Defense of $14 million complaint under state and federal RICO claims

Real Estate Management Company

We defended a real estate management company in connection with litigation arising from a failed $41 million sale of a large apartment complex. The federal complaint alleged $14 million in damages and treble damages under state and federal RICO claims. In spite of the fact that a former employee falsified rent records, we were able to defeat the RICO claims by dispositive motions and substantially undermined the plaintiffs' remaining damage claims. The case settled shortly before trial on a favorable basis.