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Burr & Forman

I Meant it at the Time: Second Circuit Reverses $1.2BN FIRREA Judgment

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It’s hornbook law that a later intentional breach of contract, alone, doesn’t equal promissory fraud. Holding it therefore cannot establish mail or wire fraud, the Second Circuit reversed the Government’s $1.2 Billion FIRREA...more

Orrick - Finance 20/20

U.S. Sues Bank of America for Alleged Mortgage Fraud Against GSEs

Orrick - Finance 20/20 on

On October 24, the U.S. Attorney for the Southern District of New York filed suit against Bank of America and Countrywide seeking damages for over $1 billion in alleged losses suffered by Fannie Mae and Freddie Mac....more

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