Civil RICO - What Hath Congress Wrought - Superior Oil Company v. Fulmer
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Authors
Sivick, Robert J.
Issue Date
1987
Type
Journal Article
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Abstract
INTRODUCTION|At its annual meeting in August of 1986, the American Bar Association's House of Delegates passed a resolution that proposed severe limitations on private lawsuits brought under the Racketeer Influenced and Corrupt Organizations Act ("RICO"). This resolution, hailed by some as placing "principle ahead of profit," was passed easily by a vote of 174-128. Ironically, just sixteen years earlier, the American Bar Association's Board of Governors proposed the same civil RICO provisions to Congress that prompted cries for reform at the 1986 meeting. |From the date of its enactment, RICO has had a controversial, if not a "long and dishonorable," history. Considered to be one of the most "sophisticated" statutes ever written, RICO was originally designed to aid the government in eradicating organized crime groups. In recent years the amount of RICO litigation has exploded as plaintiffs discovered the statute's treble damages provisions and potential reach...
Description
Citation
20 Creighton L. Rev. 1225 (1986-1987)
Publisher
Creighton University School of Law