https://www.law.com/texaslawyer/2024/02/26/denied-no-new-trial-as-munsch-hardt-lawyers-preserve-8-25m-award/
Texas State Securities Board website. Credit: Jarretera/Adobe StockThe Dallas Appeals Court upheld an $8.25 million judgment in a securities fraud case where the solicitor and seller of stocks was found to have misrepresented the investment plan.
February 26, 2024 at 03:17 PM
4 minute read
What You Need to Know
- The Dallas Court of Appeals affirmed an $8.25 million judgment in a securities fraud case involving misrepresentations.
- The defendant represented himself in trial court and was hit with a discovery sanction.
- The defendant lost the case on the motion for summary judgment and was found to have waived a key defense.
The Dallas Court of Appeals upheld a trial court’s $8,251,008 judgment in a securities fraud case where investors in an artificial intelligence software company claimed misrepresentation and breach of fiduciary duty.
The decision ended plaintiff Michael O’Donnell’s attempt to get a new trial.
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