But the argument was good enough to convince the Court to allow Rohlf to amend his counter-petition to specify with more particularity the self-dealing by Mellon BNY, so presumably we will hear more of this case in the coming months.

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To make a RICO case stick, however, the plaintiffs must establish a series of acts by management to perpetuate an offense and state those facts with enough particularity to survive a so-called Iqbal challenge, named after a 2009 Supreme Court case that heightened the standards for civil lawsuit claims.

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