Dismissal Sought Of RICO Action Over Reinsurance Premium Kickback Scheme

Mealey's (May 30, 2018, 3:19 PM EDT) -- TRENTON, N.J. — In a lawsuit alleging violations of the Racketeer Influenced and Corrupt Organizations Act (RICO), a mortgage company, insurer and insurance broker argue in May 14 reply briefs in New Jersey federal court that homeowners failed to allege a scheme on lender-placed insurance (LPI) involving the use of kickbacks, including reinsurance premiums (Edward Leo v. Nationstar Mortgage LLC of Delaware, et al., No. 17-05839, D. N.J.)....