
A Problematic Delay Between Wrongdoing And Consequences For Complex Financial Crimes
It’s hard to ignore how our justice system is stacked in favor of pretty much all financial criminals.
It’s hard to ignore how our justice system is stacked in favor of pretty much all financial criminals.
It’s difficult to imagine a Black or Latino man getting similar treatment in the criminal justice system.
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* Kanye West allegedly called his lawyer "f*cking stupid" and stormed out of a hearing. Sounds pretty "heartless"... [Sun] * Meet the former lawyer who started a successful accessories brand. [Cut] * The Supreme Court has tossed a lawsuit challenging Obamacare. [Politico] * Lawyers for Elizabeth Holmes, the founder of Theranos, are not happy with the judge's changes to a jury questionnaire in Holmes's criminal case. [Yahoo News] * A Long Island judge is accused of shoving a lawyer and calling another one "anti-Semitic." You'd expect someone from "Strong" Island to have a lot of personality... [New York Post]
* Emails between blood-testing company Theranos's founder Elizabeth Holmes and lawyers at Boies Schiller will be permitted as evidence at Holmes's criminal trial. Hope there is no "bad blood" between Holmes and the lawyers... [Wall Street Journal] * Noted defense lawyer F. Lee Bailey passed away yesterday at 87. [Washington Post] * Check out this article on how amicus briefs impacted the Supreme Court's 2020 term. [Juris Lab] * A lawsuit claims metal shards were put in a worker's meal after she complained about racial slurs being used in her presence. [AP] * Illinois has extended a law permitting cocktails to go and is allowing bars to offer free alcohol to vaccinated patrons. Bottoms up! [CBS News]
* Sanctions have been upheld for a lawyer who included a haiku and cited to Bugs Bunny in litigation papers. "That's all folks!"... [ABA Journal] * A New York man, who allegedly posed as a lawyer to bilk elderly victims of money supposedly needed to bail out grandchildren, has been indicted. [New York Post] * A fake immigration lawyer in Florida has pleaded guilty to aggravated identity theft and other charges. Lots of lawyer wannabes in the Morning Docket today! [Tampa Bay Times] * A judge has ruled that the Trump Organization must turn over more documents to the New York Attorney General. [CNN] * Theranos founder Elizabeth Holmes is trying to keep documents from the company's lawyers a secret. [Wall Street Journal] * A server at Denny's is suing for back pay. Her lawyers probably think the case is a "grand slam"... [Connecticut Law Tribune]
* Three Utah County prosecutors have resigned after a defense attorney paid for their tickets to see the Utah Jazz. If you're going to forfeit your job over some graft, it should be way more valuable than some measly basketball tickets... [Salt Lake Tribune] * The attorney at the heart of the New Rochelle COVID-19 cluster is awake and recovering well. [New York Post] * Netflix is facing a lawsuit filed by the prosecutor involved in the infamous Central Park jogger case because the Netflix series dramatizing the matter allegedly depicted the prosecutor in a bad light. [Guardian] * Katy Perry has defeated a lawsuit alleging that she plagiarized one of her songs from a Christian artist. There's a South Park reference in here somewhere... [Christian Post] * A company that bought Theranos patents is using them to sue a company that is working on COVID-19 tests. Seems like a worthy legacy for Theranos. [Business Insider] * The Baltimore State's Attorney will stop prosecuting drug possession, prostitution, and other crimes because of the COVID-19 pandemic. This would have made a great plot line in The Wire. [Baltimore Sun]
* Roger Stone left early from his trial yesterday because he complained of food poisoning. At least this is better than R. Kelly's infected toenail excuse... [CNN] * An attorney alleged to have smuggled a hit list out of jail has been denied the reinstatement of her law license. [East Bay Times] * Attorneys for Theranos founder Elizabeth Holmes have filed a motion to withdraw from the case, stating that they haven't been paid for more than a year. Holmes has come a long way from paying numerous attorneys hefty fees to go after Theranos whistleblowers. [CNBC] * The Prime Minister of Antigua and Barbuda has asked that Harvard Law make reparations to that country for the impact Antiguan slave labor had on the creation of Harvard Law School. [Toronto Star] * A celebrated cellist has won $11M in a slip and fall lawsuit against an upscale food market. That's a lot of cheddar. [New York Post] * Kentucky elected its first African American attorney general last night. [The Hill] * The Supreme Court yesterday seemed to frown upon North Carolina's use of copyrighted images of a pirate ship that sunk off its shores. If you want to see good images of a pirate ship, there's a ride you should check out... [USA Today]
