Texas Radio Host Can't Stop Insurance Deal In Fraud Case

Law360, Los Angeles (June 3, 2013, 9:48 PM EDT) -- A Texas federal judge approved a settlement Friday between four insurance company units and the receiver of a now-defunct capital management firm over the objections of Houston radio host Daniel Frishberg, whose company allegedly received $6.7 million in a fraudulent securities offering involving the firm.

The settlement covers the proceeds of a $1 million policy by American International Specialty Lines Insurance Co. and its subsidiaries involving claims by 14 investors against DFFS Capital Management Inc., which was run by Frishberg.

Frishberg objected to the settlement, believing...
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Case Information

Case Title

Taylor III v. Frishberg et al


Case Number

4:12-cv-01491

Court

Texas Southern

Nature of Suit

850(Securities/Commodities)

Judge

Judge Nancy F. Atlas

Date Filed

May 10, 2012

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