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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”?


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


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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Engineer Convicted Of Stealing Ex-Employer’s Trade Secrets


A 44-year-old electrical engineer accused of stealing and distributing trade secrets to competitors after a Pasadena, California, aircraft avionics company fired him has been found guilty after a bench trial in California federal court, the U.S. Attorney’s Office for the Central District of California said Wednesday. Law360: acquitted — Read More

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Cyber Litigation: The Next Big Thing?


It was the scandal of the summer: AshleyMadison.com, the dating and social networking service that markets itself to would-be cheaters, was cyberattacked, and the names and contact information of purported members—including celebrities, congressional staffers and evangelists—were revealed online. Soon after, plaintiffs lawyers lodged class action litigation on behalf of website users. The chain of events—a high-profile data hack, followed by ...

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