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U.S. v. Lucas, No. 95-6688 (6th Cir.) (99 F.3d 1290) (October 30, 1996) (Judge Danny J. Boggs)

Here the Court limited its previous liberal rule that permitted courts to deduct amounts that a bank could easily recover by foreclosure, set-off, etc. to determine loss and explained the interaction between §§ 2B1.1 and 2F1.1.

This decision contains one of the most detailed, and complicated, analyses that we have …

 

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