RICO Claim Dismissed in EquityComp Dispute; Unfair-Competition Case Allowed to Proceed

A federal judge in California said employers can pursue an unfair-competition claim against Applied Underwriters for failure to file certain policy documents with state regulators, but there is no evidence the company fraudulently deceived prospective customers about its EquityComp program to support a racketeering case. U.S. District Court Judge William B. Shubb in an Oct. 17 order dismissed claims brought against Applied Underwriters under the civil Racketeer Influenced and Corrupt Organizations Act. However, the judge ruled that Applied Underwriters' failure to&...