February 01, 2018
Investors in two United Development Funding real estate investment trusts who sued them for fraud in Texas federal court urged a judge on Wednesday to keep the case alive, even as they are reportedly closing in on a mega-settlement that would solve the REITs' purported problems.
April 04, 2017
A group of real estate funds pushed a Texas federal court Monday to toss a proposed class action alleging they operated a multimillion-dollar "Ponzi-like" scheme to prop up failing funds, saying investors should have known that their money could be transferred to the funds' affiliates.