Upton v. Burnham

How courts have described this case

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

• rejecting that argument where the money invested was obtained by “engaging in conduct that could be prosecuted as securities fraud”
• “Acts that merely furthered, facilitated, permitted, or concealed an injury which happened or could have happened independently of the act do not directly cause that [RICO] injury, and thus do not proximately cause it.”
• “The Second Circuit has recently held that this [PSLRA bar] language bars civil RICO claims, including claims for wire and mail fraud, ‘alleging predicate acts of securities fraud, even where a plaintiff cannot itself pursue a securities fraud action against the defendant.””
• where the defendants attracted investors into a Ponzi scheme

Source: CourtListener parenthetical corpus (CC0).