NEW YORK--(BUSINESS WIRE)--In response to the ruling by the U.S. District Court for the Southern District of New York dismissing Otto Reich’s claims under the federal RICO statute and his claims of civil conspiracy, Shawn Rabin, an attorney for Francisco D’Agostino, said:
“We are very pleased that the court found that these claims lacked merit and properly dismissed them. Given that the litigation is in its early stages, Mr. Reich's last remaining claims involving Mr. D'Agostino – those of alleged defamation – have not yet been dismissed, but given that they also lack merit, we look forward to vigorously pursuing their dismissal, as well.”