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NY Law Sinks RICO Claims In Appeal In Hedge Fund Suit

By Jeannie O'Sullivan ( April 27, 2017, 7:41 PM EDT) -- A New Jersey appeals court on Thursday affirmed the dismissal of Racketeer Influenced and Corrupt Organizations claims in a lawsuit alleging a network of investment professionals forced an insurer's financial ruin, finding that New York law, which doesn't allow private civil RICO claims, applied because the alleged wrongdoing was concentrated in the Empire State....

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