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Securities and Exchange Commission v. Mapp, III et al

  1. July 25, 2018

    Ex-Servergy CEO Dodges Injunction, Disgorgement From SEC

    A Texas federal judge on Wednesday rejected the Securities and Exchange Commission's bid for an injunction against the former CEO of Servergy Inc. after he'd been found guilty of negligence in marketing a new server produced by the company, saying he is not likely to repeat the same offense.

  2. December 14, 2017

    Texas Jury Partly Clears Ex-Servergy CEO At SEC Trial

    The U.S. Securities and Exchange Commission scored a narrow trial victory this week when a Texas federal jury found a former technology executive liable for a single count of negligence but cleared him of several more serious claims lodged by the Wall Street regulator over the alleged way he promoted investments in his company, Servergy Inc.

  3. November 13, 2017

    Green Tech Exec Must Face SEC Suit, Judge Says

    A former technology company executive will have to answer to claims he defrauded investors after a Texas federal court on Thursday let stand a trimmed-down U.S. Securities and Exchange Commission suit accusing him of orchestrating a scheme to misrepresent the capabilities of a new server.

  4. November 08, 2017

    SEC Must Take Fraud Case Against Green Tech Exec To Trial

    The U.S. Securities and Exchange Commission will have to go to trial on allegations that former Servergy Inc. CEO Bill Mapp misled investors after a Texas federal judge on Wednesday denied competing bids to end the fraud lawsuit.

  5. October 02, 2017

    SEC, Ex-Green Tech CEO Trade Bids To End Stock Fraud Suit

    The U.S. Securities and Exchange Commission on Friday asked a Texas federal judge to deliver an early win against former Servergy Inc. CEO Bill Mapp by finding him liable for misleading investors, while Mapp told the court he didn't obtain money as a result of the alleged fraud.

  6. March 06, 2017

    Texas AG's Win Over SEC Raises Doubts About Criminal Case​

    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.

  7. March 02, 2017

    Texas AG Beats SEC Fraud Claims

    A Texas federal judge on Thursday dismissed civil securities fraud charges against Texas Attorney General Ken Paxton for the second time, finding Paxton didn't owe a fiduciary duty to a group of investors to whom he had promoted stock without disclosing he would be paid a commission.

  8. February 13, 2017

    Paxton SEC Suit Doc Request Too Broad, Investor Group Says

    Members of an investment group involving Texas Attorney General Ken Paxton shot back Monday at his bid in a fraud lawsuit by the U.S. Securities and Exchange Commission to compel a number of documents related to their investments, saying the request is overbroad and would take too long to complete.

  9. February 02, 2017

    Texas AG Wants Group's Investment Docs To Fight Fraud Suit

    Beleaguered Texas Attorney General Ken Paxton has urged a federal court to force his fellow investor group members, including a state representative, to produce documents related to their transactions, saying the material is crucial to his defense against allegations he wrongly hid commissions for getting them to invest in a technology company.

  10. November 07, 2016

    Texas AG Says SEC Hasn't Fixed Flaws In Fraud Suit

    Texas Attorney General Ken Paxton on Friday ripped the U.S. Securities and Exchange Commission's second round of claims that he violated securities laws by failing to tell technology company investors that he was getting commissions for recruiting them, saying the amended case remains flawed because he had no duty to disclose.