In recent years, plaintiffs have demonstrated an increasing resourcefulness in initiating lawsuits against businesses, with a noteworthy trend toward the utilization of the Racketeer Influenced and Corrupt Organizations Act (RICO). This theme finds manifestation in the rise of multiple “MSP” plaintiffs – MSP Recovery, MSPA Claims, MSP Series, MSP-MAO, among others. Distinctly intriguing is the reported affiliation of these MSP entities with the same law firm. This information was documented and published by the well-regarded legal news and media outlet, JD Supra.
Taking this development into consideration, a crucial quandary arises in the legal landscape- specifically, regarding the legitimacy of RICO claim assignment. The question of whether RICO claims are assignable becomes increasingly salient as MSP plaintiffs intensify their legal actions.
The notion of RICO claim assignment is not without its fair share of controversy and legal ambiguity. Legal professionals worldwide, particularly those engaged within the realms of some of the world’s biggest corporations and law firms, will do well to keep a keen eye on this unfolding issue as the relevant law and jurisprudence evolve.