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White Collar
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December 10, 2023
Trump Cancels Plan To Testify In NY Fraud Trial Defense
Donald Trump abruptly canceled his plans to testify in his defense on Monday in the New York attorney general's civil fraud case, announcing the decision in a series of social media posts on the eve of his expected return to the Manhattan courtroom.
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December 08, 2023
Circuit-By-Circuit Guide To 2023's Most Memorable Moments
A former BigLaw partner in his 30s made history by joining a preeminent circuit court, a former BigLaw partner in his 50s made waves by leaving the largest circuit, and a former chemist in her 90s made enemies by resisting a probe on the most specialized circuit. That's a small sample of the intrigue that flourished in 2023 throughout the federal appellate system, where diversity bloomed and controversy abounded.
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December 08, 2023
Judge Urged To Reject Deal For 'Snitch' In 'Fat Leonard' Case
Counsel for a former U.S. Navy captain who took a plea deal after his bribery conviction was tossed for prosecutorial misconduct urged a California federal judge Friday to reject a similar proposed deal for a "snitch" who allegedly perjured himself at the behest of prosecutors.
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December 08, 2023
Judge 'Lost Sight' Of Role In Overly Harsh Prison Sentence
A Michigan trial court judge who said she "isn't really concerned" about state sentencing guidelines will get a third shot at properly sentencing a defendant after she ordered a harsher prison punishment than the guidelines recommend — the second time she had done so, the Michigan Court of Appeals said.
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December 08, 2023
Binance Investors Want To Depose Ex-CEO 'Before He Flees'
The investors suing cryptocurrency exchange Binance over money laundering and securities law violations have asked to depose its former CEO Changpeng Zhao as he awaits a February sentencing connected to his guilty plea in a related criminal case.
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December 08, 2023
Madoff Trustee Seeks $45M NY Bankruptcy Court Distribution
The trustee for the Bernie Madoff fund asked a New York bankruptcy court Friday to distribute roughly $45 million to hundreds of investors who were victims of the notorious Ponzi scheme more than a decade ago.
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December 08, 2023
Ex-CEO Admits Securities Fraud In Fake COVID Test Case
A former biotech CEO pled guilty in D.C. federal court Thursday to charges of securities fraud, wire fraud and obstruction after he concocted a scheme to defraud investors by falsely telling them he had developed a new blood-based COVID-19 test despite knowing the test didn't exist.
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December 08, 2023
Fla. Doctor's 20-Year Sentence Halved For Gov't Cooperation
A Florida federal judge on Friday cut a 20-year sentence in half for a doctor who operated a $681 million scheme to bill for fraudulent treatments for patients with drug and alcohol addiction after prosecutors commended his commitment to cooperation and his testimony in another trial.
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December 08, 2023
FDIC Settles $165M Suit Against Defunct La. Bank's Execs
A Louisiana federal judge dismissed a lawsuit in which the Federal Deposit Insurance Corp., acting as the receiver of the defunct First NBC Bank, sought to recover more than $165 million from the bank's leaders and insurers, saying in an order that the parties have settled.
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December 08, 2023
Shady Gov't Contractor Gets 10 Years For 'Life Of Crime'
A Manhattan federal judge sentenced construction company owner Sina Moayedi to 10 years in prison Friday for a 25-year course of fraud and bribery that left $125 million worth of government contracts for overseas projects plagued by faulty work, remarking he lived "a life of crime."
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December 08, 2023
Judge Grants SEC Receiver For GPB Capital Amid CEO Case
A New York federal judge has adopted a magistrate judge's recommendation to appoint a receiver for GPB Capital Holdings amid a criminal case against its former CEO, agreeing with the U.S. Securities and Exchange Commission that the executive breached a court order by trying to reassert control over the company.
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December 08, 2023
Ex-JPM Traders' Appeal Can't Stop Spoofing Suit, CFTC Says
The Commodity Futures Trading Commission urged an Illinois federal judge this week to lift a stay on its lawsuit accusing two convicted former JPMorgan Chase precious metals traders of manipulating commodities markets, saying the agency's civil case should move forward now that the pair has been convicted in parallel criminal proceedings, regardless of the traders' plans to appeal.
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December 08, 2023
50 Cent's Co. Wants To Probe Assets Of Ex-Liquor Boss
The liquor company owned by rapper Curtis "50 Cent" Jackson has asked a Connecticut bankruptcy judge to let it examine its ex-brand manager, who is liable for fraud in a New York arbitration and civil proceeding connected to his alleged embezzlement, to prove his assets in his bankruptcy case.
