Texas Court Upholds $48M Judgment In Real Estate Fraud

Law360, Los Angeles (August 14, 2013, 6:24 PM EDT) -- A Texas appeals court on Monday upheld a $48 million judgment against a once-prominent Dallas real estate developer, saying there was ample evidence presented at trial to show his conduct resulted in losses for his partners on several projects.

A three-judge panel for Texas' Fifth District agreed with the trial court that developer W. Eric Brauss could be held liable for $48 million in damages suffered by several entities owned by Germany's Nixdorf family.

"[W]e conclude there is more than a scintilla of evidence to support the trial court's implied finding of fraud against Brauss," the...
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