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White Collar
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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.
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August 11, 2025
FTX Customers Aim To Beef Up Case Against Fenwick & West
New information that has emerged since customers of the now-collapsed cryptocurrency trading platform FTX Trading Ltd. sued Fenwick & West LLP over the firm's alleged role in that collapse justifies updating the complaint against the firm, those customers told a Florida federal court Monday.
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August 11, 2025
White & Case Adds Ex-Chicago Prosecutor From Perkins Coie
White & Case LLP has grown its global litigation practice in Chicago with the addition of a longtime Perkins Coie LLP partner who previously was an assistant U.S. attorney in the city, the firm said Monday.
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August 11, 2025
Terraform Founder Set To Plead Out Of $40B Fraud Case
Terraform founder Do Kwon is on track to enter a guilty plea in his $40 billion criminal fraud case, a Manhattan federal judge said Monday, in an order that comes ahead of a scheduled 2026 trial and amid weeks of talks between his lawyers and prosecutors.
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August 11, 2025
NY Judge Won't Unseal 'Redundant' Maxwell Grand Jury Docs
A New York federal judge on Monday denied the Trump administration's bid to unseal grand jury transcripts and exhibits in the prosecution of Ghislaine Maxwell, who is appealing a 20-year prison sentence for trafficking teenage girls for sex offender and disgraced financier Jeffrey Epstein, concluding that the materials contain almost nothing new.
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August 08, 2025
Frank Founder, Exec Can't Undo JPMorgan Fraud Convictions
Charlie Javice, the startup founder convicted of lying to JPMorgan Chase ahead of its $175 million purchase of her college-aid website Frank, and her former colleague have failed to show good reasons why they should now be acquitted, the judge on her case has found.
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August 08, 2025
Ripple Exits SEC Case With An Injunction Still Over Its Head
The U.S. Securities and Exchange Commission's long-running case against Ripple Labs has finally come to an end with both sides agreeing to drop competing appeals, but the crypto firm's inability to shake a court-ordered judgment leaves it potentially vulnerable to future enforcement actions.
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August 08, 2025
Tornado Cash Case Far From Over With Jury's Mixed Verdict
The split verdict in the Tornado Cash trial likely won't encourage prosecutors to go after crypto projects for failing to register as money transmitters, but it may still leave software developers open to liability if they seem aware of others' misuse of their creations.
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August 08, 2025
LAPD Wins Bid To Withhold 'Embarrassing' Body Cam Footage
The public will not get to see body-camera footage allegedly showing a Los Angeles police officer destroying an MRI machine after his rifle was pulled into its magnetic field during a raid on an X-ray clinic that was wrongly assumed to be a cannabis grow site, a California federal court ruled, seeking to avoid "embarrassing" the officers named in the civil suit.
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August 08, 2025
Tight Budget Not Enough To Justify Delay In PrivatBank Case
A Florida federal magistrate judge has denied the U.S. State Department's bid to pause litigation by two associates of the former owners of Ukraine's largest bank, ruling that heavy workloads due to budget constraints do not justify delaying the case.
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August 08, 2025
DC Circ. Hands Banker's Estate Win In IRS Whistleblower Bid
A split D.C. Circuit sided with the estate of a former banker at Rabobank in ruling Friday that the Internal Revenue Service used the wrong legal standard to deny him an award for contributing to investigations into two companies' tax avoidance scheme.
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August 08, 2025
Fake AI Hedge Fund Operator Reaches Partial SEC Settlement
A Florida investment pro who previously admitted to duping investors who poured $5 million into his supposed artificial intelligence-powered hedge fund has agreed to an officer and director ban in a partial settlement with securities regulators, according to a Thursday letter.
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August 08, 2025
El Paso Soldier Accused Of Sending Military Info To Russia
An El Paso active-duty soldier has been arrested in connection with accusations that he attempted to transmit U.S. military information to Russia.
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August 08, 2025
Feds Rip Cuellar's Bid To Ax Entire Bribery Indictment
Federal prosecutors on Friday urged a Texas federal court to reject U.S. Rep. Henry Cuellar's bid to toss his entire indictment for bribery, saying its decision to strike some counts does not deprive the lawmaker of his Fifth Amendment right to have a grand jury determine what charges he should face.
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August 08, 2025
DA Willis Blasts Election Case Probe Testimony Fight As Moot
Fulton County District Attorney Fani Willis told the Georgia Supreme Court that a 2024 subpoena seeking her to testify about her personal relationship with the lead prosecutor in the prosecution of President Donald Trump and others in an election interference case is moot due to a change in the state's law.
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August 08, 2025
Ex-Girardi Keese Atty Indicted For Role In Client Theft Scandal
Former Girardi Keese attorney Keith Griffin has been criminally indicted in Illinois federal court for his role in the once-mighty firm's spectacular collapse, with prosecutors alleging he violated court orders and covered up the theft of client funds.
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August 08, 2025
Why DOJ's US Attorney Moves Are Reaching Critical Point
The Trump administration's strategy of extending U.S. attorney appointments using a pair of laws that allow for interim and acting prosecutors has sparked a constitutional tug-of-war between the executive, legislative and judicial branches that could end up in the U.S. Supreme Court or spur congressional action.
