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25 Mar 2008, 1:09 pm
McDorman, No. 05-41347 In a suit brought by former directors of a bank alleging violations of the Racketeer Influenced and Corrupt Organizations Act (RICO) and state-law claims, a take nothing judgment against defendants is affirmed, primarily as: 1) defendants properly raised the in pari delicto defense; 2) contrary to directors' claim, in pari delicto is a cognizable defense to a civil RICO claim; 3) the district court properly followed the Bateman Eichler formulation of in pari delicto, the… [read post]