Texas Justices Won't Review Thompson & Knight Fraud Suit

Law360, New York (November 22, 2013, 3:03 PM EST) -- The Supreme Court of Texas has declined to revive a $2.5 million suit against Thompson & Knight LLP that alleged the firm helped a defunct home theater business transfer assets to a new venture and cut shareholders out of their investment in the company, according to a Friday filing.

The Texas high court offered no comment in its denial of the petition to review the suit filed by a pair of ClearMediaOne Inc. investors who claim that company founder Robert Strange "masterminded" a fraud on shareholders...
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