The U.S. Supreme Court will decide whether a Pennsylvania Department of Transportation contractor's false promise to give a certain share of its business to minority-owned subcontractors rises to the level of depriving the state agency of property, the court announced Monday.
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TOP NEWS

Justices Will Hear Philly Bridge Project Fraud Case

By Matthew Santoni

The U.S. Supreme Court will decide whether a Pennsylvania Department of Transportation contractor's false promise to give a certain share of its business to minority-owned subcontractors rises to the level of depriving the state agency of property, the court announced Monday.

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FTX, Customers Lay Claim To SBF's $11B Forfeiture Tab

By Ben Zigterman

FTX told the New York federal court that hit the company's founder Sam Bankman-Fried with a 25-year prison sentence and an $11 billion forfeiture order that the now-defunct cryptocurrency exchange has a right to those funds, while a group of its former clients asserted a similar claim for itself.

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NJ Power Broker, Firm CEO Brother Accused Of Racketeering

By George Woolston

Powerful New Jersey businessman George E. Norcross III and his brother who is the chief executive officer of law firm Parker McCay have been criminally charged alongside others in a scheme to acquire waterfront property in the distressed city of Camden using threats of economic and reputational harm.

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Baldwin Prosecutors Push For 'Rust' Armorer's Testimony

By Phillip Bantz

New Mexico state prosecutors are seeking to force a convicted armorer to testify during "Rust" actor-producer Alec Baldwin's involuntary manslaughter trial, telling a judge the "world is watching" how the court decides a potentially pivotal legal dispute in the high-profile case.

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Feds Say Bannon Must Go To Prison During Appeals

By Ali Sullivan

The U.S. government on Monday urged the D.C. Circuit to reject Donald Trump ally Steve Bannon's bid to stave off his four-month prison sentence for contempt of Congress, arguing that Bannon cannot show that the full D.C. Circuit or U.S. Supreme Court would take up his case.

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CFTC Fines Trafigura $55M In Novel Whistleblower Action

By Jessica Corso

The U.S. Commodity Futures Trading Commission announced a first-of-its-kind settlement Monday with Trafigura Trading LLC, which agreed to pay a $55 million penalty over allegations that it manipulated oil derivatives prices while discouraging employees from reporting potentially illegal activity.

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Pastor Tied To NYC Mayor Gets 9 Years For Fraud Conviction

By Stewart Bishop

A clergyman and self-described mentee of New York City Mayor Eric Adams on Monday was sentenced to nine years in federal prison following his conviction at trial for a series of fraudulent real estate and business loans, among other misdeeds.

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Man In Murder-For-Hire Plot To Kill Atty Gets Extradited To NY

By Gina Kim

An Indian national indicted in connection with a murder-for-hire plot to assassinate an attorney connected to a Punjab political revolution has been extradited to the Southern District of New York and made his initial appearance in federal court Monday, during which he pled not guilty to the criminal charges against him.

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SECURITIES

Feds Take Hard Line On Tycoon's Pilots After He Goes Free

By Elliot Weld

Manhattan federal prosecutors asked a sentencing judge to consider aggravating circumstances for two pilots who allegedly traded on stock tips from U.K. billionaire Joe Lewis, despite not seeking a prison term for the private equity honcho and former soccer club owner.

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Ex-Stimwave CEO Gets 6 Years For Dummy Implant Scheme

By Rachel Scharf

The founder and former CEO of Stimwave Technologies was sentenced to six years in prison Monday after tearfully proclaiming her innocence to healthcare fraud charges, with a Manhattan federal judge saying it's "sad" the defendant doesn't recognize the harm she inflicted by selling nonfunctional pain management device components.

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SEC Alleges Texas Man Offered Virgin Sham $200M 'Lifeline'

By Gina Kim

Securities regulators sued a venture capitalist and his investment firm in Texas federal court Monday, accusing the firm of making a bogus offer to invest $200 million into Virgin Orbit last year despite having less than $1 in its bank account and causing stock prices to swell before plummeting when the deal collapsed.

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Ex-CNBC Pundit Caught After Years Of Dodging Fraud Claims

By Sydney Price

A former frequent CNBC guest who became a fugitive for nearly three years after being accused of defrauding investors has been arrested and faces a seven-count indictment, California federal prosecutors said Monday.

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SEC Fines Unlicensed Brokers $2.7M In Microcap Stock Case

By David Minsky

The U.S. Securities and Exchange Commission ordered two unlicensed brokers, including one from Florida, to collectively pay a $2.7 million fine for allegedly scamming elderly people into buying microcap shares in companies and lying that the stock was being offered to them at a discount.

