Split 2nd Circuit Reverses Decision Barring RICO Claims In $162M Estate Dispute

(July 26, 2023, 1:14 PM EDT) -- NEW YORK — A split Second Circuit U.S. Court of Appeals reversed and remanded a district court’s decision that barred a woman’s Racketeer Influenced and Corrupt Organizations (RICO) Act claims in her suit alleging that her brother looted their father’s estate of more than $162 million in assets, finding that the woman’s claims are not barred by the RICO amendment because the alleged conduct did not involve buying or selling securities....