News & Publications

Supreme Court Upholds Fraudulent Inducement Theory Of Wire Fraud

On May 22, 2025, the Supreme Court of the United States affirmed prosecutors' ability to pursue mail and wire fraud charges under the "fraudulent inducement" theory. Under that theory, a defendant need not intend to cause economic harm. As this blog previewed before and after oral argument in Kousisis v. United States, the U.S. Department of Justice (DOJ) has suffered a recent wave of defeats in pursuing fraud charges under various theories, such as when the Supreme Court foreclosed the [...]

Dangerous Traps In The Fourth Circuit: Three Easy Ways To Lose An Issue On Appeal

One of the core competencies of a good appellate lawyer is spotting arguments that have been preserved. Whether you're the appellant or the appellee, knowing when an argument is properly preserved goes a long way. The United States Court of Appeals for the Fourth Circuit publishes very few opinions, so finding a roadmap for issue preservation can sometimes be tricky. In this article, we'll highlight three common questions about practice before the Court, set out [...]

U.S. Supreme Court Rules That Bankruptcy Code Provides Only Limited Abrogation Of Sovereign Immunity To Avoidance Actions

Bankruptcy trustees and chapter 11 debtors-in-possession ("DIPs") frequently seek to avoid fraudulent transfers and obligations under section 544(b) of the Bankruptcy Code and state fraudulent transfer or other applicable non-bankruptcy laws because the statutory "look-back" period for avoidance under many non-bankruptcy laws exceeds the two-year period governing avoidance actions under section 548. "Governmental units" (defined below) sometimes argue that avoidance actions against them under non-bankruptcy law are precluded by the doctrine of sovereign immunity, even [...]