Updated: Four UDF Execs Indicted & Lawyered Up; Kyle Bass’ Lawyer Speaks Up

A lawyer for one of the four executives of Grapevine-based United Development Funding who have been indicted on federal securities fraud and wire fraud told The Texas Lawbook that the allegations are baseless and vexatious and the result of "the egregiousness of the government’s misconduct" in the case. But a lawyer for Dallas hedge fund manager Kyle Bass, who initially raised the allegations that UDF was a Ponzi scheme in 2015, talked exclusively to The Lawbook about the case. The Lawbook has the in-depth and updated details of the criminal and civil cases in the Northern District of Texas and Dallas County, as well as news of a sealed lawsuit filed in the Eastern District by UDF against the federal authorities investigating them.

October 20, 2021 Natalie Posgate & Mark Curriden

Haynes and Boone Beefs Up White-Collar Practice

During his decade-plus at the U.S. Attorney’s Office in the Northern District of Texas, Nick Bunch handled more than 25 cases involving white-collar fraud. He is Haynes and Boone's second addition from a U.S. Attorney's office in Texas this year.

October 18, 2021 Brooks Igo

State Bar of Texas Discipline: 2 Resignations, 5 Suspensions, 1 Public Reprimand

The Texas Lawbook has details on the latest State Bar of Texas disciplinary actions, which includes lawyers who neglected their clients' legal matters and failed to keep them in the loop. In one instance, a Dallas lawyer stole $50k from a client and filed for bankruptcy protection in an attempt to cover it up.

October 4, 2021 Allen Pusey

Chad Meacham Named Interim U.S. Attorney in Dallas

A veteran of high-profile criminal prosecutions, Chad Meacham will serve as the second interim U.S. attorney for the Northern District of Texas since January, succeeding Prerak Shah, who is leaving the office. There has been no public indication of when the Biden administration will nominate a permanent top prosecutor for the district.

October 1, 2021 Bruce Tomaso

Despite High-Profile Candidates, No News on U.S. Attorney Nominations in Texas

The Biden administration has taken no public steps to fill any of the four U.S. attorney positions in Texas, but the list of prominent lawyers wanting those high-profile jobs is growing. They include partners from Winston & Strawn, Gibson Dunn, Gerger Hennessy and Jackson Walker. Two sitting U.S. Attorneys and the son of an East Texas federal judge are also on the short list. The Texas Lawbook has details.

September 27, 2021 Mark Curriden & Bruce Tomaso

Acting NDTX U.S. Attorney Resigns

Prerak Shah, who has been the acting United States Attorney for the Northern District of Texas since January, announced Wednesday that he is stepping down effective Oct. 1. The Biden Administration hasn’t nominated any candidates for the four U.S. Attorney positions in Texas, but the U.S. Justice Department is expected to announce a new acting top prosecutor for North Texas in the next couple weeks.

September 22, 2021 Mark Curriden

The SEC Pushes the Limits on Insider Trading

The Securities and Exchange Commission did something rather extraordinary last month in a case involving "shadow trading" that could push the limits of the "traditional" theory of insider trading. This article examines the case and its implications.

September 16, 2021 Elisha J. Kobre

Biden Administration Directs OSHA to Mandate Vaccines and Testing

The president's recent mandate brings more questions than answers and will almost certainly be met with legal challenges. But employers should anticipate a rollout within the coming weeks and prepare accordingly.

September 14, 2021 Mark Shoffner & Mason Jones