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No Coverage For Family Shareholder Row, 2nd Circ. Affirms

By Hope Patti

A Liberty Mutual unit had no duty to defend Paraco Gas Corp. and two of its executives in a family shareholder dispute, the Second Circuit affirmed Monday, finding that all claims in the underlying suit fell within the policy's contract exclusion.

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CYBERSECURITY

Hacker Facing Rare, Deadly Cancer Avoids Prison Time

By Chart Riggall

Despite "vehemently" rejecting defense counsel's arguments seeking a more lenient sentence for a cybersecurity contractor facing up to five years in prison for hacking into a hospital's computer systems, a Georgia federal judge nevertheless handed down a two-year house arrest sentence on Monday, citing the defendant's extremely rare and aggressive form of cancer.

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LEGAL ETHICS

LA City Atty Accused Of Retaliating Against Criminal Chief

By Dorothy Atkins

The former criminal chief of the Los Angeles city attorney's office is seeking more than $1 million over claims she faced a "barrage of retaliation" and was unfairly placed on leave after reporting the city attorney's alleged excessive on-the-job alcohol consumption, her refusal to prosecute certain companies and other purported misconduct.

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Ga. Judge Shuts Down Bond Bid From Convicted Fla. Atty

By Emily Johnson

A Georgia federal judge has denied a Florida attorney's request to remain free on bond while she appeals her conviction and more than six-year prison sentence for fraudulently obtaining federal pandemic-relief loans meant for businesses, calling her request "the latest chapter in her attempt to dodge the consequences of her malevolence."

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HEALTH

Teva, DOJ Signal Key Kickback Case May Fizzle At 1st Circ.

By Jeff Overley

A U.S. Department of Justice kickback case against Teva Pharmaceuticals — closely watched by False Claims Act lawyers because of its multibillion-dollar stakes and its link to a major circuit split — is poised for settlement, according to a new First Circuit filing ahead of eagerly awaited oral arguments.

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Accused NBA Fraud Leader May Testify At Doctor's Trial

By Elliot Weld

A former NBA player who was sentenced to 10 years in prison for allegedly spearheading a scheme to defraud the league's healthcare plan is likely to be called to testify at the upcoming trial of a co-defendant, a Manhattan federal judge said Monday.

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DOJ Wants 15 Years For Outcome CEO's $1B Fraud

By Lauraann Wood

Federal prosecutors said former Outcome Health CEO Rishi Shah should serve 15 years in prison while Outcome's co-founder and ex-financial chief each serve 10 years following their convictions for running a $1 billion fraud that affected lenders, investors and clients.

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Brief

Mass. Dentist Indicted In Alleged $2M Medicaid Fraud

By Julie Manganis

A Massachusetts dentist and her practice have been charged with fraudulently billing the state's Medicaid program, MassHealth, more than $2 million for services that were never provided.

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CONSUMER PROTECTION

CFPB Reaches $7M Deal In Suit Over Ex-Exec's Money Moves

By Jon Hill

The Consumer Financial Protection Bureau said Monday that it will accept $7 million from a former online loan executive and his wife to resolve a Kansas federal court lawsuit in which the agency accuses them of trying to keep millions more dollars out of the agency's reach.

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CANNABIS

Maryland Gov. Moore Grants Sweeping Marijuana Pardons

By Sam Reisman

Maryland Gov. Wes Moore on Monday announced that he had signed an executive order pardoning more than 175,000 convictions for possession of marijuana and marijuana paraphernalia.

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TAX

$2.1B Danish Tax Fraud Defendant Pushes For Separate Trials

By David Hansen

An attorney facing trial alongside his clients on allegations of filing $2.1 billion in fraudulent tax refund claims in Denmark urged a New York federal court to hear his case separately, saying disparate legal arguments could confuse a jury if only one trial is held.

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Bouncer Admits To Promoting Prostitution After $5.7M Sting

By Aaron Keller

A 41-year-old bouncer at a Connecticut strip club pled guilty Monday to facilitating prostitution and received a promise from the prosecution to recommend a reduced sentence as authorities press separate cases against a club boss who allegedly hid $5.7 million in income without reporting it to the Internal Revenue Service.

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COMPETITION

Huawei Slams Netgear's 'Tenuous' RICO Case

By Andrew Karpan

Huawei has responded to a racketeering and antitrust case from a major U.S. maker of Wi-Fi routers by calling it "rife with tenuous legal and factual claims" and comparing its reworking of patent infringement allegations to the U.S. Federal Trade Commission's failed antitrust case against Qualcomm.

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PEOPLE

Quinn Emanuel Adds Another Ex-Federal Prosecutor In NY

By Andrea Keckley

Quinn Emanuel Urquhart & Sullivan LLP said Friday that it has added another former federal prosecutor to its ranks — this time an of counsel who joined from the U.S. Attorney's Office for the Southern District of New York in May.

