On June 23, 2014, the Supreme Court issued its decision in Loughrin v. United States. The question in this case is whether the government must prove that a defendant intended to defraud a bank and expose it to risk of loss in every prosecution under 18 U.S.C. § 1344, or whether the government need only prove that a defendant knowingly attempted to defraud someone “to obtain any of the moneys, funds, credits, assets, securities, or other property owned by, or under the custody or control of, a financial institution, by means of false or fraudulent pretenses, representations, or promises.” -- Justice Kagan delivered the opinion of the Court, which held that the government does not need to prove that a defendant charged with violating 18 U. S. C.§1344(2) intended to defraud a bank. The judgment of the Tenth Circuit was affirmed. Justice Kagan's opinion was joined in full by the Chief and Justices Kennedy, Ginsburg, Breyer, and Sotomayor. Justices Scalia and Thomas also joined as to Parts I and II, Part III–A except the last paragraph, and the last footnote of Part III–B. In addition, Justice Scalia, joined by Justice Thomas, concurred in part and in the judgment. Justice Alito filed a separate concurrence in part and in the judgment. -- To discuss the case, we have Todd Braunstein, who is counsel at the law firm WilmerHale.