RICO laws
Artex Captive Insurance Strategies Fraud and RICO Class Action
A group of companies and individuals, the complaint for this class action alleges, duped people into taking part in an illegal tax-shelter scheme it calls the Captive Insurance Strategies. The complaint claims that the group violated the Racketeer Influenced and Corrupt Organizations (RICO) Act and committed fraud, among other things. Read more
Ranbaxy Labs Generic Drug Applications Antitrust and RICO Class Action
When the patent on a drug expires, another company may make a generic version of it. But even these generics must be approved by the Food and Drug Administration (FDA). The complaint for this class action claims that Ranbaxy Laboratories Limited and its associates engaged in dishonest behavior in rushing generic applications to the FDA Read more
MobiLoans “Rent-a-Tribe” Illegal Lending Scheme RICO Class Action
This is yet another case about the “rent-a-tribe” usurious lending scheme run primarly by Think Finance, LLC and its associates. This time, the defendant is MobiLoans, LLC and the complaint alleges violations of the Racketeer Influenced and Corrupt Organizations (RICO) Act. Read more
Big Picture Loans “Rent-a-Tribe” Lending Scheme RICO Class Action
State laws regulate lenders, requiring that they be licensed and specifying a ceiling on the amount of interest they can charge. But in recent years, some have tried to get around these laws, and any regulation whatsoever, by falsely claiming that their loan companies are owned by Native American tribes and taking advantage of sovereignty Read more
Manufacturers and Distributors Conspired to Raise Opioid Use RICO Class Action
The complaint for this class action begins by pointing out that, since 1999, there have been more than 183,000 opioid-related deaths in the US, or more than three times the number of US soldier who died in the Vietnam War. Its primary allegation is that the manufacturers and distributors of opioids have violated the Racketeering Read more
Equitable Acceptance Student Loan “Forgiveness” Scam RICO Class Action
Plaintiff Vanessa Williams took out student loans totaling approximately $21,000 for her education. When SLF Center called her and told her it could obtain loan forgiveness for her, she was naturally interested. But according to the complaint for this class action, all that happened was that Williams was saddled with yet another loan, via Equitable Read more
Oxford Health Insurance Prescription Overcharges ERISA Class Action
The complaint for this class action claims that Oxford Health Insurance, Inc. (OHI) arranged with pharmacies to overcharge patients for prescription drugs and return the overcharges as “clawbacks” to Oxford, in violations of the terms of their health insurance plans. According to the complaint, the insurer’s actions violate the Employee Retirement Income Security Act (ERISA) Read more