Rico - Standing to Sue and Something More: Civil Claims under Rico in the Eighth Circuit
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Authors
Tushar, Danene
Issue Date
1985
Volume
18
Issue
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
INTRODUCTION|In Alexander Grant & Co. v. Tiffany Industries, the Eighth Circuit was presented with the novel question of whether an accounting firm which had provided financial and auditing services to a company engaged in criminal and fraudulent activities could bring suit under the Racketeer Influenced and Corrupt Organizations (RICO) provision of the Organized Crime Control Act of 1970. The civil RICO provision, once dormant, is now being used in a flood of litigation. RICO is currently used in areas such as antitrust, securities fraud, and common law fraud. Grant came to the Eighth Circuit at a time when RICO's use was expanding but also while many courts were experiencing tension as to the possibility of a runaway statute. This Note examines the RICO provision, the judicial limitations placed on its use, and the Eighth Circuit's application of RICO to the Grant case...
Description
Citation
18 Creighton L. Rev. 1283 (1984-1985)
Publisher
Creighton University School of Law