The Texas Lawbook

Free Speech, Due Process and Trial by Jury

White-Collar/Regulatory

Pursley Trial Outtakes: A Court on the Clock; Brio de Janeiro; Closing Arguments

It’s not every trial that features a lawyer involved in a multi-million dollar tax fraud, a mysterious Brazilian who claims NOT to have owned a company whose millions were available to him and a juror who shoots the bird in the courtroom just before deliberations begin. Such was the tax fraud trial of Jack Stephen Pursley, however, and Natalie Posgate was there for all of it. We asked her to empty her notebook, and here’s what she gave us.

Cryptocurrencies, Vulnerable Investors Are Hot Topics for Securities Regulators

AUSTIN – State securities regulation has always been something of a whack-a-mole endeavor, but today’s moles have gotten quite clever. As older Texans become more comfortable with smartphones and online interactions, scammers use websites like Craigslist and Facebook to troll for victims, Joseph Rotunda, director of enforcement for the Texas State Securities Board, told The Texas Lawbook in an exclusive interview.

Ruff Family Seeks Criminal Inquiry against Lawyer, Bank over Millions in Trust Fund

A Texas judge has initiated a “court of inquiry” to handle allegations of criminal misconduct made by the children of deceased Dallas banker Arthur Ruff against Texas lawyers and bankers involved in their family’s multimillion-dollar trust. The judicial led probe comes as Ruff’s widow seeks to enforce a $66 million judgment against her own son. The web of lawsuits shows just how nasty family disputes over cash and control can get.

SAExploration Fires GC, Dismisses CEO Amid SEC Probe

The SEC is investigating Houston-based SAExploration Holdings for allegedly providing “material misstatements” and misleading financial information to investors and the federal agency over the past four years. In response, the oilfield services company says it will cooperate with the SEC, is restating past financial reports, has fired its general counsel and has removed its chairman and chief executive officer.

Six Forest Park Defendants Seek Acquittals or New Hearings

In separate pleadings filed last week, six of the defendants found guilty in the spring for their roles in a bribery and kickback scheme at the now-defunct Forest Park Medical Center are asking the U.S. District Court in Dallas for judgments of acquittal or, alternatively, new trials. Texas Lawbook correspondent Bruce Tomaso provides a summary of the arguments.

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