Free Speech, Due Process and Trial by Jury
Attorneys for UDF argue in new court filings that jurors should have been allowed to hear about a bitter rift pitting United Development Funding and CEO Hollis Greenlaw against Dallas hedge fund manager Kyle Bass.
The proposal would turn compliance for firms on its head in the name of protecting investors and companies that take private capital.
Roughly 30,000 victims nationwide lost money or were misled by the North Texas REIT and the firm’s executives, who were convicted last month of misusing proceeds from investors and financial institutions in a Ponzi-like scheme involving loans to residential housing developers across Texas, prosecutors said.
The Texas deep freeze last year dramatically and graphically illustrates the consequences of the government's failure to address the state's energy needs. But the same is happening in other states and across the globe. The much-needed changes resulting from this past winter won't even be implemented in time for this current winter and, once again, Texans are at the mercy of Mother Nature. This article examines factors that contributed to the Texas electrical grid failure in February 2021 and recommends ways to prepare infrastructure for extreme weather in the era of climate change.
Federal prosecutors in Houston and the Commodity Futures Trading Commission have charged former Pacific Summit Energy President Matthew Clark with operating an illegal scheme involving insider trading of natural gas futures and financial kickbacks. A federal grand jury Thursday indicted Clark on multiple counts of wire fraud, insider trading and making illegal commodities transactions. If convicted, he faces 130 years in federal prison.
Lawyers weighed in Wednesday on the new SEC proposal which would increase the frequency and amount of information some firms and hedge funds are required to disclose.
The CEO and three other executives of Grapevine-based United Development Funding convicted of securities fraud, wire fraud and conspiracy will be free while they await sentencing in May, a federal magistrate ruled Monday. The Dallas Business Journal is providing continuous coverage.
Four top executives of a Grapevine-based residential development lender United Development Funding return to federal court today in Fort Worth after conviction for securities fraud. The Dallas Business Journal is providing continuous coverage.
Six years after the FBI stormed the offices of United Development Funding in Grapevine, CEO Hollis Greenlaw and three other controlling executives of the firm are in trial this morning on fraud and conspiracy charges in federal court in Fort Worth. The allegations, which the executives deny, involve dollar figures high enough to rank it among the nation’s largest financial fraud cases. The Dallas Business Journal is there for the trial and will have continuous coverage.
While there has been a focus on how eviction protections impact residential tenants, commercial landlords who own multifamily or mixed-use projects must be informed of current restrictions and procedures to understand the implications of evicting residential tenants. This article summarizes our path to this point, the current situation and the future for evictions in Texas.
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