LEGAL

Noah Bank CEO Indicted on Bribery, Fraud Charges

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The United States Attorney’s Office arrested Edward Shin, the CEO of Noah Bank, for allegedly taking bribes in connection with the bank’s issuance of loans and causing the bank to issue loans to companies in which he had a secret interest. According to philly.com, Shin allegedly had been siphoning off of SBA loans.

Celadon Group to Pay $42.2MM in Restitution for Securities Fraud 

Trucking company Celadon Group agreed to pay total restitution of $42.2 million for filing materially false and misleading statements to investors and falsifying books, records and accounts. The company entered into a deferred prosecution agreement in connection with a criminal case primarily focused on the fact that Celadon knowingly filed materially false and misleading statements to investors with regard to the values of assets involved in four trade transactions.

Blank Rome Opens Chicago Office and Adds Four-Partner Group

Blank Rome expanded its national platform to Chicago, with the addition of a four-partner group. The Chicago office will be led by Kenneth J. Ottaviano with Karin H. Berg, William J. Dorsey, and Paige Barr Tinkham joining him.