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Creditors Say Giuliani Is 'Shrewd' And Needs Ch. 11 Trustee

By Hilary Russ

Rudy Giuliani's creditors made their argument to a New York judge on Monday about why they felt he should be stripped of control of his bankruptcy case, disparaging his motives, missing financial information and ability to stick to a budget.

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EXPERT ANALYSIS

Think Like A Lawyer: Always Be Closing

When a lawyer presents their case with the right propulsive structure throughout trial, there is little need for further argument after the close of evidence — and in fact, rehashing it all may test jurors’ patience — so attorneys should consider other strategies for closing arguments, says Luke Andrews at Poole Huffman.

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LEGAL INDUSTRY

Q&A

Lambda Legal Calls For More LGBTQ+ Judges

By Courtney Bublé

President Joe Biden has made a historic increase in the diversity of judicial appointees, but a major LGBTQ+ legal organization is hoping for more progress with LGBTQ+ judges and says the clock is ticking.

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Justices To Hear Nvidia Case On Securities Pleading Standard

By Jessica Corso

The U.S. Supreme Court on Monday agreed to hear an appeal of a Ninth Circuit ruling that revived investors' claims over chipmaker Nvidia's crypto mining sales, giving the high court a chance to weigh in on the pleading requirements needed to sustain a shareholder class action.

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High Court Will Mull Proof Needed For Wage-Hour Carveout

By Jon Steingart

The U.S. Supreme Court said Monday it will hear a wage and hour case from a supermarket distributor, teeing up an opportunity for the justices to articulate the standard by which an employer must demonstrate workers are exempt from overtime.

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Milbank Snags FTC Competition Trial Chief For DC Office

By Lauren Berg

Milbank LLP announced Monday it has hired the chief trial counsel for the Federal Trade Commission's Bureau of Competition, bulking up its Washington, D.C., antitrust and competition practice with a veteran litigator who led the government's challenge to Microsoft Corp.'s $69 billion acquisition of Activision Blizzard.

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Columbia Law Adds UChicago Vice Provost As 1st Black Dean

By Tracey Read

A former deputy dean at the University of Chicago Law School will take over as dean of Columbia Law School on Aug. 1, Columbia University President Minouche Shafik announced Monday.

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NYC Bar Blasts Judges' Columbia Boycott Letter

By Sue Reisinger

The New York City Bar Association on Monday questioned the impartiality of 13 federal judges who issued a letter last month publicly refusing to hire students from Columbia Law School as clerks because of campus political protests over the Israel-Hamas war.

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Texas Bar Proposes Limits On Services From In-House Attys

By Lynn LaRowe

The State Bar of Texas said in-house lawyers working for companies owned by nonattorneys are barred from providing legal services to the businesses' customers unless the work meets specific criteria because otherwise, the companies run afoul of rules forbidding the unauthorized practice of law, according to a proposed ethics opinion.

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Attys Accused Of Judge Shopping Must Turn Over Q&A Doc

By Emily Sawicki

Attorneys accused of a coordinated effort to "judge shop" amid federal suits challenging an Alabama law banning certain medical procedures for transgender youth must supply a document the court believes displays the attorneys' preparations for a panel hearing in which one of the attorneys allegedly committed perjury.

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NJ Firm Defends Lien On Ex-Client's Patents After Unpaid Bills

By Andrew Karpan

A major New Jersey law firm said it has a "common law" right to place a lien on its former client's patents without telling it, after the "failed" biopharmaceutical startup fired the firm and stopped paying its outstanding legal bills.

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Clients Say McGrath Kavinoky 'Bullied' Them Into Abuse Deal

By Jack Karp

California firm McGrath Kavinoky LLP, which inked more than $374 million in settlements for women who say they were sexually abused by a UCLA Health gynecologist, misled its clients and "bullied" them into accepting far smaller amounts than they were promised, according to a lawsuit in state court by two ex-clients.

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McConnell Denounces Judicial Nominee For District Of Ore.

By Courtney Bublé

Senate Minority Leader Mitch McConnell, R-Ky., took to the Senate floor on Monday to criticize Magistrate Judge Mustafa Taher Kasubhai, a nominee for a district court judgeship in the District of Oregon whose confirmation vote is teed up for Tuesday. 

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Brief

Biden: High Court 'Never Been As Out Of Kilter'

By Courtney Bublé

President Joe Biden said at a campaign event over the weekend that the U.S. Supreme Court "has never been as out of kilter as it is today."

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Catching Up With Delaware's Chancery Court

By Leslie A. Pappas

Proposed amendments to Delaware's General Corporation Law that were prompted by several recent Chancery Court rulings sailed through the state Senate last week despite loud opposition from corporate law professors and other Chancery Court watchers, and Tesla shareholders filed two new suits against CEO Elon Musk. 

