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Ritchie Capital Mgmt. LLC v. Jeffries

Ritchie Capital Mgmt. LLC v. Jeffries

Ruling
Abstention proper for RICO action filed for tactical purposes that duplicated ongoing adversary proceeding.
Procedural posture

Defendant corporate officers filed motions to dismiss plaintiff investment funds' action, which alleged violations of the Racketeer Influenced and Corrupt Organizations Act (RICO), 18 U.S.C.S. § 1962(a),(c)-(d), common law fraud, and tortious interference with contract.

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Commercial opinion summary, case decided on February 02, 2012 , LexisNexis #0212-139