Legal Industry News Articles and Law Blog

British Lawyer Arrested for Participating in 11-Year Tax Fraud Scheme Involving Swiss Bank Accounts

May 16, 2012

On Friday, federal agents arrested Michael Little, a British attorney who is also licensed to practice law in New York. He was arrested on charges that he participated in an 11-year tax fraud scheme, in which he advised and helped an American family to defraud the Internal Revenue Service (IRS). More...

New York-Based Securities Lawyer Is One of Four Defendants Sentenced to Prison for Role in $7 Million Fraudulent Stock Manipulation Scheme

May 15, 2012

Two stock promoters, a securities lawyer, and a stock trader, associated with a Costa Rican brokerage firm, were sentenced late last week in the Southern District of Florida for their participation in a stock manipulation scheme. More...

Myspace Settles Federal Regulators’ Charges about Sharing Personal Information with Advertisers and Misleading Millions of Users

May 10, 2012

Social networking service, Myspace has agreed to settle Federal Trade Commission (FTC) charges that it misrepresented its protection of users' personal information. More...

Majority of Banks Will Miss FATCA Compliance Deadline According to Banking Executives: KPMG Survey

May 9, 2012

Finance and tax executives in the U.S. and global banking industry are discovering that preparing to comply with the Foreign Account Tax Compliance Act (FATCA) is very challenging. Many predict that the majority of banks that need to comply with the law’s requirements will not be ready to meet its deadlines, some of which begin on Jan. 1, 2013, according to a survey conducted by KPMG LLP, the U.S. audit, tax and advisory firm. More...

Texas County District Attorney and Private Counsel Indicted for Charges of Conspiracy, RICO, Bribery, Extortion, and Honest Services Fraud

May 8, 2012

District Attorney of Cameron County, Texas Armando Villalobos and private attorney Eduardo “Eddie” Lucio, have been arrested and indicted in connection with a bribery and extortion scheme. More...

Disbarred New York Attorney Admits He Stole Nearly $140,000 from Victims That He Befriended Through His Pro Bono Representation of Entertainers

May 7, 2012

Disbarred New York attorney Howard L. Blau, has pleaded guilty in the Manhattan Federal Court, to charges that he stole nearly $140,000 from his clients. More...

Nationwide Take Down Strikes Down 107 Individuals for Role in False Billing Activities That Netted Them $452 Million

May 2, 2012

Attorney General, Eric Holder, and Health and Human Services (HHS) Secretary, Kathleen Sebelius, announced today that there was a nationwide takedown by Medicare Fraud Strike Force Operations. More...

US Commerce Department Releases New Report Showing That Intellectual Property-Intensive Industries Contribute $5 Trillion, 40 Million Jobs to US Economy

May 1, 2012

The U.S. Commerce Department today released a comprehensive report, entitled “Intellectual Property and the U.S. Economy: Industries in Focus,” which finds that intellectual property (IP)-intensive industries support at least 40 million jobs and contribute more than $5 trillion dollars , or 34.8 percent , to U.S. gross domestic product (GDP). More...

Complaint against 24 Hour Fitness Involves Legality of Requiring Employees to Agree to No-Class-Action Policy as a Condition for Employment

April 30, 2012

The National Labor Relations Board today issued a complaint alleging that 24 Hour Fitness USA, Inc. violated federal labor law by insisting that all employment-related disputes be resolved by individual arbitration. More...

Strong Deal Fundamentals Remain but Companies Are Cautious on M&A in the Short-term, According to Survey

April 27, 2012

A more favorable deal-making environment is not yet convincing corporations to engage in mergers & acquisitions (M&A), according to Ernst & Young’s latest Global Capital Confidence Barometer, based on a survey last month of more than 1,500 senior executives in 57 countries around the world. More...