2nd Circuit Finds Securities Fraud Bar Defeats RICO Claims

( November 6, 2026, 8:54 AM EST) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel affirmed dismissal of an entrepreneur’s civil Racketeer Influenced and Corrupt Organizations Act (RICO) claims against his securities broker, holding that the alleged conduct would have been actionable as securities fraud and therefore was barred from serving as the basis for civil RICO claims under the Private Securities Litigation Reform Act of 1995 (PSLRA)....