‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInThe Elizabeth Holmes Trial: Founder Recounts ‘Big Idea’ That Led to Creation of Theranos – WSJ
Elizabeth Holmes took jurors into the Theranos Inc. lab Monday during testimony at her criminal-fraud trial, describing ways the startup sought to reduce errors in lab testing and miniaturize traditionally bulky blood-testing machines. “We thought this was a really big idea,” Ms. Holmes said of Theranos’s attempts to remove human error from steps involved in […]
Justice Department Vows Tougher Action Against White-Collar Crime – WSJ
Deputy Attorney General Lisa Monaco on Thursday said prosecutors would consider all prior wrongdoing by corporations when deciding how to resolve a new investigation. Previously, prosecutors were allowed to only review cases whose facts were similar to the claims in the latest probe. Corporations also won’t qualify for leniency programs unless they provide information on […]
Elizabeth Holmes trial hit by new concern: losing too many jurors
When the trial started on September 8, 12 jurors and five alternates took in opening arguments and braced themselves for a trial that is expected to go until at least December. But the group entrusted with deciding the fate of Holmes — who faces a dozen federal fraud charges over allegations that she knowingly misled […]
Justice Department Sets Up National Cryptocurrency Enforcement Team – WSJ
The U.S. Justice Department is creating a national cryptocurrency enforcement team to tackle investigations and prosecutions of criminal misuses of cryptocurrency and to recover the illicit proceeds from these crimes, Deputy Attorney General Lisa Monaco said Wednesday. The creation of the National Cryptocurrency Enforcement Team, which would be under the supervision of Assistant Attorney General […]
New Top Federal Prosecutors in Manhattan and Brooklyn Are Confirmed – The New York Times
The U.S. Senate confirmed Damian Williams late Tuesday as the new U.S. attorney for the Southern District of New York, the office of Senator Chuck Schumer said, making Mr. Williams the first African American to lead one of the nation’s most powerful federal prosecutor’s offices. Source: New Top Federal Prosecutors in Manhattan and Brooklyn Are […]
Senior DOJ official Daniel Kahn to rejoin Davis Polk as partner | Davis Polk
Davis Polk today announced that veteran prosecutor and senior Department of Justice official Daniel Kahn will join the firm as a partner in the White Collar Defense & Investigations practice in Washington DC. He will focus on representing clients in criminal and regulatory investigations, as well as in civil and criminal trials. Source: Senior DOJ […]
Is Stock Market Rigged? Insider Trading by Executives Is Pervasive, Critics Say – Bloomberg
No one is claiming to know if Filler or any of the other TipRanks stars are taking advantage of nonpublic information. Poker legend Doyle “Texas Dolly” Brunson made five final tables in his career, after all, and it’s possible to get lucky enough to flip a coin and hit heads a bunch of times in […]
Elizabeth Holmes Transforming From CEO to Victim for Jurors
Jurors have not been told yet about the details of the defense Holmes’s lawyers will likely present that she was subject to a “decade-long campaign” of abuse by her former boyfriend and onetime president of Theranos, Ramesh “Sunny” Balwani. Balwani has denied any abuse. Still, jurors who will decide her case are “being exposed to […]
In Silicon Valley, Criminal Prosecutors See No Evil – The New York Times
But behind the spectacle is the reality that criminal prosecutions in Silicon Valley are a rarity. Even a guilty verdict against Ms. Holmes is unlikely to change that. Federal prosecutors in Northern California took on only 57 white-collar crime cases in the 2020 fiscal year, down from 94 in 2019, according to researchers. Although 2021 […]
Jury Selection Begins in Theranos Founder Elizabeth Holmes’s Trial – WSJ
Theranos Inc. founder Elizabeth Holmes heads to court Tuesday, as her legal team seeks to help assemble a group of impartial jurors to weigh the criminal-fraud charges filed against her, a task her lawyers say is challenging, given her case’s notoriety. Ms. Holmes’s legal team and prosecutors with the U.S. attorney’s office for the Northern […]