Star Receiver Settles Fraud Suit Against Broker

Law360, New York (March 1, 2010, 3:20 PM EST) -- A federal judge has finalized a $5,000 settlement deal between the receiver for defunct oil and gas company Star Exploration Inc. and broker Gary Martin Jr., who allegedly offered investors unregistered shares in Star and related entities.

Judge Reed O'Connor of the U.S. District Court for the Northern District of Texas approved the dismissal of Receiver Kelly M. Crawford's claim against Martin on Friday, after Crawford indicated that Martin had met his obligations under a settlement.

Crawford accused Martin and 15 other brokers of taking nearly...
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