ARTICLE
27 December 2017

Second Circuit Clarifies Civil RICO Domestic Injury Requirement Following Supreme Court's RJR Nabisco Decision

CG
Cleary Gottlieb Steen & Hamilton LLP

Contributor

Cleary Gottlieb Steen & Hamilton LLP logo
Cleary Gottlieb’s 1,300 lawyers from more than 50 countries work across practices, industries, jurisdictions, and continents to provide clients with simple, actionable approaches to their most complex legal and business challenges. Global corporations, financial institutions, sovereign governments, local businesses, and individuals come to us for consistently practical and forward-looking advice.
On October 30, 2017, in a matter of first impression in any Court of Appeals, the Second Circuit held in Bascuñán v. Elsaca that plaintiffs who allege injuries to tangible property located within the United States can satisfy the domestic injury requirement for claims brought under Section 1964(c) of the Racketeer Influenced and Corrupt Organizations Act ("RICO").
United States Litigation, Mediation & Arbitration
To print this article, all you need is to be registered or login on Mondaq.com.

On October 30, 2017, in a matter of first impression in any Court of Appeals, the Second Circuit held in Bascuñán v. Elsaca that plaintiffs who allege injuries to tangible property located within the United States can satisfy the domestic injury requirement for claims brought under Section 1964(c) of the Racketeer Influenced and Corrupt Organizations Act ("RICO").

The decision was the first time that a Court of Appeals identified what constitutes a "domestic injury" after the Supreme Court's June 20, 2016 decision in RJR Nabisco, Inc. v. European Community, which held that "Section 1964(c) requires a civil RICO plaintiff to allege and prove a domestic injury to business or property and does not allow recovery for foreign injuries." The Second Circuit's decision brings more clarity to the domesticity standards that plaintiffs must meet in order to assert a RICO claim against individuals or corporations, although certain questions still remain open.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More