White Collar Crime

White collar crime lawyers on alert as SFO break-up threat recedes

By Friederike Heine | June 1, 2011

White collar crime advisers are scrambling to divine the direction of corporate crime policy amid mounting expectations that the Government will abandon controversial plans to break up the Serious Fraud Office (SFO). The coalition Government had planned to split the SFO's prosecution division from its investigation function - a move strongly opposed by the agency and many white collar crime specialists.

1 minute read

Sullivan signs up Simmons white collar crime partner for City base

By Sofia Lind | May 25, 2011

Sullivan & Cromwell has hired Simmons & Simmons white collar crime partner Louise Delahunty as a European counsel in the London office. Delahunty will join the US firm on 20 June in its criminal defense and investigations group.

1 minute read

Ex-Ropes & Gray associate disbarred after Rajaratnam insider trading verdict

By Legal Week | May 16, 2011

Former Ropes & Gray associate Arthur Cutillo has been disbarred in New York a day after a Manhattan federal jury convicted billionaire Raj Rajaratnam on all counts related to a wide-ranging insider trading probe, reports The Am Law Daily. A five-member panel of the New York State Appellate Division, First Department on Thursday (12 May) issued its ruling disbarring Cutillo, who was arrested in November 2009 and accused of passing along tips on confidential deals he worked on at the firm.

1 minute read

Hare Court silk appointed to lead World Cup bribery probe

By Suzi Ring | May 13, 2011

The Football Association (FA) has appointed James Dingemans QC of 3 Hare Court to investigate allegations of misconduct by FIFA officials surrounding England's 2018 failed World Cup bid. Dingemans was appointed on Thursday (12 May) to review claims made by former FA chairman Lord Triesman to a Parliamentary select committee this week relating to allegations that four FIFA officials had sought "bribes" to back England's bid.

1 minute read

Hedge fund chief Rajaratnam found guilty on all counts in insider trading case

By Legal Week | May 12, 2011

Hedge fund billionaire Raj Rajaratnam has been found guilty of 14 counts of securities fraud and conspiracy by a federal jury in Manhattan, writes The American Lawyer.The verdict against the founder of the Galleon Group was delivered yesterday (11 May) after six days of deliberations that followed a nine-week trial on insider trading charges

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US firm seals hire of Serious Fraud Office GC for London office

By Friederike Heine | April 27, 2011

McGuireWoods has boosted its white collar crime practice in London with the hire of Serious Fraud Office (SFO) general counsel Vivian Robinson QC. Robinson will join the US firm's London office later this summer as a partner in the government, regulatory and criminal investigations practice, after serving a three-month notice period at the SFO.

1 minute read

War on Wimbledon – the much-derided Bribery Act is a resounding success

By Alex Novarese | April 21, 2011

You know you're on dodgy territory when journalists and lobbying groups start to claim a piece of legislation is badly drafted. Unless you're a trained lawyer - and one with a specialism in the area at that - it's pretty difficult to tell if statute is poorly written. Of course, as can been seen from this week's analysis, this didn't stop a storm of criticism hitting the Bribery Act, which must now surely rank as the most politically-charged piece of legislation to impact on corporates since the Human Rights Act of 1998. In part, the nature of these attacks was due to the content of the Act. Supporting bribery is a hard public position to adopt - which forced opponents of the Act to get into technical arguments regarding supposed deficiencies in drafting.

1 minute read

Kickbacks – does the Bribery Act deserve to be mired in controversy?

By Legal Week | April 21, 2011

"Talk of golf days being banned and arrests at Wimbledon – that was all hype," says Barry Vitou, Pinsent Masons partner and co-author of thebriberyact.com, discussing the much-touted anti-corruption legislation that will finally come into effect later this summer. And the implementation of the Bribery Act has certainly been noticed; arguably not since the Human Rights Act 1998 has a piece of primary legislation with wide implications for companies attracted such sustained political controversy. In the wake of a fierce lobbying campaign from business groups claiming, in one case, that the Act would be like equivalent US legislation "on acid" – leading to extreme claims that even basic corporate hospitality would be banned under the legislation – the Ministry of Justice (MoJ) announced in January that the Act's implementation would be delayed from its target of April 2011.

1 minute read

US associate faces charges for using law firm data for insider trading

By Legal Week | April 7, 2011

A former M&A lawyer has been charged by US prosecutors for an alleged insider trading scheme which involved obtaining information from three leading corporate law firms, writes The Am Law Daily. Matthew Kluger, a former associate at Wilson Sonsini Goodrich & Rosati, Cravath Swaine & Moore and Skadden Arps Slate Meagher & Flom, has been charged by federal prosecutors in connection with an alleged scheme to trade on inside information. The scheme is alleged to have netted Kluger and a fellow defendant $32m (£19.7m) over more than a decade.

