Legal Opinion
Schlaifer Nance & Company v. The Estate of Andy Warhol, Frederick Hughes, Edward W. Hayes, Esq., and Vincent Fremont
Court of Appeals for the Second Circuit
Decided July 10, 1997No. 811, Docket 96-7740PublishedCited by 246 opinions
1Opinion of the Court
McLAUGHLIN, Circuit Judge:
BACKGROUND
Schlaifer Nance & Co., Inc. (“SNC”) is a licensing company that arranges to market famous names or images. SNC sought a licensing agreement with Andy Warhol, the icon of 1960’s and 70’s pop culture, but Warhol died before they could sign an agreement. Eventually, Warhol’s Estate negotiated and signed a broad-based licensing agreement with SNC.
Not long after, SNC sued the Estate in the Southern District of New York for fraud and civil violations of the Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. §§ 1961, 1962, claiming that many of the…
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