Texas AG's Win Over SEC Raises Doubts About Criminal Case
Law360, Dallas (March 6, 2017, 9:02 PM EST) -- The toss of a civil securities fraud suit against Texas Attorney General Ken Paxton could signal trouble for prosecutors pursuing related criminal charges, who face a higher burden to prove that Paxton should have disclosed potential commissions to investors and may lack the evidence to clear that hurdle, experts say.
Dismissing the U.S. Securities and Exchange Commission’s fraud claims against Paxton with prejudice, U.S. District Judge Amos Mazzant III found Thursday that Paxton didn’t owe a fiduciary duty to a group of investors to whom he had promoted stock, and thus wasn’t required to disclose he would be paid a commission....
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!