Krasny v. Bagga (In Re Jamuna Real Estate, LLC)

Opinion

STEPHEN RASLAVICH, Chief Judge. Introduction

Before the Court is the Defendants’ Motion for Partial Summary Judgment. The Motion is opposed by the Plaintiffs. A hearing on the motion was held on October 29, 2011. After the hearing, the Court took the matter under advisement.

Summary of Holding

The Defendants’ motion for partial summary judgment will be denied in part and granted in part:

Count I — RICO (Plaintiffs against Prat-pal Bagga)

• Basis for Request: Mr. Bagga maintains that the underlying transaction involved a sale of securities and is, therefore, exempt from RICO.

• Holding: The…