07.07.16 | Articles
Implications of 'Countrywide' for Mail and Wire Fraud Prosecutions
New York Law Journal
Prosecutors tend to interpret white-collar criminal statutes expansively, and sometimes courts push back. In this article, we discuss the Second Circuit’s decision reversing the $1.2 billion judgment against Bank of America’s Countrywide mortgage unit, and explain how a relatively obscure principle of statutory interpretation, the “common law canon,” led to the Second Circuit’s unexpected decision.
Implications of 'Countrywide' for Mail and Wire Fraud Prosecutions (PDF | 252.35 K)