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The assistant attorney general made it clear that no matter how highly placed the individuals involved in fraud are, they will be called to account and the banks will also be held responsible.

Individual AML compliance officers appear to be increasingly threatened with liability for failure to detect and prevent wrongdoing at their financial institutions.

The DOJ charged two former executives of a publicly traded transportation company with engaging in a multiyear accounting and securities fraud scheme.

On September 12, 2019, Deputy Assistant Attorney General Matthew Miner signaled that the Department of Justice may provide further guidance to prosecutors...

On Monday, Aug. 3, Tom Hayes was convicted and sentenced to 14 years of imprisonment for his part in the manipulation of the London Interbank Offered Rate (Libor).

It has been settled law for some time now that the Seventh Amendment right to a jury trial in U.S. Securities and Exchange Commission enforcement actions extends to liability determinations.

The Securities and Exchange Commission recently issued what could be its most consequential adjudicatory opinion in years.

Schultz "Jason" Chan, former director of biostatistics at Akebia Therapeutics, Inc. (Nasdaq: AKBA), was sentenced to three years in prison following his conviction for insider trading.

With less than two years until the next presidential election, a new campaign fundraising cycle has already begun.

In this age of heightened international enforcement of corporate crime, it is critical that companies be prepared for the possibility that government authorities will employ a variety of investigative

On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Government enforcement partners Chris Conniff (New York) and Jim Dowden (Boston), and securities litigation associate Brendon Carrington have written "Insider Trading Sentences Get Extra Bite" for the May 7 issue of Compliance Reporter.

A medical technologies firm agreed to pay a $7.8 million penalty to settle SEC charges for violating the books and records and internal accounting controls provisions ...

Originally enacted during the American Civil War, the False Claims Act (FCA) is one of the most venerable statutes in the U.S. federal code.

Jonathan Schmidt and Kevin Daly discuss recent examples of efforts by federal prosecutors to expand the reach of criminal liability in the corporate context.

Securities and Exchange Commission Chair Mary Jo White's commitment to enforce securities violations like a cop on the beat seems certain to lead to more litigation, requiring a vigorous defense from the outset for individuals and companies faced with an SEC investigation.

This article outlines the rules governing Civil Investigative Demands for oral testimony and how they differ from the rules governing depositions. It then discusses issues a company should consider when the government demands that its employees (or former employees) testify early in an investigation.