If you have a business in Georgia, you have likely been sued or eventually will be sued. If you receive a complaint that alleges that you violated racketeer influenced and corrupt organizations (RICO) laws, it may be easy to say… that is completely ridiculous! Indeed, it may well be. However, even if you fervently believe the plaintiff’s arguments are unserious, this lawsuit is something that you should treat with the utmost seriousness. That starts with getting in touch with an experienced Georgia civil RICO lawyer.
There are a couple of very big reasons why you should be extremely proactive after you’ve been sued in a RICO case, even if the claim seems blatantly inadequate. First, any claim existing against your business is something that can cost you money, so the sooner it is dispatched, the better for your business. Secondly, if you can demonstrate the depth of the claim’s facial insufficiency to the court, you may have open an opportunity to recover compensation of your own through an award of sanctions.
As to how that’s done, a recent RICO case from here in North Georgia makes for a good illustration. The plaintiff, R.W., was a Georgia real estate developer. In 2010, his bank approached him about restructuring some of his commercial loans. The developer agreed to the plan, which called for him to pledge his and his mother’s homes as collateral. Eight months later, the bank foreclosed on both homes.