Panel Upholds Dismissal Of Time-Barred Claims In RICO Foreclosure Suit

Mealey's (April 20, 2022, 2:42 PM EDT) -- CHICAGO — A federal district court did not err in dismissing Racketeer Influenced and Corrupt Organizations Act (RICO) claims brought by members of a limited liability company that defaulted on a mortgage loan because the claims were time-barred pursuant to the statute’s four-year statute of limitations, a Seventh Circuit U.S. Court of Appeals panel ruled in affirming on April 4....