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Unformatted text preview: SIPCs advance of nearly $13 million to cover their customers claims o Proximate-cause requirement: demand for some direct relation between the injury asserted and the injurious conduct allege-Ideals lost sales could have resulted from other factors Rules of Law/ Application:-RICO: Racketeer Influenced and Corrupt Organizations Act, o prohibits conduct involving a pattern of racketeering activity; right of action is available to an individual harmed in his business by a violation of the Acts restrictions o Section 1964(c) provides a civil cause of action to persons injured by reason of a defendants RICO violation by reason of: need to prove the violation directly caused harm Plaintiffs Contentions:-Joseph and Vincent Anza harmed Ideal by defrauding the NY tax authority and using the proceeds to offer lower prices, thus attracting more customers...
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This note was uploaded on 02/15/2012 for the course MGT 3303 taught by Professor Bell during the Fall '08 term at Texas State.
- Fall '08