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December 08, 2023
Ex-Lumentum Exec Gets 2 Years, Stiff Fine In Insider Case
A Manhattan federal judge sentenced a former Lumentum Holdings Inc. executive Friday to two years in prison and slapped him with a $975,000 fine for feeding friends information about the company's merger plans to generate $5.2 million of insider-trading profit.
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December 08, 2023
SEC Defends Fraud Allegations Against Texas Oil CEO
The U.S. Securities and Exchange Commission is urging a federal court against throwing out its fraud lawsuit against the CEO of a Texas oil and gas company, arguing they have laid out enough facts about how the executive misled investors to withstand his bid to dismiss the case.
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December 08, 2023
DC Circ. Narrows Trump Gag Order
The D.C. Circuit on Friday issued a narrowed gag order restraining Donald Trump's public statements amid his criminal election-interference case after finding a lower court restricted "more protected speech than is necessary."
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December 08, 2023
The Purgatory Docket: Mass. Judge Leaves Cases In Limbo
A Massachusetts federal judge has dozens of long-unresolved motions on his docket, highlighting what experts say is a problem that is difficult to solve amid lifetime appointments, no firm deadlines to resolve civil disputes or any form of discipline for judges if cases stall unnecessarily.
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December 08, 2023
Bradley Arant Atty Allegedly Hid Dog Cruelty Charge From Bar
A Bradley Arant Boult Cummings LLP associate is facing disciplinary charges by the Illinois Attorney Registration and Disciplinary Commission after he was convicted of hitting his dog and allegedly failing to disclose his record while under consideration for bar admission.
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December 08, 2023
Feds Want Ex-MLB Star's Trial Paused Amid 9th Circ. Pitch
Los Angeles federal prosecutors have asked to push back the trial date for a former Dodgers star accused of obstruction of justice and making false statements, as they look to appeal a judge's decision to exclude a retracted plea deal as evidence.
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December 08, 2023
UK Litigation Roundup: Here's What You Missed In London
The past week in London has seen Tesla drive patent proceedings against technology company InterDigital, Genesis band members say That's (not) All in a breach of contract claim against Virgin Records, and betting giant Entain play its hand in a claim over its acquisition of BetCity last year. Here, Law360 looks at these and other new claims in the U.K.
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December 08, 2023
COVERAGE RECAP: Day 42 Of Trump's NY Civil Fraud Trial
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from day 42.
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December 07, 2023
Hunter Biden Hit With Tax Charges In Calif.
A Los Angeles federal grand jury returned an indictment Thursday evening charging Hunter Biden with failing to pay more than $1 million in federal taxes over a four-year period and other tax-related offenses, as top Republicans have mulled drafting articles of impeachment against President Joe Biden.
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December 07, 2023
CFTC Wins $61M Order Against Fla. Forex Trading Firm CEO
A Florida federal judge has ordered a now imprisoned CEO of an investment company to pay more than $61 million in a U.S. Commodity Futures Trading Commission case over his firm's $75 million foreign currency trading fraud.
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December 07, 2023
Binance Founder Must Remain In US Until Sentencing
A Seattle federal judge ordered Thursday that Changpeng Zhao, the founder of the embattled cryptocurrency exchange Binance, must stay in the United States until his sentencing, saying Zhao poses a flight risk given his wealth and close ties to the United Arab Emirates.
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December 07, 2023
Rep. Bowman Censured Over False Fire Alarm On Capitol Hill
The U.S. House of Representatives on Thursday formally reprimanded Rep. Jamaal Bowman for triggering a false fire alarm in a congressional office as lawmakers were set to vote on funding for the federal government back in September.
Expert Analysis
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Series
Performing Music Makes Me A Better Lawyer
The discipline of performing live music has directly and positively influenced my effectiveness as a litigator — serving as a reminder that practice, intuition and team building are all important elements of a successful law practice, says Jeff Wakolbinger at Bryan Cave.
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Reverse Proffers In Federal Criminal Cases Can Be A Win-Win
The increasingly popular reverse proffer — in which prosecutors disclose evidence to targets of a criminal investigation — can help the government test its case and persuade witnesses to cooperate, and can help defendants sharpen their strategies and obtain favorable deals by choosing to cooperate, say Jeffrey Martino and Byron Tuyay at Baker McKenzie.
