S2 E21 Reinsurers Cannot Sue Fraud Rings Under RICO
Send us Fan MailIn this episode of The Deep Dive, we break down a significant federal memorandum decision dismissing a racketeering lawsuit filed by Roosevelt Road Re Ltd. and Tradesman Program Managers against a law firm they accused of orchestrating a construction injury fraud scheme.The plaintiffs alleged a coordinated effort to fabricate workplace injuries and exploit insurance claims. But the court never reached the substance of the fraud allegations. Instead, it focused on standing under the Racketeer Influenced and Corrupt Organizations Act (RICO).Because the plaintiffs operated as…
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