Rennell v. Rowe

Dist. Ct. did not err in granting defendant's motion for summary judgment in RICO action alleging that defendant's use of heavy-handed tactics to force plaintiff to accept buy-out of his interest in joint venture at greatly below market value price amounted to extortion. Record showed that defendant had right to terminate joint venture upon payment of fees and costs, and plaintiff's claim that defendant's offer was too low did not amount to extortion where plaintiff was free to reject offer and sue for breach of contract.