[Download] "Sk Hand Tool Corp. v. Dresser Industries Inc." by United States Court of Appeals for the Seventh Circuit * eBook PDF Kindle ePub Free

eBook details

Title: Sk Hand Tool Corp. v. Dresser Industries Inc.
Author : United States Court of Appeals for the Seventh Circuit
Release Date : January 18, 1988
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 74 KB

Description

Plaintiffs, Corcoran Partners and its subsidiary, SK Hand Tool Corporation ("Corcoran"), appeal the dismissal of Count IV of their third amended complaint. Count IV alleges that Dresser Industries ("Dresser") violated the Racketeer Influenced and Corrupt Organizations Act ("RICO"), 18 U.S.C. Â§Â§ 1961-1968, in committing various acts of mail and wire fraud in furtherance of a scheme to overstate the value of its hand tool division. The district court dismissed this count pursuant to Fed. R. Civ. P. 12(b)(6) for failure to state a claim because Corcoran had failed to allege that Dresser had requisite to RICO liability. Corcoran also appeals the district courts award of costs to Dresser. Dresser, in turn, asks us to impose sanctions on Corcoran for undertaking allegedly frivolous appeals. We affirm and deny sanctions on appeal.