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LAW FIRMS IN TODAY'S NEWS

Akin Gump

Badham & Buck

Bainbridge Mims

Berger Fischoff

Bernstein Litowitz

Boies Schiller

Bowles Law Firm

Boyden Gray

Bracewell LLP

Brown & Connery

Bryan Cave

Chaiken Ghali

Clement & Murphy

Cooley LLP

Cooper & Kirk

Copeland Franco

Cravath Swaine

Critchley Kinum

Day Pitney

Dewey Pegno

Dominick Feld

DuBose Miller

Faegre Drinker

Farah & Farah

Farella Braun

Garland Samuel & Loeb

Hogan Lovells

Hughes Hubbard

Husch Blackwell

Jenner & Block

Joseph Hage Aaronson

Kaplan Hecker

Keker Van Nest & Peters

Kessler Topaz

King & Spalding

Kirkland & Ellis

Law Office of Christopher Duby

Lightfoot Franklin

Manly Stewart

Marino Tortorella

Mathewson Law LLC

McCarter & English

McKool Smith

McNicholas & McNicholas

Melehy & Associates

Milbank LLP

Minnella Tramuta

Morgan Lewis

Moskowitz Law Firm

Mukasey Young

Parker McCay

Paul Hastings

Paul Weiss

Poole Huffman

Quinn Emanuel

Ropes & Gray

Sallah Astarita

Shapiro Arato

Shook Hardy

Spencer Fane

Stein Sperling

Sullivan & Cromwell

Susman Godfrey

Walden Macht

White & Case

Williams & Connolly

Willkie Farr

Wilson Elser

COMPANIES IN TODAY'S NEWS

ADVA Optical Networking

Activision Blizzard Inc.

Albertsons Cos. Inc.

Alliance Defending Freedom

American Bar Association

American Civil Liberties Union

American Home Assurance Co.

Boehringer Ingelheim Vetmedica Inc.

Boston Celtics

Charlotte Hornets

Chegg Inc.

Citizens for Responsibility & Ethics in Washington

Conner Strong & Buckelew

Cott Corporation

De Novo

Delaware State Bar Association

Detroit Pistons

Gay & Lesbian Advocates & Defenders

Getty Images Holdings Inc.

Google LLC

Gwinnett Medical Center

Huawei Technologies Co. Ltd.

Ironshore Inc.

Lambda Legal Defense & Educational Fund

Last Prisoner Project

Liberty Mutual Insurance Group

LinkedIn Corp.

Los Angeles Clippers

McDonald's Corp.

Microsoft Corp.

Mirati Therapeutics Inc.

NETGEAR, Inc.

NVIDIA Corp.

National Center for Lesbian Rights

New York City Bar Association

New York University

Oregon State Bar

Outcome Health

Paraco Gas Corp.

Public Citizen Inc.

QUALCOMM Inc.

Regeneron Pharmaceuticals Inc.

Retrophin Inc.

Sales Inc.

Smart Approaches to Marijuana

Solid Biosciences Inc.

Southern Poverty Law Center Inc.

State Bar of Texas

Tesla Inc.

Teva Pharmaceutical Industries Ltd.

The AES Corp.

The American Law Institute

The Florida Bar

The Institute of Electrical & Electronics Engineers Inc.

The Kroger Co.

The Michaels Organization

Therapeutics Inc.

Trafigura Group Pte. Ltd.

Twitter Inc.

U.S. Chamber of Commerce

UCLA Health System

Virgin Galactic Holdings Inc.

Virgin Orbit LLC

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

Washington Legal Foundation

Yale University

GOVERNMENT AGENCIES IN TODAY'S NEWS

Alabama Attorney General's Office

California Civil Rights Department

California Public Employees' Retirement System

Commodity Futures Trading Commission

Commonwealth of Massachusetts

Consumer Financial Protection Bureau

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Trade Commission

Internal Revenue Service

Los Angeles Superior Court

New York City Police Department

Pennsylvania Department of Transportation

Texas Supreme Court

U.S. Attorney's Office

U.S. Attorney's Office for the Central District of California

U.S. Attorney's Office for the District of Kansas

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the Northern District of Georgia

U.S. Attorney's Office for the Northern District of Illinois

U.S. Attorney's Office for the Southern District of Georgia

U.S. Attorney's Office for the Southern District of New York

U.S. Bankruptcy Court for the Southern District of New York

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Justice

U.S. District Court for the Central District of California

U.S. District Court for the District of Connecticut

U.S. District Court for the Middle District of Alabama

U.S. District Court for the Northern District of Georgia

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of New York

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Kansas

United States District Court for the Southern District of Georgia