In Bridge v. Phoenix Bond & Indemnity, the Supreme Court held that there was no cause of action by a private company involved in bidding in a government auction. Only the government that suffered a loss has a cause of action under RICO.

Question

Quizplus · Accepted Answer

In Bridge v. Phoenix Bond & Indemnity Co., the Supreme Court held that a plaintiff in a RICO (Racketeer Influenced and Corrupt Organizations Act) case does not need to show that it relied directly on the defendant's misrepresentations to establish a cause of action. This means that private parties can indeed have a cause of action under RICO, even if the direct harm was to another party, such as the government in a bidding process.

In Bridge V