This section contains the nature of the case and procedural background.

Corrigan (D) verified, under oath, a statement of loans secured by a pledge of bonds, stock, or other collateral. D affirmed in the state insurance department report that there were none. That statement was false. D was indicted for perjury. At trial, D wanted to claim that he made the false statements to 'escape the importunities of Wall Street.' That testimony was refused. D was convicted. The intermediate court reversed D's conviction. The People (P) appealed.

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