Jury Deadlocks In Fraud Suit Against Defunct Builder's CEO

Law360, Houston (March 19, 2014, 10:19 PM EDT) -- A Texas federal jury on Tuesday was unable to come to a decision in a Chapter 7 trustee’s suit against the former head of a defunct homebuilder who allegedly bilked the company out of tens of millions of dollars before it spiraled into bankruptcy.

At the conclusion of about two and a half days of deliberations, the jury notified U.S. District Judge Lee H. Rosenthal that it was unable to reach a consensus on allegations that former Royce Homes LP CEO John H. Speer executed a $33 million off-the-books leveraged buyout that left the company dangerously short on cash and then...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!