Triad Energy Corp. v. McNell

MEMORANDUM OPINION AND ORDER

KRAM, District Judge.

Plaintiffs (“Triad”) commenced the underlying suit for breach of various common law duties and violations of both the Racketeer Influenced and Corrupt Organizations Act of 1970, 18 U.S.C. §§ 1961 et seq. and the Securities and Exchange Act of 1934, 15 U.S.C. §§ 78a et seq. Triad sued Lauren, Victor and Ragan McNeil (“defendants”) for allegedly aiding their father, co-defendant Thomas McNeil, in converting Triad’s assets. On May 7, 1982, Judge Lee P. Gagliardi entered a default judgment for approximately $9,000,000 against all three children. On…