Effects on business of civil applications of RICO Act. Background, threats to use (Drexel), uses (Proctor & Gamble vs. Bankers Trust, Death Row Records vs. Time Warner).
The purpose of this research is to review the effects on business of civil actions instituted under the provisions of the Racketeer Influenced and Corrupt Organizations (RICO) Act. RICO was enacted in 1970 as a part of the Organized Crime Control Act of 1970 (Milich 387). The express purpose of RICO, as clearly stated in the legislation is ?to seek the eradication of organized crime in the United States by strengthening the legal tools in the evidence-gathering process, by establishing new penal prohibitions, and by providing enhanced sanctions and new remedies to deal with the unlawful activities of those engaged in organized…