The SEC announced Wednesday that America Modern Green Senior, America Modern Green Community and America Modern Green Residential have agreed to settle charges that they improperly used $49.5 million they raised from 90 Chinese investors for a project under the EB-5 Immigrant Investor Program.
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Gray Reed Closes Syngenta Case with $1.51B Settlement
A Kansas federal judge Friday approved what may be the largest agricultural settlement in U.S. history. It marks the end of a four-year legal battle in which farmers alleged Syngenta released genetically modified corn into the marketplace, causing major disruptions in the corn trade between the U.S. and China. A Dallas attorney took part in the deal.
Alex J. Brown Joins Lanier as Managing Attorney of Commercial Litigation
Brown was most recently at the Houston personal injury firm Heard Law Firm.
SEC Settles Fraud Charges with AriseBank Execs
The SEC announced Wednesday that AriseBank ex-chief executive officer Jared Rice Sr. and ex-chief operating officer Stanley Ford will pay about $2.7 million in disgorgements and penalties for operating a cryptocurrency scheme that used former heavyweight boxing champ Evander Holyfield as a spokesperson.
Finalists for the 2018 DFW Outstanding Corporate Counsel Awards Are…
The Association of Corporate Counsel’s DFW Chapter and The Texas Lawbook received a record-smashing 126 nominations for the 2018 Outstanding Corporate Counsel Awards. A panel of 18 prominent GCs and lawyers reviewed the submissions and The Lawbook has this year’s finalists.
Chron: Parker Drilling Filing for Bankruptcy
Houston-based Parker Drilling said Wednesday it’s filing for bankruptcy and losing its listing on the New York Stock Exchange. The financially hobbled onshore drilling contractor has struggled mightily since the
CDT Roundup: 15 Deals, 16 Law Firms, 65 Texas Lawyers, $1.8B
Healthcare-centered private equity is on the brink of another record year. According to newly released data from Preqin, 585 healthcare-related deals had been announced through November worth $56 billion. The Lawbook’s Claire Poole explains how Texas dealmakers fit into the picture, along with her weekly assessment of Texas deals.
Eight Major Hotels Sued in Antitrust Lawsuit in EDTX
An online travel agency has sued eight major hotel chains claiming an agreement to suspend competitive bidding on each other’s branded online search terms damaged its business. It’s a complex allegation of anticompetitive behavior and Lawbook litigation writer Natalie Posgate explains it.
Former Hercules Associate General Counsel and Chief Compliance Officer Joins King & Spalding in Houston
Bill Gordon oversaw the compliance and litigation functions at Hercules, a Houston-based global oil services and drilling company with 3,000 employees.
Kilpatrick Townsend Names New Partner in Dallas
The Atlanta law firm promoted 15 attorneys to partner firmwide.