FTX’s internal disputes extend beyond the courtroom and into a battle over scarce insurance funds. This has emerged alongside Sam Bankman-Fried, the crypto exchange’s co-founder’s, legal issues. Sam Bankman-Fried’s conviction isn’t the termination of the continuing legal saga encompassing crypto exchange FTX. The company’s former executives are now embroiled in a fraught wrangle over if…
FTX founder Sam Bankman-Fried was under an overwhelming load of incriminatory evidence, and this included some damaging testimony by individuals who were once his closest professional and personal allies. His decision to testify in his own defense at the trial was sparked by the cryptocurrency exchange’s dramatic failure. There are cases where a defendant doesn’t…
The U.S. Supreme Court is hearing arguments on whether a federal statute, forbidding those under domestic violence restraining orders from possessing firearms, violates the Second Amendment. In a recent paper published in the Notre Dame Law Review, two former clerks to conservative justices have argued that the court’s recently adopted historical analog test doesn’t necessitate…
In an interesting development, a Brooklyn federal judge expressed concerns over remarks made by US Attorney Breon Peace. During a press release announcing the indictment of the founder of Ozy Media, Peace’s depiction of the defendant as a “con man” apparently strayed over the line, according to the judge. This, the judge believes, places the…
The California Civil Rights Council (CRD), previously known as the DFEH, has ushered in new regulations that modify the Fair Employment and Housing Act (FEHA). These regulations dictate the conditions under which California employers may contemplate a prospective employee’s criminal history during their evaluation process. They became effective on October 1, 2023, and introduce an…
In a significant development for legal professionals keeping tabs on enforcement activity along the West Coast, Goodwin Procter has brought Katherine Wawrzyniak on board. Wawrzyniak, who was the deputy chief of the criminal division at the U.S. Attorney’s Office for the Northern District of California, joins the firm as a partner. Based in San Francisco,…
Last week, families of nine civilian victims from the Hamas’s October 7 attacks on Israel filed a complaint with the International Criminal Court (ICC). Through their lawyer, François Zimeray, they called for the ICC to prosecute Hamas leaders for war crimes and genocide. They also urged the ICC to issue an international warrant of arrest…
On Sunday, in an unexpected move, the Texas Senate elected to adjourn until Tuesday, foregoing any discussions on House Bill (HB) 4, the controversial immigration bill that had been on its itinerary. This action suggests that the legislation will remain unpassed as the current special session draws to a close, and will have to be…
For those who have yet to engage with it, the UK’s Economic Crime and Corporate Transparency Act 2023 could constitute nothing less than a substantial paradigm shift. The recently passed legal framework includes a multitude of critical clauses and provisions that, at their most fundamental, compel corporations to make rigorous compliance a priority. One of…
In response to the increasing threat of ransomware attacks, an international coalition has taken a significant stand. The United States, along with 39 other nations, recently joined the International Counter Ransomware Initiative. The primary goal of this initiative is to stem the flow of ransom payments to cybercriminals, thus eliminating a significant source of funding…
In a move that is rippling across the international legal landscape, the Economic Crime and Corporate Transparency Act was passed by the UK Parliament on October 26, ushering in several pivotal amendments to the law of corporate criminal liability. The passing of such an Act bears significant implications, particularly for the banking sector, Bryan Cave…
In October 2023, major updates were made to the regulation of per- and polyfluoroalkyl substances (PFAS), also known as “forever chemicals,” with the United States Environmental Protection Agency (EPA) finalising two distinct but related rulemakings. This evolving regulatory landscape warrants the attention of legal professionals, particularly those working with corporations involved in industries where these…
Joe Swanson, former Federal Prosecutor, has made the career move to Foley & Lardner, joining the firm as partner. His new role will contribute to the law firm’s innovative technology capabilities and government enforcement defense and investigations practice based out of Tampa, Florida, an announcement made by the firm on Monday. Swanson’s legal expertise extends…
The ongoing criminal trial of Michael Sussmann, a former partner at renowned law firm Perkins Coie LLP, commenced Tuesday. A prominent figure in Washington D.C.’s legal circles, Sussmann is known for his ties with Hillary Clinton’s 2016 presidential campaign. As the proceedings unfolded, federal prosecutors depicted Sussmann as a privileged insider who purportedly sought to…
The US Supreme Court has refused to hear a case revolving around the claim that a lower court defied its precedent instructions, thus deciding a case involving a South Carolina man on death row. The petition, which was denied on Monday, questioned the impact of the Supreme Court’s 2022 ruling in Shinn v. Ramirez, a…
Katherine Wawrzyniak, a former federal prosecutor, has recently been announced as a new partner of Goodwin Procter in its San Francisco office. Wawrzyniak’s career has put her in the lead of prominent government cases such as the prosecution of Anthony Levandowski, the former Google engineer, and Yevgeniy Nukulin, a Russian hacker. Prior to this, Wawrzyniak…
The rise of artificial intelligence (AI) technology presents a notable shift in sectors ranging from energy to telecommunications and healthcare. Such advancements could drastically improve worker proficiency, thus contributing to economic growth in the United States. However, unlocking these potential benefits requires a fundamental approach emphasizing a national data privacy standard, according to Reps. Cathy…
On Thursday, former Memphis police officer Desmond Mills Jr. pleaded guilty to charges of excessive force and conspiracy related to the death of Black motorist Tyre Nichols. Mills is the first of the five Memphis police officers facing charges to admit guilt. In his plea agreement, Mills confessed to “repeatedly and unjustifiably striking Nichols with…
The Supreme Court of Canada ruled with a 6-1 majority that the mandatory minimum sentencing for child luring offenses is unconstitutionally violating the right against cruel and unusual punishment as stated under the Section 12 of the Canadian Charter of Rights and Freedom. The judgment came out of two separate child luring cases, where the…
In a case that has captured the attention of the legal community, a New York state court jury has returned a not guilty verdict in the trial of a former Boston prosecutor charged with rape. The defendant, who has transitioned to work as an advocate for criminal justice reform, was acquitted of all charges on…
Pharmaceutical company, Gilead Sciences Inc., seeks to recoup over $4 million in legal fees accumulated by Usama Malik, the former chief financial officer of Immunomedics, a unit within Gilead. This repayment is associated with the legal cost that ensued during a federal investigation into alleged insider trading. Usama Malik, 48, was serving as the CFO…
The cryptocurrency industry is facing one of its most consequential trials yet, following the criminal conviction of renowned entrepreneur Sam Bankman-Fried on seven counts of fraud and conspiracy, as reported by eminent journalists Emily Nicolle, Allyson Versprille, and Michael P. Regan on Bloomberg Law. Following the downfall of his FTX crypto empire, Bankman-Fried claimed to…
In a recent decision, the Commonwealth Court of Pennsylvania affirmed a lower court ruling clarifying that a history of welfare fraud and outstanding restitution cannot justify a denial of housing assistance. This marked a victory for applicants seeking support through Pennsylvania’s housing voucher programs. The case at the center of the ruling involved the Lawrence…
In a significant development in the ever-evolving legal landscape of marijuana, the November 2023 edition of “The Week in Weed” showcases a vibrant collection of stories from the world of legalized marijuana. Most notably, numerous cannabis companies have taken a bold step forward in asserting their rights. They have lodged a lawsuit against the federal…
In a recent incident shaking the corporate legal and tech world, hackers have absconded with a notable sum of $4.4 million in cryptocurrency. As confirmed by Bleeping Computer, ZachXBT’s crypto fraud researchers, and MetaMask developer Taylor Monahan, the high-value theft took place on October 25, 2023. This case holds particular significance as it highlights the…