InvestorsHub Logo
Followers 48
Posts 2095
Boards Moderated 0
Alias Born 02/08/2011

Re: svek post# 66938

Friday, 02/16/2018 12:22:32 PM

Friday, February 16, 2018 12:22:32 PM

Post# of 139607
Why isn't it in the complaint plus RICO problems?

If that is correct, then why isn't the amount in any of the complaints or amended complaints?

As a follow up, most judges do not like seeing a business litigation turned into a RICO case:
RICO Lawsuits Are Tempting, but Tread Lightly

Unfortunately for plaintiffs, there are onerous requirements for the complaint to show that there is enough evidence to allow the lawsuit to move forward as a RICO case. Judges take a dim view of efforts to turn what look like ordinary state law claims into federal cases by claiming a RICO violation. For that reason, RICO cases often don’t survive the pleading stage.



Louis J. Desy Jr.