1 minute read

Senior DLA partner duo quit firm to join Dechert's London arm

By Legal Week | April 1, 2011

DLA Piper is set to see its global co-head of litigation and regulation Neil Gerrard and its EMEA head of corporate crime and investigations Jonathan Pickworth leave the firm. Gerrard and Pickworth both handed in their notice yesterday (31 March) to join Dechert's City arm, with the firm also understood to be in talks with additional DLA partners.

1 minute read

New York Law Journal

Legal Chief Faces 40 Years for Alleged Role in Crypto Scam

By Maria Dinzeo | March 23, 2023

Irina Dilkinska was arrested in Bulgaria on Monday and extradited to the United States the next day. Prosecutors say she helped perpetuate a wide-ranging scheme with millions of victims and billions of dollars in losses.

3 minute read

The Legal Intelligencer

Ex-Sacks Weston Partner Sentenced to 6 Months in Prison, 6 Months House Arrest

By Justin Henry | March 22, 2023

Scott Diamond pleaded guilty to stealing from the firm. An associate who also pleaded guilty as a co-conspirator received six months of probation on Tuesday.

5 minute read

Corporate Counsel

Legal Chief Faces 40 Years for Alleged Role in Crypto Scam

By Maria Dinzeo | March 22, 2023

Irina Dilkinska was arrested in Bulgaria on Monday and extradited to the United States the next day. Prosecutors say she helped perpetuate a wide-ranging scheme with millions of victims and billions of dollars in losses.

3 minute read

New York Law Journal

Rule 10b-5 Liability, Part 2: The Supreme Court and 'Lorenzo'

By Anthony Michael Sabino | March 22, 2023

The author's goal of his three-part series is to ultimately discuss the Second Circuit's recent Securities law landmark case, S.E.C. v. Rio Tinto. However, in order to discuss Rio Tinto, he believes it is important to first understand the Supreme Court cases upon which Rio Tinto is based: Janus Capital Group, Inc. v. First Derivative Trader, discussed in the first installment, and S.E.C v. Lorenzo, discussed here.

9 minute read

New York Law Journal

D.A. Faces Significant Hurdles in Trump 'Hush Money' Case

By Ethan Greenberg and Sam Braverman | March 21, 2023

An assessment of the likely pending New York prosecution of Donald Trump stemming from the payments made to Stormy Daniels in advance of the 2016 election. The authors argue that while the defenses that Trump allies have advanced publicly so far are likely to fail, more substantial hurdles to prosecution may well defeat the case.

11 minute read

New York Law Journal

A Ferrari, a Bugatti and $36,000 Mattresses: Prosecutors Say Chinese Businessman Stole $1 Billion in Fraud Scheme

By Jane Wester | March 15, 2023

Prosecutors argued that Guo Wengui's online activities included multiple fraud schemes. Guo has been linked to ex-White House strategist Steve Bannon.

3 minute read

New York Law Journal

Rule 10b-5 Liability, Part 1: The Supreme Court and 'Janus'

By Anthony Michael Sabino | March 14, 2023

The author's goal of his three-part series is to ultimately discuss the Second Circuit's recent Securities law landmark case, S.E.C. v. Rio Tinto. However, in order to discuss Rio Tinto, he believes it is important to first understand the Supreme Court landmark cases upon which Rio Tinto is based: Janus Capital Group, Inc. v. First Derivative Trader and S.E.C v. Lorenzo. Janus is discussed here in the first installment.

9 minute read

New York Law Journal

How Forensic Accountants Can Assist in Healthcare Fraud Litigation Matters

By Sareena Sawhney | March 13, 2023

Forensic Accountants can make or break a case in healthcare fraud litigation matters. Involving a forensic accountant in FCA matters is critical as they are able to analyze vast amounts of data and identify patterns and irregularities and summarize the data in a manner that is both understandable and supportable.

5 minute read

New York Law Journal

'Pure Greed': Ex-Goldman Sachs Banker Roger Ng Is Sentenced to 10 Years for Malaysia Bribery Scheme

By Jane Wester | March 9, 2023

Chief U.S. District Judge Margo Brodie of the Eastern District of New York pronounced the sentence, which was lower than the 15 years requested by prosecutors.

3 minute read

The Recorder

Ismail Ramsey Confirmed as US Attorney for California's Northern District

By Cheryl Miller | March 8, 2023

Ismail "Izzy" Ramsey will return to the U.S. attorney's office where he once served in the white-collar crime section and created the office's computer hacking and intellectual property unit.

3 minute read