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The American Lawyer

SEC Charges New York Firm With Faking Hedge Fund Returns

The U.S. Securities and Exchange Commission announced fraud charges against a New York investment advisory firm and two of its executives on Wednesday, for allegedly falsifying the performance of two hedge funds they managed.
2 minute read

The American Lawyer

SEC Expands Probe into Bank Hiring Practices in Asia

The Securities and Exchange Commission has expanded its investigation into the way large banks hire employees in Asia, examining whether either the banks or their employees have violated anti-bribery laws by hiring the relatives of well-connected officials, the Wall Street Journal reports.
2 minute read

Connecticut Law Tribune

Norm Pattis: Small Victory A Gift In Gifting Tables Case

I am generally uncomfortable when a client, or a client's family, decides to attend appellate arguments in the state or federal courts. So much is generally at stake, and the nature of the public proceedings are so opaque, that trying to explain the significance of what is happening is almost impossible.
4 minute read

The American Lawyer

Report: Key Energy Facing FCPA Scrutiny

Key Energy Services, a Houston-based oil service company, said in a quarterly filing that it is being investigated by the U.S. Securities and Exchange Commission for potential violations of the Foreign Corrupt Practices Act.
1 minute read

The American Lawyer

Prosecutors Balance Corporate Guilty Pleas with Consequences

Prosecutors who aggressively try to hold big banks accountable for their crimes may also find themselves desperate to minimize the potential fallout, Peter Henning writes in his “White Collar Watch” column for the New York Times Deal Book.
3 minute read

The American Lawyer

Trustee to Pay Out Another $350 Million to Madoff Victims

The trustee overseeing the liquidation of Bernard Madoff's firm began distributing the fourth installment of funds to former customers on Monday, Reuters reports.
2 minute read

The American Lawyer

Teva Reveals Potential Compliance Issues at Affiliates

Israel-based Teva Pharmaceutical Industries Ltd has revealed in its most recent filing with the Securities and Exchange Commission that it has identified compliance issues at some of its affiliates across several countries, the FCPA blog reports.
2 minute read

New York Law Journal

Bruno's Attorney Fights Back in Opening of Second Trial

Federal charges that Joseph Bruno took bribes while serving as majority leader of the state Senate are "hogwash," his attorney said Monday in opening statements of Bruno's retrial.
5 minute read

New York Law Journal

Scope of Disclosure When Investigative Reports Are Released

In their White-Collar Crime column, Elkan Abramowitz and Jonathan Sack write that when public companies and prominent individuals find themselves under investigation, they often face widespread condemnation. Some try to change the story by having an investigative report prepared and released, but such publication carries with it legal risks.
13 minute read

The American Lawyer

Johnson Controls Filing Discloses FCPA Allegations

Johnson Controls noted in a quarterly filing submitted to the U.S. Securities and Exchange Commission that it self-reported allegations that it had violated the Foreign Corrupt Practices Act to U.S. regulators last year.
2 minute read

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