Saldutti Law, Customers Bank Accused Of Sham RICO Suit

Law360, Philadelphia (January 10, 2017, 6:02 PM EST) -- Customers Bank and Saldutti Law Group were slapped with a $100 million lawsuit in Pennsylvania state court on Monday alleging that they concocted sham racketeering claims against a developer after discovering the bank had accepted phony collateral in exchange for a $9 million loan.

Lifestyle Healthcare Group Inc., which was pursuing development of a $130 million medical campus in suburban Philadelphia when it tapped Customers Bank for the $9 million in pre-construction financing in April 2013, said in its complaint that the lender and its legal...
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