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...
To view the full article, register now.




Case Information

Case Title

Taylor III v. Frishberg et al

Case Number



Texas Southern

Nature of Suit



Judge Nancy F. Atlas

Date Filed

May 10, 2012

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.