United States Fourth Circuit

Plaintiffs failed to prove a "pattern of racketeering activity" under RICO 18 UC 1962(c) and (d) where defendant's intention to hold an initial public offering of stock would have been a continuation of a single fraud scheme.

Appellate Information

• Argued 03/01/2001
• Decided 04/18/2001
• Published 04/18/2001

Judges

• Before WIDENER and MICHAEL, Circuit Judges, and CYNTHIA HOLCOMB HALL, Senior Circuit Judge of the United States Court of Appeals for the Ninth Circuit, sitting by designation.

Court

• United States Fourth Circuit

Counsel

• For Appellees:
  
• ARGUED:  Seth C. Farber, Dewey Ballantine, L.L.P., New York, NY, for Appellants. Eric Phillip Stevens, Poyner & Spruill, L.L.P., Raleigh, NC, for Appellees. ON BRIEF:  Pressly M. Millen, Sean E. Andrussier, Womble, Carlyle, Sandridge & Rice, P.L.L.C., Raleigh, NC, for Appellants.  David Dreifus, Jeffrey B. Welty, Poyner & Spruill, L.L.P., Andrew O. Whiteman, Hartzell & Whiteman, L.L.P., Catharine B. Arrowood, R. Bruce Thompson, II, Parker, Poe, Adams & Bernstein, L.L.P., Raleigh, NC, for Appellees.