A federal law that makes it a crime to knowingly make false statements to influence the Federal Deposit Insurance Corp. does not punish statements that are merely misleading, the U.S. Supreme Court ruled Friday.
The high court ruled for Patrick Daley Thompson, a lawyer and a former alderman who is the grandson of former Chicago Mayor Richard J. Daley and the nephew of former Chicago Mayor Richard M. Daley, SCOTUSblog reports. Chief Justice John Roberts wrote the unanimous March 21 decision.