A federal district judge nominated by President Obama has dismissed the U.S. Securities and Exchange Commission’s entire civil securities fraud case against Texas Attorney General Ken Paxton. The judge dismissed the case with prejudice.
Lawyers for Texas Attorney General Ken Paxton have filed a motion asking a federal judge to stop the U.S. Securities and Exchange Commission’s (SEC) continued harassment and fishing expedition where there is no evidence.
The highest criminal court in the Lone Star State has declined to hear the securities fraud case against Texas Attorney General Ken Paxton. A spokesman for Paxton said that the Attorney General is looking forward to going to trial before a jury.
The federal court judge presiding over the civil Securities and Exchange Commission action against Texas Attorney General Ken Paxton has dismissed the case. In a statement obtained by Breitbart Texas, Attorney General Paxton said, “I appreciate the judge’s thorough review and I am gratified by his dismissal of the entire case.”
A lawyer who previously served as the chief litigator in the enforcement division at the Securities and Exchange Commission (SEC), filed a motion to dismiss the SEC civil lawsuit against Texas Attorney General Ken Paxton on Thursday. He writes, “In short, the SEC’s claims against Mr. Paxton are a dramatic overreach and lack any basis in law.”