* It's back to work for the justices of the Supreme Court as the October Term 2019 gets started today, with major cases on LGBTQ rights, immigration, abortion, guns, and religion scheduled to be heard over the course of this year. Here's a good summary of five cases to watch. [New York Times] * Are appellate advocates ready for a kinder, gentler experience before the Supreme Court? They’ll now receive two minutes of uninterrupted time at the beginning of oral arguments. This is a “dramatic change” of pace for the high court. [National Law Journal] * According to Mark Zaid, the lawyer for whistleblower #1, there are now two whistleblowers on President Donald Trump's dealings with Ukraine, and the second one reportedly has firsthand knowledge of some of the allegations detailed in the original complaint. [ABC News] * "All of you know your Constitution. The way that impeachment stops is a Senate majority with me as majority leader.“ Sen. Mitch McConnell is promising to end the impeachment proceedings against Trump in his latest campaign ads. [Louisville Courier Journal] * Disgraced Theranos founder Elizabeth Holmes hasn’t paid her lawyers in more than a year, and now they’ve asked a judge to let them off her case. “It is unfair and unreasonable to require Cooley to continue representing Ms. Holmes in this action,” her disgruntled attorneys wrote in their motion. [Mercury News] * “[If] I cannot keep my oath of office, I’d rather die than live without honor.” A judge in Thailand shot himself in court in an apparent attempt to take his own life after acquitting men of murder charges whom he’d reportedly been pressured to convict. [The Guardian]
IP lawyers should be careful about turning off their natural skepticism when counseling clients dealing with inventors, especially where the inventor makes grandiose claims.
With patents in hand, Holmes built a fraudulent company.
Proper trust accounting and three-way reconciliation are essential for protecting client funds and avoiding serious compliance risks. In this guide, we break down these critical processes and show how legal-specific software can help your firm stay accurate, efficient, and audit-ready.
Theranos had both in-house and outside lawyers teams. What went wrong?
In the history of Theranos, from its beginning to its downfall, how was so much missed?
Boies’s firm soldiers on and continues to rake in money by the barrel-load. Yet cracks in its once-burnished veneer are now visible to the naked eye.
* This weekend, a passerby recognized Michael Cohen on the street, calling him out as "that guy that’s going to jail." For his part, President Trump later recognized Michael Cohen as a "good person," calling him out as "not my lawyer anymore." Ouch. [The Hill] * For what it's worth, Michael Cohen may not have to worry about jailtime for too long. After all, Rudy Giuliani says that the president may pardon Paul Manafort after the conclusion of the Russia investigation. His longtime personal lawyer could very well get a pardon thrown his way too. [Washington Post] * Justice Anthony Kennedy had dinner in Manhattan this weekend following his grandson's graduation, and he was treated like the superstar that he is. Per sources, as soon as Justice Kennedy arrived at Antica Pesa for his meal, “a security detail almost shut down a street, as onlookers wondered who he was.” [Page Six / New York Post] * According to a survey conducted by the Corporate Legal Operations Consortium, some in-house leaders are really angry about the latest Biglaw associate raises, and other in-house leaders aren't angry about them at all -- so long as they don't have to pay more for their outside counsel, that is. [Corporate Counsel] * Hot off the heels of her settlement with the Securities and Exchange Commission, Theranos founder Elizabeth Holmes was recently indicted on charges of wire fraud and conspiracy to commit wire fraud in an alleged scheme to con investors and mislead doctors and patients. [MedCity News]
You've gotten the media's attention, but is your technology actually ready for prime time?