Stay updated with breaking news from Elliot Weld. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The former director of risk management at the fallen private capital fund Archegos told a Manhattan federal jury Monday that he lied to banks about the fund's portfolio to induce them to extend lines of credit at the direction of his former boss, Archegos Chief Financial Officer Patrick Halligan.
Attorneys for Donald Trump argued against allowing a court-appointed monitor of the Trump Organization to look into supposed discovery lapses in the New York attorney general's civil business fraud case related to a perjury plea by the company's former longtime Chief Financial Officer Allen Weisselberg.
Winston & Strawn LLP is serving as lead counsel to Hunter Biden in several different legal matters, including a federal gun charge and a congressional inquiry, and won full acquittal for Matthew Grimes, a former assistant to Trump ally Thomas Barrack, on charges that he'd assisted in a foreign influence campaign in the U.S., earning the firm a spot among Law360's 2023 White Collar Groups of the Year.
A New York federal judge tossed a suit brought by a Buffalo-area strip club that was denied Paycheck Protection Program loans during the COVID-19 pandemic, agreeing with a magistrate judge's reasoning that the government was within its rights to exclude adult entertainment businesses from the program.
Morgan Stanley will pay $249 million to resolve allegations that it and a former supervisor made false statements and misused information about block trades — large, market-moving stock purchases — that allowed others to profit, according to agreements announced Friday by New York criminal prosecutors and securities regulators.