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BONUS CONTENT: High Court May Limit the Reach of the Wire Fraud Statute: Post-Argument Update
In our recent article, we reviewed the briefing in Kousisis v. United States, O.T. 2024 (No. 23-909), an appeal that considers the viability of the fraudulent inducement theory, under which the government argues that deception to induce a commercial exchange can constitute mail or wire fraud, even if inflicting economic harm on the alleged victim was not the object of the scheme. The defense argued that in the absence of an intent to cause harm to the victim’s property, there could be no wire fraud.
On Dec. 9, 2024, the Supreme Court heard oral argument on the case. The Court appeared divided on the issue. Several justices appeared to share the views of Petitioners, emphasizing concerns about federalism and broad prosecutorial discretion — concerns repeatedly expressed by the Court in the context of interpreting other broadly-worded federal criminal statutes.
'Huguenot LLC v. Megalith Capital Group Fund I, L.P.': A Tutorial On Contract Liability for Real Estate Purchasers
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
The Power of Your Inner Circle: Turning Friends and Social Contacts Into Business Allies
Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
CoStar Wins Injunction for Breach-of-Contract Damages In CRE Database Access Lawsuit
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.
