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Daily Report Online

In Preview, Donnan was Absolved of Fraud in Civil Trial

Ten months before former University of Georgia head football coach Jim Donnan was acquitted by a federal jury in Athens of multiple counts of fraud, a federal bankruptcy judge absolved Donnan of similar fraud claims after a five-day civil trial.
6 minute read

National Law Journal

Second Class Action Alleges Fraud Against Phone Company

A second $5 billion putative class action has been lodged against TelexFree, a Massachusetts-based company that federal authorities allege created a $1 billion international Ponzi scheme that rooked in at least 700,000 creditors who became members in a program that supposedly allowed people to make unlimited international phone calls.
2 minute read

Daily Business Review

Rothstein Partner Stuart Rosenfeldt Pleads Guilty To Conspiracy

Stuart Rosenfeldt is the last name partner at Scott Rothstein's firm and the eighth attorney overall to face charges following Rothstein's high-profile downfall.
2 minute read

Law.com

Years After Leak Case Pardon, Theft of Records Alleged

The last time Samuel Morison was in federal district court in Maryland he was booked on an espionage charge over leaks of photos from a U.S. satellite. Morison's back—this time not on espionage but alleged theft of government records.
3 minute read

National Law Journal

Zuckerman Partner Named CFTC Enforcement Head

The Commodity Futures Trading Commission has a new top cop: Zuckerman Spaeder litigation partner Aitan Goelman. CFTC Chairman Timothy Massad announced Tuesday that Goelman will serve as director of the agency's 130-lawyer Enforcement Division.
2 minute read

New York Law Journal

Must White-Collar 'Suspects' Be Forewarned?

In his Ethics and Criminal Practice column, Joel Cohen write that law enforcement officials are not required to advise individuals who voluntarily offer to speak with them that they are suspects. So is the commotion over what happened to Zachary Warren of Dewey & LeBoeuf, who was asked to attend a meeting with the SEC where the district attorney's office was present without being told that he was a criminal target, justified?
13 minute read

New York Law Journal

Referring Trade Secrets Theft for Criminal Prosecution

Guy Singer, Mark Mermelstein and Mary Kelly Persyn write: Upon discovery of suspected intellectual property theft, the temptation to seek criminal prosecution under the federal Economic Espionage Act as retribution and deterrence can be overwhelming. But corporate counsel do well to pause, consider carefully, and consult outside counsel with broad criminal law experience before turning to the United States with a criminal referral.
12 minute read

Litigation Daily

Why Is the SEC Stumbling With Insider Trading Trials?

Back-to-back losses by the SEC in insider trading trials amplify concerns that it's done a poor job picking its battles, but they also suggest the agency is at a disadvantage compared to the more successful DOJ.
4 minute read

New York Law Journal

Yadav v. Rajeev

Fifth Amendment Privilege's Assertion Leads To $1.49 Million Award for Swindled Investors
1 minute read

Litigation Daily

Litigators of the Week: Joel Cohen of Gibson, Dunn & Crutcher; Mark Cohen of Cohen & Gresser; and Roland Riopelle of Sercarz & Riopelle

The three defense lawyers won trial victories for clients accused by the SEC of an insider trading scheme at hedge fund Wynnefield Capital.
5 minute read

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