Texas AG Ken Paxton seeks more time in SEC fraud case
Contemplating an aggressive round of depositions, Texas Attorney General Ken Paxton has asked for an additional 3½ months to question potential witnesses over allegations that Paxton defrauded investors in private business deals five years ago.
The additional time, if granted by U.S. District Judge Amos Mazzant III, would delay a civil trial until at least September 2017 over fraud allegations made by federal regulators.
In a recent court filing, defense lawyers told the judge that they will need more time to question as many as 46 potential witnesses, including state Rep. Byron Cook, R-Corsicana, and his wife, Kay Cook.
The U.S. Securities and Exchange Commission, in a civil lawsuit filed in April, accusing Paxton of defrauding Cook and a second investor, Joel Hochberg of Florida, by touting Servergy Inc. without disclosing that the McKinney tech company had agreed to pay Paxton to solicit investors.
Read more: http://www.statesman.com/news/news/ken-paxton-seeks-more-time-in-sec-fraud-case/nsCLn/
