Legal Document

473 U.S. 606 105 S.Ct. 3291 87 L.Ed.2d 437 AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO, et al., Petitionersv.HAROCO, INC. al. No. 84-822. July 1, 1985. PER CURIAM. 1 This is a private civil action brought under the Racketeer Influenced and Corrupt Organizations Act (RICO), Pub.L. 91-452, Title IX, 84 Stat. 941, as amended, 18 U.S.C. §§ 1961-1968. Respondents' complaint alleged that petitioner bank several of its officers had fraudulently charged excessive interest rates on loans. The gist claim was lied with regard to prime rate respondents, which pegged prime, therefore too high. this scheme defraud, carried through mails, violated § 1962(c), in mailings constituted pattern racketeering activity by means petitioners conducted, or participated conduct of, bank. only injuries were charges themselves. 2 District Court dismissed ground did not state claim. 577 F.Supp. 111 (ND Ill.1983). In view, "to be cognizable RICO [the injury] must caused violation simply commission predicate offenses, such acts mail fraud." Id., at 114. Appeals for Seventh Circuit reversed relevant part, 747 F.2d 384 (1984), rejecting various formulations requirement distinct injury. We granted certiorari, 469 1157, 902, 83 917 consider question whether 1964(c) requires plaintiff have suffered damages reason defendant's 1962 prescribed injury from those offenses alone sufficient.* 3 their brief, oral argument, argued primarily respondents' does adequately allege 1962(c). particular, they assert respondents shown enterprise "conducted" activity. Petitioners do appear made precise argument below, it addressed Appeals, quite clearly included presented petition certiorari. Although we authority waive it, Court's Rule 21.1(a) provides set forth certiorari fairly therein will considered, petitioners' late-blooming failed 4 To extent variation concept issue Sedima, S.P.R.L. v. Imrex Co., 479, 3275, 346, inconsistent decision. submission flow themselves but fact performed part an suffers same defects amorphous unfounded restrictions rejected case. 5 With presented, view decision court below consistent today's opinion accordingly 6 Affirmed. 7 [For dissenting Justice MARSHALL, see 3292.] * was: "Whether treble And ('RICO') suffer defendant acquiring, maintaining control in, conducting affairs 'enterprise' statutorily opposed being damaged solely offenses." Pet. Cert. i.

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