RICO laws
CITIC Capital RICO Conspiracy GNC Shareholders’ Class Action
This class action is brought by minority shareholders in GNC Holdings, Inc. The complaint alleges that “a number of state-owned Chinese corporations and individuals, GNC’s Board of Directors and senior management, certain [of] GNC’s secured lenders and financial advisor” who have conspired “to enrich themselves at the expense” of other shareholders through dishonest actions that Read more
EpiPen Antitrust and RICO Settlement
A partial settlement has been reached in a consolidated class action concerning the marketing and sales of EpiPens, with Pfizer, Inc., Meridian Medical Technologies, Inc., and King Pharmaceuticals, LLC. The complaint alleged the companies violated state antitrust laws and the federal Racketeering and Corrupt Organizations (RICO) Act, harming competition and causing consumers to overpay for Read more
Cinergy Health Group Term Life Insurance Scheme Class Action
This class action concerns association term life insurance certificates bought from Cinergy Health, Inc. (which does business as Cinergy Health & Life Insurance Agency). The certificates were underwritten by Companion Life Insurance Company and issued through Companion or the National Congress of Employers, Inc. (NCE). The complaint alleges deception in the sale and marketing of Read more
Crop Inputs Antitrust and RICO Class Action
Crop inputs include seeds and the chemicals that protect them, such as fungicides, herbicides, and insecticides. This class action brings suit against four manufacturers, three wholesalers, and a number of retailers alleging violations of antitrust laws and the Racketeer Influenced and Corrupt Organizations (RICO) Act. The defendants include companies like Bayer CropScience Incorporated, Syngenta Corporation, Read more
Wells Fargo Claims Mortgage Assignment in Bankruptcy Case RICO Class Action
The initial filings for this pro se class action add up to over 700 pages. The main defendant is Wells Fargo Bank, NA; the case seems to have begun with a mortgage and the bankruptcy of the original lender; and then a foreclosure without a proper, legal assignment. The most prominent allegations involve the Racketeer Read more
Big Picture Loans High Interest Rates Settlement
This settlement resolves a class action against Big Picture Loans and Red Rock Tribal Lending, which does business as Castle Payday Loans, and also resolves other cases based in Virginia, California, Oregon, Georgia, and Massachusetts. The complaint alleged that the companies violated state usury laws and the Racketeer Influenced and Corrupt Organizations (RICO) Act, made Read more
Manufacturers, Distributors, Pharmacies Opioid Epidemic RICO Case
A very large multi-district litigation (MDL) case on opioids is currently working its way through the court system, with multiple complaints, long lists of defendants, and around 3,500 documents currently on file. The complaints bring suit against a group of manufacturers, marketers, distributors, national pharmacies, and pharmacy benefit managers, for creating or contributing to the Read more
Syndicated Conservation Easement Tax Strategy Rejected by IRS RICO Class Action
The Internal Revenue Service (IRS) allows some conservation easements to be considered a noncash charitable contribution deduction, which can have substantial tax benefits for certain individuals. However, the easements must be placed on the property in strict compliance with the terms set by the IRS. The complaint for this class action brings suit against a Read more
Fake Celebrity Endorsement “Free Trial” Scam Class Action
Plaintiff Cindy Adam signed up for a “free trial” of Nuvega Lash products on August 24, 2017. The complaint alleges that she “was billed multiple times that day for their products.” A couple of weeks later, she was billed again, twice, without her permission, resulting in an insufficient funds fee for her account This class Read more
Insurance Office of America Inflated Securities RICO Class Action
This class action brings suit against Insurance Office of America, Inc. (IOA) and IOA Group, LLC, alleging that the company ran a Ponzi scheme that inflated stock prices. It also claims that the company defrauded its employees, customers, and independent sales agents and overbilled customers with fraudulent fees added to premiums. Read more