Ex-Rangers Owner, JPMorgan Call Truce In Creditor Dispute

Law360, Dallas (January 14, 2013, 7:55 PM EST) -- Following a settlement agreement, a Texas federal judge on Friday agreed to dismiss JPMorgan Chase Bank NA's claims that the ex-owner of the formerly bankrupt Texas Rangers tried to dodge a $35.4 million debt to the bank through fraudulent transfers within his company.

U.S. District Judge John McBryde dismissed the claims following a joint request from the bank and Tom Hicks, who last week settled two other suits over business dealings with the Rangers and U.K. soccer team Liverpool FC. According to the motion to dismiss,...
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