Law360, New York (October 05, 2009) -- A federal appeals court has upheld the dismissal of a lawsuit brought by a group of hedge funds that alleged that Wachovia Corp. knew about and worsened the fraud at bankrupt beverage maker Le-Nature's Inc., saying the Racketeer Influenced and Corrupt Organization Act claims are not ripe.
In an order Friday a three-judge panel of the U.S. Court of Appeals for the Second Circuit agreed with a lower court's decision to dismiss the suit against the bank...
