In Re Citisource, Inc. Securities Litigation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• certain degree of involvement in the affairs of a fraudulent issue might warrant an inference that status as issuer's counsel in itself inferred recklessness
• while a municipal corporation can be a “person” under the RICO statute, it is incapable of the criminal intent necessary to support the predicate offenses
• “criminal intent of its agents will not be imputed to a municipal corporation, as it would be to an ordinary corporation.”
• “The term ‘person’ . . . is literally broad enough to include municipal [entities].”

Source: CourtListener parenthetical corpus (CC0).