BREAKING NEWS: Busby Dismissed As RICO Defendant; Bank Of America Asks Judge To Stay Lawsuit Until Forfeiture Matter Is Resolved
Three members of AdSurfDaily Inc. who sued Golden Panda Ad Builder President Clarence Busby amid allegations of racketeering have asked a federal judge to dismiss the allegations against Busby.
Meanwhile, Bank of America has asked the judge to stay the case until a federal forfeiture proceeding invoving AdSurfDaily and Golden Panda is adjudicated.
In essence, the bank is arguing that the forfeiture case provides a remedy for ASD members to gain refunds. The plaintiffs are expected to oppose the motion for a stay.
Bank of America was not named a RICO defendant in the racketeering lawsuit against Busby, AdSurfDaily President Andy Bowdoin and ASD attorney Robert Garner. Rather, the plaintiffs alleged the bank had aided and abetted Busby, Bowdoin and Garner in a fraudulent scheme.
The plaintiffs asked U.S. District Judge Rosemary Collyer to dismiss the complaint against Busby “with prejudice,” meaning they do not intend to bring it again.