When does a breach of contract amount to fraud? Last week the Second Circuit answered this question and reversed a $1.27 billion judgment against Bank of America and a $1 million judgment against a former executive for their...more
6/1/2016
/ Bank of America ,
Breach of Contract ,
Corporate Counsel ,
Countrywide ,
Department of Justice (DOJ) ,
Duty to Disclose ,
Fannie Mae ,
Financial Institutions ,
FIRREA ,
Fraud ,
Freddie Mac ,
Intent ,
Jury Instructions
In a break with other Circuits, the First Circuit recently reaffirmed its broad definition of a “false statement’ under the False Claims Act. United States ex rel. Escobar v. Universal Health Services, Inc., No. 14-1423 (1st...more