YEGIAZARYAN V. SMAGIN
The Court held that racketeering activity to avoid paying a U.S. judgment confirming a foreign arbitration award against a U.S. resident constituted a domestic injury for purposes of RICO's private right of action, even though the judgment creditor lives in Russia and both parties are Russian nationals. The Court declined to state a bright-line rule for locating injuries to intangible property, instead emphasizing the need for a "contextual approach."
The Supreme Court denied cert this morning in Elbaz v. United States, a case involving the extraterritorial reach of the federal wire fraud statute. The order lets stand a decision of the Fourth Circuit holding that the wire fraud statute could be applied to a scheme to defraud investors centered in Israel based on two…Continue Reading
On August 11, 2023, the Ninth Circuit became the first lower court to apply the new test for “domestic injury” under RICO that the Supreme Court announced in Yegiazaryan v. Smagin (2023). In Global Master International Group, Inc. v. Esmond Natural, Inc., the Ninth Circuit held that a Chinese company stated a valid civil RICO…Continue Reading
During its 2022 Term, which ended four weeks ago, the Supreme Court decided five cases with important implications for transnational litigation. The questions included whether the Foreign Sovereign Immunities Act (FSIA) applies to criminal proceedings; the standard for aiding and abetting under the Anti-Terrorism Act (ATA); whether states may exercise general personal jurisdiction over foreign…Continue Reading