictable environment, say attorneys at Keker.
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Opinion
The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.
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DOJ Could Target Journalists Under Media Policy Reversion
The U.S. Department of Justice's recently announced media policy largely mirrors policies in effect from 2014 to 2020, but ambiguities in key statutory terms could allow the administration to apply it to journalists in new ways and expand investigations beyond leaks of classified information, says Julie Edelstein at Wiggin.
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State Tort Claims May Help Deter Bribes During FCPA Pause
As the U.S. pauses Foreign Corrupt Practices Act enforcement, companies that lose business due to competitors' bribery should consider using state tortious interference suits to expose corruption, deter illegal practices and obtain compensation for commercial losses, says Jason Manning at Levy Firestone.
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Series
Brazilian Jiujitsu Makes Me A Better Lawyer
Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.
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Oft-Forgotten Evidence Rule Can Be Powerful Trial Tool
Rule 608 may be one of the most overlooked provisions in the Federal Rules of Evidence, but as a transformative tool that allows attorneys to attack a witness's character for truthfulness through opinion or reputation testimony, its potential to reshape a case cannot be overstated, says Marian Braccia at Temple University Beasley School of Law.