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Court wrestles with lies and the First AmendmentDuring an intense hour of debate before the U.S. Supreme Court on Wednesday that touched on the harms and benefits of lying, the dramatic high point came when Chief Justice John Roberts Jr. asked if a "pure lie" had any value under the First Amendment. However, it's far from clear whether the example that Justice Stephen Breyer offered, of an honorable lie that saved lives during World War II, will lead the Court to strike down the Stolen Valor Act of 2006, which makes it a crime to falsely claim winning a military honor.
Rakoff Tosses Madoff Trustee's $60 Billion RICO Claims Against UniCredit
Irving Picard's quest to recover money from banks connected to Bernard Madoff's Ponzi scheme has been dealt another blow -- this time worth $60 billion. A federal judge has ruled that Picard lacks standing to pursue racketeering claims against UniCredit for allegedly scheming to funnel billions to Madoff.
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