DLA Piper, a prominent law firm, faces allegations of pursuing a “frivolous” lawsuit in an attempt to curry favor with Chipotle’s then-general counsel. This claim arises from a malicious-prosecution complaint filed in California state court, suggesting that the case of computer fraud against a nonprofit volunteer was pursued without substantial grounds. The initial case was…
Rave Inc., the developer behind the co-viewing application Rave, has initiated antitrust lawsuits against Apple Inc. in five countries: the United States, Canada, Brazil, the Netherlands, and Russia. The legal actions challenge Apple’s decision to remove the Rave app from its App Store, a move Rave alleges was aimed at eliminating competition to Apple’s own…
In recent developments, a boutique law firm in New York has become a focal point due to its involvement in high-stakes cases related to former President Donald Trump. The firm’s engagement in these complex legal battles has not only heightened its profile but also underscored the lucrative nature of such litigation in the current legal…
Gilead Sciences has initiated legal action against several pharmacies in New York City, accusing them of distributing counterfeit HIV medications that were fraudulently labeled with the Gilead brand. This lawsuit was filed amidst growing concerns over counterfeit pharmaceuticals infiltrating legitimate supply chains, an issue of significant importance for both manufacturers and patients who rely on…
The legal dispute involving Evan Greebel, a former lawyer for Martin Shkreli, once again finds itself in the limelight as arguments over his 401(k) reach the US Court of Appeals for the Second Circuit. This case continues to be a point of controversy due to the intertwining of legal ethics and financial rights. Greebel, who…
Tami Stark, a respected figure in securities regulation, has made a career transition to join the law firm Sher Tremonte LLP in New York. Previously a senior official at the U.S. Securities and Exchange Commission (SEC), Stark brings with her a wealth of experience in enforcement and regulatory compliance, which she will now leverage for…
In a legal development that has captured the attention of the corporate legal community, Wells Fargo, alongside a California-based law firm and an Arizona investment advisory company, faces a lawsuit in a Texas federal court. The litigation centers around allegations that these entities were complicit in facilitating a Ponzi scheme linked to a purported oil-and-gas…
Elon Musk is challenging a securities fraud verdict linked to his statements about Twitter Inc., arguing in court that the decision was based on “bias and prejudice.” He contends that the plaintiffs, former Twitter shareholders, failed to prove the essential elements of a securities fraud claim during the trial. This assertion represents the latest in…
As the Council of Europe’s Cybercrime Programme Office (C-PROC) in Bucharest commemorates 12 years since its inception, the landscape of cyber threats continues to evolve significantly. A recent high-level meeting in Bucharest highlighted the complexities facing Romania and the broader European Union, as cybercriminal activities become more frequent and sophisticated. This anniversary marks a pivotal…
In a notable shift within the U.S. legal landscape, the former adviser to ousted Attorney General Pam Bondi has been appointed as the general counsel for the White House’s fraud task force. This appointment, announced on May 1, 2026, marks a significant development in the ongoing efforts to combat fraud at the highest levels of…
In a recent development, U.S. District Judge Algenon Marbley has recertified a class of FirstEnergy Corp. investors in a securities fraud lawsuit linked to the company’s alleged $1 billion bribery scheme. This decision follows a remand from the Sixth Circuit Court of Appeals, which had previously vacated the class certification due to concerns over the…
In a significant move for the legal industry, Nelson Mullins Riley & Scarborough LLP has fortified its legal team by hiring a seasoned attorney from Faegre Drinker Biddle & Reath LLP. This new addition specializes in representing pharmaceutical and medical device companies, especially in complex litigation such as product liability, consumer fraud, and class actions….
Guy Ficco, who formerly held the position of Deputy Chief at the IRS Criminal Investigation division, is set to join the renowned tax law firm Kostelanetz LLP. Ficco’s decision to transition into a private sector role follows a distinguished 28-year career with the IRS, where he was instrumental in enhancing the agency’s criminal investigation strategies….
A U.S. Army soldier, Gannon Ken Van Dyke, has pleaded not guilty to charges of leveraging classified intelligence for personal financial gain. The charges arise from an incident where Van Dyke allegedly used confidential information about a raid capturing Venezuelan President Nicolàs Maduro to win $400,000 on the prediction market betting platform, Polymarket. Van Dyke,…
The Commodity Futures Trading Commission (CFTC) has appointed a seasoned agency veteran to lead its Whistleblower Office, a move signaling the agency’s continued commitment to fostering transparency and accountability in financial markets. This choice aligns with the CFTC’s ongoing strategy to strengthen its enforcement capabilities by leveraging internal expertise. Christopher Ehrman, who has been with…
In a significant resolution reached this week, a Florida attorney has agreed to settle charges brought by the U.S. Securities and Exchange Commission (SEC) connected to a gold and diamond investment fraud scheme. The legal practitioner will disburse $26,000 following allegations that he played a role in the scheme by managing investor funds without addressing…
In a recent judicial decision, the request for a new trial by Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, has been dismissed by US District Judge Lewis Kaplan. He described the motion as an unnecessary use of court resources, characterizing it as an attempt to shift his legal strategy on dubious grounds….
GrayRobinson, P.A., a prominent Florida-based law firm, is facing a proposed class action lawsuit alleging negligence in the wake of a data breach that exposed the personal information of approximately 65,000 individuals. The breach, which occurred between March 5 and March 24, 2025, involved unauthorized access to the firm’s network, potentially compromising sensitive data such…
Reed Smith LLP and two of its partners have become embroiled in a $262 million lawsuit amid an ongoing legal battle over the ownership of Eletson Gas, an international gas shipping company. This lawsuit intensifies a drawn-out conflict that saw an earlier $102 million arbitral award vacated due to allegations of fraud. This legal tussle…
A Minnesota federal court has ruled against CBD Brewing Co., requiring the brewery to face fraud and trade secrets allegations brought by a beverage startup. This decision follows a $1.8 million jury verdict in a related case, where a co-founder conceded to falsifying documents. The ruling mandates additional discovery, intensifying the legal battle between the…
David Liolos, a lawyer with notable experience in criminal fraud, has returned to Sullivan & Cromwell LLP after serving at the U.S. Department of Justice (DOJ). During his tenure at the DOJ, Liolos focused on high-profile corporate fraud cases, bolstering his already impressive resume in this field. His return to Sullivan & Cromwell, where he…
The Department of Justice (DOJ) has concluded its criminal investigation into Federal Reserve Chair Jerome Powell, shifting the matter to the Fed’s inspector general. The probe had examined whether Powell provided false statements to Congress regarding cost overruns in the Federal Reserve’s headquarters renovation. Initially estimated at $1.9 billion, the renovation costs have grown to…
A legal battle has emerged as a Blank Rome LLP attorney, alongside his brother, has initiated a lawsuit against the attorney responsible for executing their father’s will. Filed in New Jersey federal court, the case alleges that the executor exploited their father’s vulnerable state towards the end of his life, employing undue influence, forgery, and…
In response to the Securities and Exchange Commission’s (SEC) recent amendments to the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system, a coalition of shareholders has initiated the Public Ownership Exchange (POE). This platform aims to enhance transparency and streamline the reporting process for publicly traded companies. In September 2023, the SEC proposed significant changes…
A U.S. Army soldier has been arrested over allegations of insider trading involving advanced knowledge of a military operation concerning Venezuelan President Nicolás Maduro. Gannon Ken Van Dyke, an army serviceman, reportedly amassed profits nearing $410,000 by placing strategic bets on Polymarket, a prediction market platform, exploiting nonpublic information regarding the military’s plans. The Department…