Contact Us

Federal Judge Tosses SEC Suit Against Texas Attorney General

Texas Attorney General Ken Paxton
Texas Attorney General’s Office Photo

PAUL J. WEBER, Associated Press

AUSTIN, Texas (AP) – A federal judge has dismissed the U.S. government’s securities fraud lawsuit against Texas Attorney General Ken Paxton, though the Republican still faces criminal charges of duping wealthy investors.

But the ruling by U.S. District Judge Amos Mazzant on Thursday is a significant victory for Paxton, who is scheduled to stand trial in May on felony securities fraud charges. He has pleaded not guilty.

If convicted, Paxton would face five to 99 years in prison.

The lawsuit filed by the U.S. Securities and Exchange Commission was nearly identical to the case brought by criminal prosecutors. Both allege Paxton misled investors in a high-tech Texas startup by not disclosing he was being paid by the company.

Mazzant ruled Thursday that Paxton had “no plausible legal duty” to disclose his arrangement.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sheriff's Office: Handcuffed Texas Man Stole Deputy's Car

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://ktemnews.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KTEM Intelligence Network quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KTEM Intelligence Network contests, events, coupons, presales, and much more delivered to you for FREE.