High Court Restriction on Reach of U.S. Laws Is Applied to RICO
The recently rejuvenated presumption against the extraterritorial reach of U.S. laws applies to civil racketeering cases, a federal judge has ruled. Applying the logic of the U.S. Supreme Court’s June decision limiting the reach of securities actions, Southern District of New York Judge Jed S. Rakoff dismissed a civil RICO action alleging that individuals and entities affiliated with the Venezuelan government unjustly imprisoned a Venezuelan citizen and damaged his business.
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