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Daily Business Review

Ecuador May Pursue $20 Million Claim In Miami Against Brothers Who Allegedly Defrauded Bank

An appellate reversal gives Ecuador another chance to pursue a $20 million claim against two brothers blamed for the country's largest bank collapse.
3 minute read

National Law Journal

INADMISSIBLE: BNP Assailed Over Unlawful Transactions

The French bank BNP Paribas S.A. has agreed to plead guilty and pay nearly $9 billion over transactions with countries subject to U.S. sanctions such as Cuba, Iran and Sudan, DOJ lawyers said. Plus more in this week's column.
8 minute read

New York Law Journal

White-Collar Crime

In this Special Report from the New York Law Journal: "Health Care Fraud: What's Intent Got to Do With It?" "'Newman' Addresses Divisive Insider Trading Question," "Protecting Attorney Proffer Notes From Discovery" and "Failure to Mitigate Damages as a Defense in Mortgage Fraud Cases."
2 minute read

New York Law Journal

Failure to Mitigate Damages as a Defense in Mortgage Fraud Cases

Margery Feinzig, Melissa Fernandez and Joseph Martini of Wiggin and Dana explore the basis for defending against a restitution claim or Guidelines loss calculation when victims fail to mitigate losses based on a recent concurrence in a U.S. Supreme Court decision.
13 minute read

New York Law Journal

'Newman' Addresses Divisive Insider Trading Question

Benjamin Gruenstein and Jeff Izant of Cravath, Swaine & Moore write: In 'United States v. Newman', the U.S. Court of Appeals for the Second Circuit will likely answer a question that has divided courts in insider trading cases: whether, under the so-called "classical" theory of insider trading, a tippee must have knowledge of the personal benefit the tipper derived from the scheme.
16 minute read

The American Lawyer

Ex-Noble Corp. Officials and SEC Settle Bribery Case

Two former executives of the Noble Corporation, an offshore drilling contractor, have agreed to settle civil charges with the U.S. Securities and Exchange Commission that they allegedly bribed Nigerian officials in exchange for oil rig permits.
2 minute read

New York Law Journal

High Frequency Trading: The Regulatory Debate

In his Corporate Crime column, William F. Johnson, a partner at King & Spalding, writes: As the SEC wades into the regulatory pool on high frequency trading, all eyes will be focused on whether subsequent regulations are appropriately and narrowly tailored to promote market stability without limiting the advances that technology has provided for market access and structure.
13 minute read

Litigation Daily

Irell Steers Goldman Banker Past SEC Insider Trading Probe

Irell & Manella's John Hueston said the SEC once appeared on the brink of bringing insider trading claims against ex-Goldman Sachs banker Matthew Korenberg.
3 minute read

Corporate Counsel

2 GCs Out, 1 GC In at Weatherford

Dianne Ralston is replacing William Jacobson as the head of the Weatherford International Ltd. legal department.
2 minute read

Corporate Counsel

In-house Lawyers, Compliance Officers Cited in BNP Deal

A plea deal with French bank BNP Paribas S.A. says lax in-house lawyers and compliance officers allowed the company to commit criminal acts.
5 minute read

More from ALM

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