Issue: In Indiana What Constitutes a Failure to File a RICO Claim?
|Area of Law:||Criminal Law, Litigation & Procedure|
|Keywords:||RICO action; Statutory penalties; Statute of limitations|
|Cited Cases:||656 F.Supp. 950|
|Cited Statutes:||18 U.S.C. §1961; I.C. § 34-1-2-2|
Failing to bring a “RICO action” is based on 18 U.S.C. §1961.
Civil RICO claims brought in federal courts sitting in Indiana are now uniformly characterized as claims for statutory penalties and the two (2) year statute of limitations ‘for forfeiture of penalty given by statute’ is the most analogous state statute of limitations. I.C. § 34-1-2-2.
Ashland Oil, Inc. v. Arnett (U.S.D.C., N.D. Ind., 1987) 656 F.Supp. 950, 953.