In an opinion today, Judge Koeltl partly dismissed a RICO case accusing a home action company called Concierge of deceiving customers about its “auction results, sales statistics, and track records,” and engaging in “other fraudulent conduct such as using shill bidders, allowing bids from unregistered bidders, and adding a reserve at the last minute.” Judge Koeltl found that Conceirge’s competitor, Grand Estates, lacked standing to bring RICO claims arising from fraud that harmed it only indirectly:…
Continue Reading Judge Koeltl Finds No RICO Standing For Claim That Competitor Gained Unfair Advantage by Defrauding Customers