Defended a large privately held company in a securities fraud and breach-of-contract suit arising out of an $85 million syndicated loan in Texas State Court.
Represented a large privately held company and its officers who were sued personally for fraud in Texas State Court, Dallas County. The action arose after the company secured an $85 million syndicated loan. The plaintiff claimed to have brokered the deal and sought compensation for alleged services it provided, initially seeking $10 million in damages. The breach-of-contract and fraud matter involved complex issues of securities law and compliance with securities registration requirements including whether plaintiff’s failure to register with the Securities and Exchange Commission as a broker bared damages, whether the plaintiff acted as a finder or a broker, and whether the syndicated loan was categorized as a security under SEC regulations.