How The DOJ Is Adapting In The War On Financial Fraud

Law360, New York (November 9, 2012, 1:44 PM EST) -- In the wake of the financial crisis, the United States has continued to pursue major civil enforcement litigation with increasingly aggressive theories of liability against financial institutions. Now, with its sixth lawsuit against a major financial institution in less than two years, the U.S. Attorney’s Office for the Southern District of New York (SDNY) has taken a giant step in its efforts to expand financial institutions’ liability by targeting a seller of conventional loans to the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, with allegations...
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