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3rd Circ. Says RICO Claims Must Cover More Than 9 Months

Law360 (June 15, 2018, 8:52 PM EDT) -- Two real-estate insurance companies escaped accusations of fraud from two former customers when the Third Circuit ruled Thursday that the alleged activity did not occur long enough to establish a pattern of racketeering.

Joseph and Gabriella Germinaro had sued Fidelity National Title Insurance Co. and Commonwealth Land Title Insurance Co. in February 2014, saying the companies should be held liable for purportedly being connected to a Ponzi scheme under which funds from new investors were typically used to look like higher returns in payments to older...
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