White-Collar Crime
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Biglaw, Crime, Partner Issues, Tax Law, Weirdness, White-Collar Crime
Mystery Departure Solved: Ex-Kirkland Partner Hit With Federal Criminal Charges
Last fall, we wrote about prominent bankruptcy lawyer Ted Freedman's unexplained departure from Kirkland & Ellis. Now we learn that he has been indicted on federal tax-fraud charges, for allegedly hiding millions in income. -
Crime, Federal Government, S.D.N.Y., U.S. Attorneys Offices, Wall Street, White-Collar Crime
An Evening With Preet Bharara
What does the U.S. attorney for the Southern District of New York expect from the prosecutors who work for him? - Sponsored
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Akin Gump, Crime, Insider Trading, John Dowd, Jury Duty, S.D.N.Y., Trials, White-Collar Crime
Quote of the Day: Good Question
We all wanted to give Raj the benefit of the doubt. I wanted to believe he was an honest man. How could someone so smart and rich already be involved in something so horrendous? — Leila Gonzalez Gorman, a 44-year-old teacher from Westchester County, who served on the jury that found Raj Rajaratnam guilty of […]
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Akin Gump, Crime, Insider Trading, John Dowd, Jury Duty, S.D.N.Y., Trials, White-Collar Crime
Breaking: Raj Rajaratnam Found Guilty
Raj Rajaratnam, the billionaire leader of the Galleon Group, has been found guilty. The jury returned a verdict of guilty on all 14 counts Rajaratnam was facing — nine counts of insider trading and five of conspiracy. Rajaratnam could get a sentence of up to 19 and a half years under the federal sentencing guidelines, […] -
Crime, Insider Trading, John Dowd, Jury Duty, S.D.N.Y., Trials, White-Collar Crime
Back to Square One for the Raj Rajaratnam Jury
After seven days of deliberations, one juror in the insider trading trial of Raj Rajaratnam has been dismissed, for unspecified medical reasons. An alternate has been seated, but this means the jury has to begin its deliberations anew. The original jurors must be thrilled. Let’s hope that the dismissed juror was a holdout (either way). […] -
Biglaw, Crime, Fast Food, Gay, Gay Marriage, Insider Trading, Kids, Labor / Employment, Mergers and Acquisitions, Securities and Exchange Commission, Securities Law, Wall Street, White-Collar Crime
Matt Kluger, Ex-Biglaw Associate Charged With Insider Trading, Is A Gay Dad -- and Once Sued Fried Frank Over It
“Aww, Matt, why do you have to go around giving us a bad name?” Ever since Matthew Kluger was charged in a massive insider trading case, involving an alleged conspiracy that spanned 17 years and generated more than $32 million in profit, the foregoing question could be asked by many groups: Cornell grads, NYU law […] -
4th Circuit, 5th Circuit, Animal Law, Barack Obama, Bernie Madoff, Crime, Free Speech, Insider Trading, Jeffrey Skilling, Morning Docket, Pets, Politics, Trials, Wall Street, White-Collar Crime
Morning Docket: 04.07.11
* Former Enron CEO Jeffrey Skilling’s appeal was denied by the Fifth Circuit. While he remains the smartest guy in the room, the room consists of him and a half-wit cellmate whose only discernible talent is making Prune-o. [WSJ Law Blog] * Bruce Fein, an attorney who worked on Clinton’s impeachment and called for Bush’s […]
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Biglaw, Crime, Insider Trading, Lawyer of the Day, Mergers and Acquisitions, Wall Street, White-Collar Crime
Ex-Associate at Three Top Firms Charged With Massive Insider Trading
There’s no contest today for Lawyer of the Day honors. The clear winner is Matthew Kluger, a former associate at three leading law firms, who has been charged in a massive insider trading case. Kluger stands accused of reaping more than $32 million in profit over the course of a 17-year conspiracy, which also allegedly […] - Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so… -
Akin Gump, Blogging, Google / Search Engines, Insider Trading, John Dowd, Kenneth Starr, Non-Sequiturs, Privacy, S.D.N.Y., Technology, Trials, White-Collar Crime, Yolanda Young
Non-Sequiturs: 03.09.11
* Is concern for “privacy” simply a justification for censorship on the internet? Some thoughts from a lawyer for Google. [Peter Fleischer: Privacy…? via Kashmir Hill / Forbes] * What’s the secret to lawyer happiness? And no, it doesn’t involve illegal drugs or porn stars (Charlie Sheen isn’t a lawyer). [Slaw via Legal Blog Watch] […] -
Bernie Madoff, Crime, Department of Justice, White-Collar Crime
A $7.2 Billion Settlement Generates Money for Madoff Victims
Rack up another win for trustee Irving Picard, the partner at Baker Hostetler who’s cleaning up the Bernard Madoff mess. On Friday, Picard and Preet Bharara, the headline-making U.S. attorney for the Southern District of New York, announced a $7.2 billion settlement with the estate of Jeffry Picower (no it’s not spelled “Jeffrey”). Picower, a […] -
