Federal Judge Dismisses Key RICO Claims in EminiFX Investor Lawsuit

A federal judge in New York has dismissed significant RICO claims in the EminiFX investor lawsuit, effectively blocking the pursuit of at least $750 million in damages. According to NS3.AI, Judge Ronnie Abrams ruled that the racketeering claims could not advance due to their dependence on securities fraud allegations, which are prohibited under the Private Securities Litigation Reform Act. The plaintiffs have been granted 30 days to submit an amended complaint.