Whether the PSLRA bars a civil RICO claim based on conduct actionable as securities fraud by another potential plaintiff even if the particular RICO plaintiff could not bring a securities-fraud claim

In the Private Securities Litigation Reform Act (PSLRA), Congress barred plaintiffs from bringing claims under the Racketeer Influenced and Corrupt Organizations Act (RICO) based on conduct already covered by the federal securities laws . In particular, the PSLRA provides that “no person may rely upon any conduct that would have been actionable as fraud in the purchase or sale of securities ” to establish a RICO violation. 18 U.S.C . § 1964(c). The question presented is whether the PSLRA bars a civil RICO claim based on conduct that is actionable as securities fraud by another potential plaintiff , even if the particular RICO plaintiff could not bring a securities -fraud claim . (II)