Munsch Hardt Attorneys Preserve $8.25M Securities Fraud Judgment on Appeal | Texas Lawyer
















Texas State Securities Board website. Credit: Jarretera/Adobe Stock

The 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

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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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