Longview's RICO Suit Survives Against Castle Arch

Law360, New York (April 11, 2011, 8:07 PM EDT) -- A New York state judge ruled Thursday that Longview Financial Group Inc. can proceed with most of its claims against Castle Arch Real Estate Investment Co. LLC, which it says engaged in racketeering and breached contracts in securities dealings that destroyed the firm.

Judge Shirley Werner Kornreich of the Supreme Court of the State of New York, New York County, found that Longview could pursue its civil allegations that Castle Arch, its executives and board members, and a dozen subsidiaries and affiliates violated the Racketeer Influenced...
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