Panel: Restoration Company Has No Standing To Pursue RICO Claim Against Insurer

(March 12, 2018, 1:33 PM EDT) -- RICHMOND, Va. — The Fourth Circuit U.S. Court of Appeals on March 9 affirmed a lower federal court’s finding that a restoration company’s alleged injury was not proximately caused by an insurer’s conduct and, therefore, the restoration company fails to state a plausible claim under the Racketeer Influenced and Corrupt Organizations Act against the insurer and its consultants (Slay's Restoration, LLC v. Wright National Flood Insurance Company, et al., No. 17-1106, 4th Cir., 2018 U.S. App. LEXIS 5958)....