Supreme Court Holds That a RICO Claim Predicated on Mail Fraud Does Not Require a Showing of First-Party Reliance
Date: 06/13/08
On June 9, 2008, the Supreme Court issued a unanimous decision in Bridge v. Phoenix Bond & Indemnity Co.1 Resolving a split among the lower courts, the Court held that a plaintiff bringing a RICO claim predicated on mail fraud need not plead or prove that it relied on the defendant's alleged misrepresentations.Supreme Court Holds That a RICO Claim Predicated on Mail Fraud Does Not Require a Showing of First-Party Reliance (pdf | 58.38 K)