DISCLAIMER: Any unofficial case summaries below are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
032283P.pdf 10/14/2004 Regions Bank v. J.R. Oil Co.
U.S. Court of Appeals Case No: 03-2283
Eastern District of Arkansas
Civil case - RICO. Bank lacked standing to raise RICO claims because
it suffered no injury in fact to a tangible interest by reason of a RICO
violation; even if the bank had standing, the district court did not err in
granting defendants' motion for summary judgment on RICO claims
related to alleged fraud in the procurement of a loan and the subsequent
transfer and use of the collateral for the loan before and during a
bankruptcy, culminating in a bankruptcy sale, as plaintiff neither raised
the issue of fraud during the bankruptcy nor timely moved to set aside the
sale, and the current RICO claims amount to an impermissible collateral
attack on the bankruptcy court's final judgment.
[PUBLISHED] [Melloy, Author, with Riley, Circuit Judge, and
Erickson, District Judge]