[DOWNLOAD] "Ruiz v. Alegria" by United States Court of Appeals for the First Circuit * Book PDF Kindle ePub Free

eBook details

Title: Ruiz v. Alegria
Author : United States Court of Appeals for the First Circuit
Release Date : January 23, 1990
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 55 KB

Description

BOWNES, Circuit Judge. The four stockholders of Plaza de Diego Shopping Center, Inc. (""Plaza"") brought this action against various financial institutions and others following the collapse of an arrangement to finance the shopping center's expansion. Alleging that the defendants' fraudulent conduct resulted in the demise of the construction project and Plaza's ultimate bankruptcy, they sought treble damages under both the Racketeer Influenced and Corrupt Organizations Act (""RICO""), 18 U.S.C. Â§ 1964(c), and the Bank Holding Company Act, 12 U.S.C. Â§ 1975, as well as further damages under a variety of pendent claims predicated upon Commonwealth law. Some three months after the filing of the complaint, the district court dismissed it with prejudice under Fed.R.Civ.P. 41(b) because of plaintiffs' lack of prosecution and disregard of a court order. The plaintiffs now appeal, arguing that such a drastic sanction was unwarranted under the circumstances. Except as to the disposition of the pendent claims, we find no abuse of discretion and therefore affirm.