When it comes to business torts, folks like calling their wrongdoers “racketeers.” It’s not just because it sounds evil. Claims under the federal Racketeering and Corrupt Organizations Act, (“RICO”) 18 U.S.C. §1961 et seq, carry treble damages. 1 RICO: Excaliber It Ain’t However, as lethal as RICO sounds, implementing it gives it dubious value. Courts scrutinize RICO claims. One court summarized: It has been suggested that “the civil provisions of [RICO] are the most misused statutes in the federal corpus of law . . . (“I surmise that every member of…Read More
