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"Fraud by failing to disclose information" is defined by Section 3 of the Act as a case where a person fails to disclose any information to a third party when they are under a legal duty to disclose such information. "Fraud by abuse of position" is defined by Section 4 of the Act as a case where a person occupies a position where they are ...
In so holding, the Court reasoned that the exception is triggered by whether the money was obtained by fraud; the question of who committed the fraud is irrelevant. [ 9 ] In her concurrence, Justice Sotomayor argued that the decision should apply only to debts obtained through the fraud of a partner or agent of the bankrupt.
Honest services fraud is a crime defined in 18 U.S.C. § 1346 (the federal mail and wire fraud statute), added by the United States Congress in 1988, [1] which states "For the purposes of this chapter, the term scheme or artifice to defraud includes a scheme or artifice to deprive another of the intangible right of honest services."
Mashinsky, 59, was indicted on July 13, 2023, on seven counts of fraud, conspiracy and market manipulation charges. ... He said he also failed to disclose that he had been selling his holdings of ...
The suit alleges Netflix violated U.S. securities laws by making “materially false and/or misleading statements” and failing to “disclose material adverse facts about the company’s ...
Matrixx Initiatives, Inc. v. Siracusano, 563 U.S. 27 (2011), is a decision by the Supreme Court of the United States regarding whether a plaintiff can state a claim for securities fraud under §10(b) of the Securities Exchange Act of 1934, as amended, 15 U.S.C. §78j(b), and Securities and Exchange Commission Rule 10b-5, 17 CFR §240.10b-5 (2010), based on a pharmaceutical company's failure to ...
A man who once ran more than 100 nursing homes from an office over a New Jersey pizzeria has pleaded guilty in connection with what federal prosecutors called a $38 million payroll tax fraud scheme.
Attorney misconduct is unethical or illegal conduct by an attorney. Attorney misconduct may include: conflict of interest, overbilling, false or misleading statements, knowingly pursuing frivolous and meritless lawsuits, concealing evidence, abandoning a client, failing to disclose all relevant facts, arguing a position while neglecting to disclose prior law which might counter the argument ...