The European Securities and Markets Authority said Monday it is seeking input on technical implementation of a regulation to improve the reliability of benchmarks — tools used to price mortgages, loans and bonds — which have been the subject of rigging scandals in recent years, leading to billions of dollars in fines. Law360: acquitted
Read More »Author Archives: lawdrop
Shkreli, Kaye Scholer Atty Say SEC Case Can’t Wait
Ex-CEO Martin Shkreli and the Kaye Scholer LLP partner accused of committing securities fraud with him fought back Thursday against prosecutors’ bid to halt the U.S. Securities and Exchange Commission suit against them, saying the suit can’t wait for their criminal case. Law360: acquitted
Read More »Dewey Exec Rails Against DA In Bid To Dodge 2nd Trial
The former chief financial officer of Dewey & LeBoeuf LLP on Friday blasted opposition from the Manhattan District Attorney’s Office to his fight to escape a second criminal trial over accusations of defrauding the defunct firm’s financial backers, criticizing prosecutors’ silence on crucial issues and efforts to portray the executive as a rich hothead. Law360: acquitted
Read More »‘Birthing House’ Atty Gets 21 Months For Obstructing Justice
An immigration attorney will serve 21 months in prison for scheming to help a material witness in a criminal investigation into “birthing houses” for pregnant women looking to earn citizenship for their progeny escape the U.S., a California federal judge ruled Monday. Law360: acquitted
Read More »Philly Hospice Nurse Convicted In $14M Medicare Fraud
A federal jury Monday found a Philadelphia hospice nurse guilty of health care fraud for participating in a $ 14.3 million scheme to bill Medicare for bogus care, but acquitted her on the majority of the charges including one for conspiracy. Law360: acquitted
Read More »UK’s Barclays Libor Trial Reportedly Paused Amid New Info
U.K. prosecutors on Monday reportedly asked to delay their third trial over alleged Libor manipulation, saying Barclays PLC provided more information they might need to review. Law360: acquitted
Read More »White Collar Group Of The Year: Sheppard Mullin
When a tiny thrift bank in New York’s Chinatown vowed to fight fraud charges brought by Manhattan’s powerful district attorney Cyrus Vance Jr., it was Sheppard Mullin Richter & Hampton LLP that helped steer it to vindication following a four-month trial, an achievement that established the firm as having one of Law360’s White Collar Practice Groups of the Year. Law360: ...
Read More »Judge Denies Exec’s Motion For New Trial On $300M Scheme
A Florida federal judge on Wednesday denied a former vacation rental firm executive’s motion for a new trial or acquittal after he was convicted for his role in a $ 300 million Ponzi scheme, despite his claims that prosecutors had failed to prove he intentionally defrauded investors. Law360: acquitted
Read More »Chicago Doc Wants Out Of Pending Jail Time Amid Appeal
A Chicago doctor due to spend three months in prison for his role in a scheme to defraud federal health programs at the city’s now-defunct Sacred Heart Hospital asked an Illinois federal court Wednesday to let him stay free until his Seventh Circuit appeal is decided. Law360: acquitted
Read More »White Collar Group Of The Year: Steptoe & Johnson
Steptoe & Johnson LLP’s lawyers knew all along that former BP Gulf of Mexico exploration chief David Rainey was innocent. Targeted over the truth of public statements after the Deepwater Horizon disaster, Rainey still had to convince a jury — and the way his lawyers at Steptoe went about it landed them among Law360’s White Collar Practice Groups of the ...
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