Racketeering and RICO
When we hear the term “racketeering,” we think of mob bosses and other criminal underworld figures. In fact, many racketeering actions involve companies with recognizable names and products we see every day.
The Racketeer Influenced & Corrupt Organizations Act (RICO) is a set of laws that designates dozens of crimes such as wire fraud and extortion as forms of “racketeering activity.” In addition to criminal penalties, RICO violations provide for fines, triple damages, attorneys’ fees, and injunctive remedies.
Why You Need a RICO Attorney
RICO is one of the most complex collections of federal laws, and RICO actions usually involve very complicated legal issues. The defendants in these cases retain counsel to ensure they face as few consequences as possible, which is why the individuals and businesses that bring RICO claims need to hire tough, aggressive, experienced attorneys to fight on their behalf. They hire Sommers Schwartz.
Our attorneys have a track record of successful outcomes in RICO matters, including:
- A $142 million RICO verdict against Pfizer Inc. and Warner-Lambert Co., LLC for the off-label marketing of a popular epilepsy drug.
- Torres v. Stream Gas & Electric, Ltd., Case No. 09-cv-2056 (S.D. Tex.), RICO case challenging $100 million illegal pyramid scheme.
If you believe that you have been the victim of racketeering activity, you need to take action.
Contact a Sommers Schwartz attorney today to confidentially discuss your case and learn how we can help.