Federal Judge Adopts Recommendation To Dismiss RICO Claim Against Wells Fargo

(August 10, 2023, 8:56 AM EDT) -- NEW YORK — A New York federal judge adopted a report and recommendation from a magistrate judge and dismissed a complaint alleging that a lender violated the Racketeer Influenced and Corrupt Organizations Act (RICO) by engaging in a racketeering scheme during a mortgage foreclosure action for failure to state a claim....