Biglaw, Crime, Partner Issues, S.D.N.Y., White-Collar Crime
Lawyer of the Day: Jonathan Bristol, Winston Partner Turned Accused Fraudster
Back in June, we wrote about an amusing effort by Winston & Strawn to rewrite history. The firm edited an historical press release to omit all mention of sketchy lawyer Jonathan Bristol, who joined Winston as a partner from Thelen. Now Winston has even more reason to be embarrassed by its former partner. Earlier today, […] -
Bernie Madoff, Crime, Deaths, Suicide, White-Collar Crime
Madoff Son Found Dead in Suicide (By Legendary Litigator Martin London)
Mark Madoff, the oldest of Bernard Madoff’s two sons, committed suicide on Saturday, by hanging himself in his Manhattan apartment. Saturday was a significant day: the second anniversary of Bernie Madoff’s arrest for running a multibillion-dollar Ponzi scheme. Mark Madoff’s lawyer, prominent Paul Weiss partner Martin Flumenbaum, issued a statement yesterday: “Mark Madoff took his […] -
Crime, Health Care / Medicine, Kids, White-Collar Crime
Former MoFo Partner Accused of Major Fraud
You know how violent felons treat pedophiles particularly bad in the prison system? I wonder if fraudsters reserve special scorn for people who use their disabled children as part of the scam? A former partner at Morrison & Foerster may soon find out. He’s been arrested for defrauding the state of California out of hundreds […]
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Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so…
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Attorney Misconduct, Law Schools, Legal Ethics, White-Collar Crime, William Lerach
Is Teaching at Law School a Form of Community Service? Bill Lerach Thinks So
Victims of what anti-law-school bloggers have dubbed “the law school scam” might argue that working for a law school, or at least the kind of law school that saddles students with debt and can’t get them jobs, is closer to a crime than community service. There is certainly an argument that law professors who aren’t […] -
Attorney Misconduct, Lawyer of the Day, Legal Ethics, White-Collar Crime
Lawyer of the Day: Lawyer-Scammer Gets Scammed -- and Has His Scam Unravel
Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap. The Washington Post reports: Three years into his own scheme of dipping into clients’ funds, Maryland malpractice lawyer Bradley Schwartz received an e-mail from a man claiming to represent a manufacturing company in Singapore, offering him legal work… […] -
Banking Law, Boutique Law Firms, BuckleySandler, Litigators, Musical Chairs, White-Collar Crime
Musical Chairs: BuckleySandler Snags Talent from Mayer Brown
The financial services boutique of BuckleySandler, which launched just a little over a year ago, is expanding at a rapid clip. At the time of launch, it had about 50 attorneys (most of them from the firm formerly known as BuckleyKolar); now it’s approaching 100. The two latest hires are noteworthy. From the BLT: BuckleySandler […] -
Attorney Misconduct, Crime, Divorce Train Wrecks, Legal Ethics, Lindquist & Vennum, Scott Rothstein, White House Counsel, White-Collar Crime
A Trio of Misbehaving Lawyers: Some Updates
For some reason, today brings lots of news about lawyers and the criminal justice system. And we’re not talking about lawyers representing clients, but lawyers who are the clients: John Michael Farren, the former White House lawyer accused of attempting to murder his wife; Scott Rothstein, the Florida attorney who ran a massive Ponzi scheme; […] -
Attorney Misconduct, In-House Counsel, Lawyerly Lairs, Lindquist & Vennum, Real Estate, White-Collar Crime
Lawyerly Lairs: Partner Accused of Misappropriating Money to Overhaul Minnesota Mansion
Back in the summer of 2008, we wrote a post entitled “Summer Associates of the Day: Sapphic Summers in Lesbianic Lip-Lock.” The title of the post pretty much says it all. Well, it turns out that a partner at the same firm, Minneapolis-based Lindquist & Vennum, may have been misbehaving too. The Pioneer Press reports […] -
Crime, Lawyer of the Day, Tax Law, White-Collar Crime
Lawyers of the Week: A Trio of Tax Suspects
‘Tis the season for… W-2s. When you get that handy-dandy form from your employer, we suggest that you file it with your federal income tax return — in timely fashion. [FN1] And don’t forget to file any applicable state and local tax returns, too. Otherwise you could find yourself in deep doo-doo. From the Long […] -
Scott Rothstein, Scott Turow, Travel / Vacation, White-Collar Crime
Scott Rothstein and His Amex Card: He Never Left Home Without It
In the new movie Up in the Air — which is worth seeing, if you haven’t already — Ryan Bingham, played by George Clooney, is on a quest to rack up 10 million frequent flyer miles. That’s a heck of a lot of miles. In the Walter Kirn novel the film was based on, it […]