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 federal judge hearing the case from the Securities and Exchange Commission (SEC) against Texas Attorney General Ken Paxton said he wonders if the prosecution is trying to fit a “square peg in a round hole.”
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.”
The criminal court judge in the Attorney General Ken Paxton securities fraud case has ruled that his defense lawyers can get records related to the selection of the grand jury. The prosecutors say that no improprieties occurred in the grand jury selection and empanelment. Paxton is seeking evidence to see if the grand jury was stacked against him.
A notice filed by special prosecutors in the securities fraud cases against Texas Attorney General Paxton raises potentially exculpatory, as well as damaging evidence. Clint Broden, a lawyer from Dallas who is double-board certified in criminal law told Breitbart Texas, “The notice could be a double-edged sword.”
Texas Attorney General Ken Paxton has been charged with two first degree counts of securities fraud, and with a third degree felony for failing to register as a securities adviser with the Texas State Securities Board.
