Mich. Judge Dismisses Biz's 'Pump-And-Dump' RICO Suit

By Katryna Perera

A Michigan federal judge on Monday tossed what he called a confusing "power struggle" of a lawsuit from a company accusing its former leaders of conspiring to install a CEO and leading a pump-and-dump scheme, finding that the company was essentially improperly seeking review of a prior state court judgment that it lost.

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