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.
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.”
Texas Attorney General Paxton was in Dallas to hear his lawyers argue that the court should “nip in the bud” any improper methods used in selecting a grand jury under the new system in Texas.
The U.S. Securities and Exchange Commission (SEC) filed a civil lawsuit against Texas Attorney General (AG) Ken Paxton and others on Monday, just one week to the day before the Texas AG will represent Texas and lead more than half the states in the nation at the U.S. Supreme Court in the executive amnesty case, the United States v. Texas. The federal government is appealing their loss in the lower district court and the U.S. Court of Appeals for the Fifth Circuit. The Attorney General of Texas told Breitbart Texas, “That’s just creative timing by the Obama administration to file a lawsuit one week before I lead a twenty-six state coalition against his illegal immigration order.”
