Far from crumbling in the face of a lawsuit that accuses him of pushing fake news for profit, Kyle Bass is doubling down on his accusers, United Development Funding. In a recent filing, Bass declares that he and his company, Hayman Capital Management, had a responsibility to turn in UDF to the SEC and the FBI. That Hayman made $60 million in the process is hardly the point, Bass says. And in the coming weeks, the SEC and the FBI may have a lot to say about it. Natalie Posgate has the story in The Texas Lawbook.
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