The Supreme Court overturned the conviction of former Chicago alderman Patrick Daley Thompson, stating that misleading statements are not inherently false under the law. Chief Justice John G. Roberts Jr. emphasized a logical distinction between a false statement and one that is merely misleading. Thompson had admitted to misleading bank regulators but contended that his statements did not constitute a crime. The unanimous decision highlighted the importance of precise language in legal interpretations, especially regarding financial regulations.
The law in question prohibited making any false statement or report. False and misleading are two different things, the chief justice wrote.
A misleading statement can be true. And a true statement is obviously not false. So basic logic dictates that at least some misleading statements are not false.
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