What is the test for a claim that the affairs of a RICO enterprise have been conducted in violation of subsection (c) of Section 1962 of the RICO Act?

MultiRegion, United States of America

The following excerpt is from Ideal Steel Supply Corp. v. Anza, 373 F.3d 251 (2nd Cir. 2004):

Applying these principles to claims that the affairs of a RICO enterprise have been conducted in violation of subsection (c) of 1962, we have upheld dismissals of a variety of civil RICO complaints where the alleged injury was too remote from the alleged racketeering activity. For example, in Sperber v. Boesky, 849 F.2d 60 (2d Cir.1988), the plaintiffs sought damages from a defendant convicted of insider trading in certain stocks, alleging that the plaintiffs lost money investing in other companies in which the defendant was a also shareholder. Plaintiffs' theory was that the defendant's reputation as a successful

Page 258

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