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August 08, 2025
$47M Fat Brands Tax Case Tossed After DOJ Quits Pursuing It
A California federal judge dismissed an indictment accusing Fat Brands and its founder of hiding $47 million from the IRS through a loan scheme after the U.S. Department of Justice had said the case was no longer a priority.
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August 08, 2025
'Legally Indefensible Scheme' DQs NJ US Atty, Court Told
A New Jersey criminal defendant argued in federal court this week that Alina Habba's appointment as acting U.S. attorney for New Jersey is an "end-run" around the Constitution and moved to have her and any prosecutors working under her disqualified.
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August 08, 2025
Pennsylvania Litigation Highlights Of The 1st Half Of 2025
In the first half of 2025, Pennsylvania judges have created a federal and state court split in a $175 million verdict against Monsanto in Philadelphia's Roundup mass tort, reduced the tax fraud sentence of a member of the family behind an iconic Philadelphia cheesesteak shop and permanently barred a college apparel company from copying Penn State trademarks.聽
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August 08, 2025
Massachusetts Sheriff Charged With Extorting Cannabis Shop
Suffolk County, Massachusetts, Sheriff Steven W. Tompkins was arrested Friday morning in Florida on extortion charges related to his demand for a stake in a cannabis dispensary 鈥 and a refund when his shares lost value 鈥 federal prosecutors announced.
Expert Analysis
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Future Of Enviro Crimes Under Trump's Federal Regs Order
President Donald Trump's recent executive order about fighting overcriminalization in federal regulations creates new advocacy opportunities for defense counsel to argue that particular environmental crime investigations and matters ought to be limited or declined based on the policy priorities reflected in the order, say attorneys at Sidley.
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Series
Competing In Modern Pentathlon Makes Me A Better Lawyer
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.
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If Justices Accept, Maxwell Case May Clarify Meaning Of 'US'
If the U.S. Supreme Court agrees to take up Ghislaine Maxwell鈥檚 appeal, it could clarify the meaning of 鈥淯nited States鈥 in the context of plea agreements, and a plain language interpretation of the term would offer criminal defendants fairness and finality, say attorneys at Kudman Trachten.
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DOJ Memo Lays Groundwork For Healthy Bank Sponsorships
The U.S. Department of Justice's recent digital asset policy shift offers potential clarity in the murky waters of sponsor bank relationships, presenting nontraditional financial companies with both a moment of opportunity and a test of maturity, say attorneys at Arnall Golden.
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Policy Shifts May Follow Burst Of Defense Cyber Settlements
Recent False Claims Act settlements with defense contractors MORSECORP and Nightwing suggest that cybersecurity standards for government contractors remain a key enforcement priority, but these may represent a final flurry of activity before the Trump administration transitions to different policy goals, say attorneys at Alston & Bird.
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Series
Law School's Missed Lessons: Teaching Yourself Legal Tech
New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.
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In 2nd Term, Trump Has New Iran Sanctions Enforcement Tool
As tensions between the U.S. and Iran escalate, the Trump administration may use a whistleblower program enacted in 2022 to target violations that were previously more difficult to detect, thus expanding enforcement of economic sanctions, say attorneys at MoloLamken and Zuckerman Law.
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How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.
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When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.
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3 Corporate Deposition Prep Tips To Counter 'Reptile' Tactics
With plaintiffs counsel鈥檚 rising use of reptile strategies that seek to activate jurors' survival instincts, corporate deponents face an increased risk of being lulled into providing testimony that undercuts a key defense or sets up the plaintiff's case strategy at trial, making it important to consider factors like cross-examination and timing, say attorneys at Dentons.
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FCPA Enforcement Is Here To Stay, But It May Look Different
After a monthslong enforcement pause, the U.S. Department of Justice鈥檚 new Foreign Corrupt Practices Act guidelines fundamentally shift prosecutorial discretion and potentially reduce investigatory burdens for organizations, but open questions remain, so companies should continue to exercise caution, say attorneys at Simpson Thacher.
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Series
Volunteering At Schools Makes Me A Better Lawyer
Speaking to elementary school students about the importance of college and other opportunities after high school 鈥 especially students who may not see those paths reflected in their daily lives 鈥 not only taught me the importance of giving back, but also helped to sharpen several skills essential to a successful legal practice, says Guillermo Escobedo at聽Constangy.
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Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
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Statistics Tools Chart A Path For AI Use In Expert Testimony
To avoid the fate of numerous expert witnesses whose testimony was recently deemed inadmissible by courts, experts relying on artificial intelligence and machine learning should learn from statistical tools鈥 road to judicial acceptance, say directors at Secretariat.
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Remediation Still Reigns Despite DOJ's White Collar Shake-Up
Though the U.S. Department of Justice鈥檚 recently announced corporate enforcement policy changes adopt a softer tone acknowledging the risks of overregulation, the DOJ has not shifted its compliance and remediation expectations, which remain key to more favorable resolutions, say Jonny Frank, Michele Edwards and Chris Hoyle at StoneTurn.