New Jersey appeals court affirmed the dismissal of RICO claims against DNF clients, Daniel S. Loeb and Third Point, finding that New York law, which doesn’t allow private civil RICO claims, applied because the alleged wrongdoing was concentrated in New York State. DNF’s Tibor L. Nagy, Jr. is quoted in Law360 and argued the appeal for Third Point.
Click here to read article more in Law360*.
*Articles at some links may require a subscription.