At first blush, this seems like a relatively straightforward case, one of statutoryinterpretation and the seemingly arcane rules of legal jurisdiction.
Nonetheless, this simple argument does not sit well among our most sophisticated legal minds, who anxiously see the tools of statutoryinterpretation as means for achieving some larger end of political economy.
Indeed, with the changes in the political winds, some members of the new legislative body may well applaud the latest exotic judicial interpretation to an arcane statutory provision.
It argues that the company accounts employed more realistic assumptions based on Equitable's belief in its interpretation of the law whereas the statutory returns required more reserves against potential risks.