March 10th, 2016 by admin
We represented a group of board members in a large securities fraud case in Dallas involving a $25,000,000 private offering of stock in an alternative energy company. Our clients were a group of investors who had obtained a seat on the board as a result of their large investment. We resolved the case in mediation with our clients being absolved of liability and contributing $0 to the ultimate settlement. Subsequent to this case, we obtained a sizable judgment against one of the founders of the company for breach of fiduciary duty in connection with this transaction.