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Paul Porvaznik – Business Litigator

Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)

Tag Archives: racketeering

Commercial Borrowers’ Civil RICO Suit For Inflated Appraisals and Loans Bounced by IL Fed Court

  Delaware Motel Associates v. Capital Crossing Servicing Company, LLC, 2017 WL 4224618 examines the pleading requisites for civil RICO claims and the razor-thin difference between unjust enrichment and quantum meruit claims in a hotel development loan dispute. The plaintiff real estate investors sued a lender and its appraisal firm for civil RICO violations.  The …

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Posted byPaulPNovember 1, 2017November 9, 2017Posted inBusiness Torts, Real estate litigationTags: enterprise, fraud, hotel, loan dispute, racketeering, Rico, tortious interference111 Comments on Commercial Borrowers’ Civil RICO Suit For Inflated Appraisals and Loans Bounced by IL Fed Court
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