U.S. Government Appeals Landmark Insider Trading Decision to the Supreme Court
This guest post was authored by our colleague Rimma Tsvasman, an associate in the firm’s Litigation Department in New York. Rimma concentrates her practice on corporate and securities transactions, investment management and commercial litigation. She can be reached at rtsvasman@mmwr.com or 212-867-9500. In a highly anticipated move following a… Read More
Landmark $1.375 Billion Settlement in S&P Case Highlights DOJ’s FIRREA Civil Enforcement
Just two years after the ink dried on the Department of Justice’s civil complaint against McGraw-Hill Financial, Inc. and its wholly owned subsidiary Standard and Poor’s Financial Services LLC and almost a decade after S&P was alleged to have misled investors by promoting all-star grades… Read More
DOJ Hopes to Prosecute More Criminal Cases Arising Out of False Claims Acts
On Wednesday, Assistant Attorney General for the Criminal Division Leslie R. Caldwell spoke at the Taxpayers Against Fraud Education Fund annual conference in Washington D.C., and announced that the DOJ is closely examining civil False Claims Act lawsuits in order to find possible criminal cases.… Read More
Justice Department’s Integrity Section Scores a Win in McDonnell Case: Gov. McDonnell Should Have Accepted the Plea Deal Because the Broken Marriage Defense Didn’t Work
More than two years after the Justice Department Public Integrity Section’s embarrassing fumble in the campaign finance trial that didn’t result in a conviction against former U.S. Senator John Edwards, the section successfully prosecuted former Virginia Gov. Bob McDonnell (a onetime Republican rising star who… Read More
Insider Trading Probe a Bogey for Mickelson?
On Friday, the Wall Street Journal and New York Times reported that federal authorities are investigating investor Carl Icahn, gambler William Walters and golf champion Phil Mickelson for insider trading. Investigators are examining a series of successful trades by Walters and Mickelson of shares of… Read More
Chinese Government Outraged Over DOJ Indictment, Calling Charges “Ungrounded” and “Absurd”
Yesterday, the Department of Justice unsealed a 31 count indictment against five members of the Chinese People’s Liberation Army: Wang Dong, Sun Kailiang, Wen Xinyu, Huang Zhenyu, and Gu Chunhui. The five men were indicted on May 1st by a federal grand jury in the… Read More