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Author Archives: lawdrop

Dewey Trial Star Witness In Settlement Talks With SEC

The U.S. Securities and Exchange Commission is in settlement talks with former Dewey & LeBoeuf LLP Finance Director Frank Canellas, who pled guilty to fraud and served as the star witness in a trial of three former executives at the collapsed firm, the agency told a New York federal judge on Friday. Law360: acquitted

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Dewey Execs Renew Bids To Ax Case Ahead Of 2nd Trial

The remaining top executives of Dewey & LeBoeuf LLP still facing charges over a purported scheme to defraud the BigLaw firm’s lenders and investors before it collapsed on Friday launched renewed bids to end the case, taking aim at cooperators’ testimony and saying the government has failed to prove any intent to commit a crime Law360: acquitted

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Ex-Traffic Judge Violated Ethics Rules, Pa. Court Finds

Pennsylvania’s Court of Judicial Discipline on Thursday found that a former Philadelphia Traffic Court judge who dodged federal ticket fixing charges violated state judicial ethics rules and the state constitution by providing “special consideration” for friends, family and politically connected individuals. Law360: acquitted

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White Collar Cases To Watch In 2016

White collar practitioners will have plenty of water-cooler fodder in 2016 as the Manhattan district attorney makes a New Year’s resolution to retry the Dewey & LeBoeuf LLP case, U.S. prosecutors target corruption in international soccer and the Second Circuit wrestles with a landmark insider trading decision. Law360: acquitted

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Blair Stover Former Tax Partner Settles Dispute With Grant Thornton

December 1, 2013 – Former Grant Thornton Tax Partner, A. Blair Stover, has entered into a settlement agreement with his former firm, ending a five year legal battle involving tax shelters. In December 2008, Mr. Stover filed a civil action against Grant Thornton LLP in Missouri, seeking the recovery of damages in excess of $6 Million related to legal fees, ...

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Exec Guilty In $300M Ponzi Scheme Seeks New Trial

A former vacation rental firm executive convicted in a $ 300 million Ponzi scheme urged a Florida federal judge Monday to acquit him or grant him a new trial, saying prosecutors failed to support many of their charges and that jurors acted on insufficient evidence and poorly worded instructions. Law360: acquitted

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Can You Be Sued Even if You’re “Not Guilty”?

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Adam Freedman has written an interesting piece on getting sued even though you may have been in the right. For instance, Freedman covers the case where a burger breaks into the home and is shot dead by the homeowner. The homeowner is then sued by the family of the burglar and then forced to pay a settlement, when they are ...

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Global Tax Enforcement In 2016: What You Need To Know

The investigation and prosecution of tax evasion has grown from a specialized subcategory of law enforcement into a first-tier policy concern, and the U.S. and foreign governments will not back down anytime soon. Banks must draw a clear line between present compliance and inappropriate past practices. Bankers and advisers must consider approaching the authorities, says former prosecutor Jay Nanavati now ...

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Ex-Qwest CEO Wins $14M Verdict In Suit Against Goldman Unit

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Joseph Nacchio, the former Qwest CEO convicted of insider trading, has found legal victories difficult to come by for the past decade, but he won a $14.17 million jury verdict in Morris County on Jan. 7. Following several weeks of trial before Superior Court Judge W. Hunt Dumont, a jury found in Nacchio’s favor in a suit claiming he was ...

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