The SEC has suspended the trading of securities of Addison-based Grupo Resilient International in an apparent concern over the accuracy of some of the company’s press releases. The federal agency states that it has “questions regarding the adequacy and accuracy of statements” Grupo officials made in a Sept. 7 press release regarding the company’s efforts to help disaster recovery efforts in South Texas related to Hurricane Harvey.
Three Texas businesses – two service stations and one motel owner – violated state consumer protection laws prohibiting price gouging during times of natural disaster, the state attorney general announced Tuesday. The state has received more than 3,000 complaints of price gouging since Hurricane Harvey devastated South Texas.
Texas Attorney General Ken Paxton and lawyers representing large and midsized businesses in the state are providing contradictory information about the impact of a new law governing the rights of people and businesses to legally challenge insurance companies decision in paying property owners in storm-related losses. Paxton says new law is no big deal and that the lawyers are deliberately misleading their clients.
Federal law enforcement authorities announced late Thursday that they have formed a task force with state and local officials in South Texas designed to tackle fraud schemes targeting victims of Hurricane Harvey. At the same time, SEC Regional Director Shamoil Shipchandler tells The Texas Lawbook that the federal agency is closely watching the impact that Hurricane Harvey and the subsequent flooding is having – and potentially could have – on the corporations and financial advisers that it regulates.
Tens of thousands of Texas homeowners and business owners who have suffered billions of dollars in property damages from Hurricane Harvey may soon discover that a new state law eliminates long-time legal incentives for insurance companies to pay victims quickly and fully for their losses.
The U.S. Securities and Exchange Commission Wednesday named Jessica Magee, a tough-mind prosecutor, to become the agency’s new associate director of enforcement in its Fort Worth Regional Office. The Texas Lawbook has the details.
David Woodcock’s Challenge To Put Bad Guys Out of Business & Repair His Office’s Reputation (FT. WORTH) — David Woodcock was a partner at a 750-lawyer firm where profits per