U.S. judge dismisses stock scam charges against Texas attorney general

U.S. judge dismisses stock scam charges against Texas attorney generalA federal judge in Texas dismissed securities fraud charges on Thursday leveled against state Attorney General Ken Paxton, saying he did not act illegally in his dealing with a technology company U.S. regulators have accused of defrauding investors. Paxton is also facing state security fraud charges for his relationship with the Texas company, Servergy Inc, and a separate investment firm. The U.S. Securities and Exchange Commission has accused Servergy, a computer hardware company that develops cloud-based data storage servers, of selling private stock while misleading investors about the energy efficiency of its sole product.



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U.S. judge dismisses stock scam charges against Texas attorney general

U.S. judge dismisses stock scam charges against Texas attorney generalA federal judge in Texas dismissed securities fraud charges on Thursday leveled against state Attorney General Ken Paxton, saying he did not act illegally in his dealing with a technology company U.S. regulators have accused of defrauding investors. Paxton is also facing state security fraud charges for his relationship with the Texas company, Servergy Inc, and a separate investment firm. The U.S. Securities and Exchange Commission has accused Servergy, a computer hardware company that develops cloud-based data storage servers, of selling private stock while misleading investors about the energy efficiency of its sole product.



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