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Aviation Watch: Pilots Face Mental Health Catch-22
The recent case of an Alaska Airlines pilot who attempted to crash an airliner in flight highlights the dilemma facing federally licensed cockpit personnel who need psychological help, yet could lose their jobs if they seek it — but a long-running program may provide a solution, says Alan Hoffman, a retired attorney and aviation expert.
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Breaking Down High Court's New Code Of Conduct
The U.S. Supreme Court recently adopted its first-ever code of conduct, and counsel will need to work closely with clients in navigating its provisions, from gift-giving to recusal bids, say Phillip Gordon and Mateo Forero at Holtzman Vogel.
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Trump NY Fraud Trial Shows Civil, Criminal Case Differences
Former President Donald Trump’s civil fraud trial currently unfolding in New York provides a reminder that civil bench trials can be just as damaging, if not more so, than criminal prosecutions, due to several key elements of civil litigation procedure, says retired attorney David Moskowitz.
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How Purdue High Court Case Will Shape Ch. 11 Mass Injury
The U.S. Supreme Court's recent arguments in Harrington v. Purdue Pharma, addressing the authority of bankruptcy courts to approve nonconsensual third-party releases in Chapter 11 settlement plans, highlight the case's wide-ranging implications for how mass injury cases get resolved in bankruptcy proceedings, says George Singer at Holland & Hart.
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How New Expert Rules Are Already Changing Court Decisions
Though not formally effective until last week, some courts have been relying for several years on amended federal rules clarifying judges’ gatekeeping role, so counsel should be prepared to justify their expert witnesses’ methodologies and expect additional motion practice on expert testimony admissibility, say Colleen Kenney and Daniel Kelly at Sidley.
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Opinion
Legal Profession Gender Parity Requires Equal Parental Leave
To truly foster equity in the legal profession and to promote attorney retention, workplaces need to better support all parents, regardless of gender — starting by offering equal and robust parental leave to both birthing and non-birthing parents, says Ali Spindler at Irwin Fritchie.
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1 Year In, Money Laundering Law Tweak May Have Big Impact
Despite receiving little attention, Congress' quiet extension of the statute of limitations for money laundering offenses involving foreign bribery offenses is a powerful prosecutorial tool that defense counsel can nevertheless counter by using certain pretrial challenges, says attorney Andrew Feldman.
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New Regs Will Strengthen Voluntary Carbon Offset Market
Voluntary carbon offsets are a vital tool for organizations seeking to achieve net-zero greenhouse gas emissions — and recent efforts by the U.S. Commodity Futures Trading Commission, the U.S. Department of Agriculture, the state of California and others are essential to enhancing the reliability and authenticity of carbon credits, says David Smith at Manatt.
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2nd Circ. Defamation Ruling May Chill NY Title IX Reports
The Second Circuit’s recent decision, holding accusers in Connecticut Title IX sexual misconduct cases are not immune to defamation claims, means that New York higher education institutions should reassess whether their disciplinary hearing procedures both protect due process and encourage victim and witness participation, says Nicole Donatich at Cullen and Dykman.
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Series
Writing Thriller Novels Makes Me A Better Lawyer
Authoring several thriller novels has enriched my work by providing a fresh perspective on my privacy practice, expanding my knowledge, and keeping me alert to the next wave of issues in an increasingly complex space — a reminder to all lawyers that extracurricular activities can help sharpen professional instincts, says Reece Hirsch at Morgan Lewis.
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What Lawyers Must Know About Calif. State Bar's AI Guidance
Initial recommendations from the State Bar of California regarding use of generative artificial intelligence by lawyers have the potential to become a useful set of guidelines in the industry, covering confidentiality, supervision and training, communications, discrimination and more, say attorneys at Debevoise.
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Industry Must Elevate Native American Women Attys' Stories
The American Bar Association's recent research study into Native American women attorneys' experiences in the legal industry reveals the glacial pace of progress, and should inform efforts to amplify Native voices in the field, says Mary Smith, president of the ABA.
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How Color Psychology Can Help Tell Your Trial Narrative
Research shows that color is a powerful sensory input that affects memory and perception, so attorneys should understand how, when and why to use certain shades in trial graphics to enhance their narrative and draw jurors’ focus, says Adam Bloomberg at IMS Consulting.