Texas AG Can't Dodge Securities Fraud Charges, Judge Rules

By Kurt Orzeck (December 11, 2015, 11:13 PM EST) -- A Texas state judge on Friday refused to toss a grand jury's felony indictments accusing Texas Attorney General Ken Paxton of breaking state securities laws by misleading investors and failing to register as an investment adviser.

Tarrant County District Judge George Gallagher issued a series of one-page orders that denied Paxton's four applications for a writ of habeas corpus and six motions to quash the indictment, shooting down the attorney general's various arguments against the three felony securities fraud charges.

The attorney general on Thursday filed a brief arguing he had exposed flaws in the indictment process that "reveal questionable actions and...

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