Business tort laws are set in place to protect your business and your personal investment from being upended by a raw deal or an underhanded party. Here at Kaufman & Forman, P.C., we understand that you may sometimes need a little extra boost when it comes to protecting your assets.
This is where business tort laws come in. There are many different cases involving these laws. For example, if you are facing defamation or accusations of professional misconduct, you can prove yourself in court under a business tort law and save your bottom line. RICO violations are another big item that get taken to court frequently.
What is the RICO Act? According to the United States Department of Justice, it stands for the Racketeer Influenced and Corrupt Organizations Act, which was originally passed in order to combat organized crime. However, this can also include motorcycle gangs or corrupt police department these days. Rather than punishing one person for an isolated crime, the RICO Act is meant to target organizations or groups that have a long history of corruption.
Therefore, a RICO violation is one in which you or your company has been accused of partaking in long-term criminal activities or wrongdoings. Obviously this can impact not only your reputation as a company, but it can also affect your credibility and thus the revenue you make.
Dealing with accusations against you or your business can be a handful, so you should know as much about the legal intricacies as possible. To read up more on business torts or RICO violations, please visit our web page, where we can provide you with fuller information and guidance.