Texas Teacher Retirement System Seeks Control Of Bank Of America Lawsuit
The Teacher Retirement System (TRS) of Texas has asked to be the lead plaintiff in a federal class-action lawsuit against Bank of America Corp. Plaintiffs allege in the lawsuit, filed in January, that Bank of America made “untrue statements” and withheld...Debt Relief USA Inc. Pays Settlement In Georgia
A Texas debt adjustment firm has agreed to pay a fine to the Georgia Governor’s Office of Consumer Affairs (OCA) to settle charges that it violated state law. Under the agreement, Debt Relief USA Inc. will refund $527,205.55 in fees to 330 Georgia residents and...Parent Co. Of Lone Star Park Files Bankruptcy
The Fort Worth Star-Telegram is reporting that Magna Entertainment Corp., the parent company of Lone Star Park in Grand Prairie, has filed for bankruptcy. The company made the announcement just as a $40 million debt payment was due. The Chapter 11 case was filed in...San Antonio River Walk Has Ties To WPA, Current Crisis
The Deal of the Week column in today’s issue of the Wall Street Journal discusses the 18-story One Riverwalk Place in San Antonio. The building on the northern edge of the city’s famed River Walk was purchased by Equastone LLC in 2006. Its mortgagte is in...Federal Judge Pleads Guilty To Obstruction Of Justice
A U.S. District judge in Houston pleaded guilty Monday to a obstruction of justice and resigned from the bench in a deal that ends prosecutor’s efforts on other charges. Jury selection was set to begin today for Judge Samuel Kent on the obstruction charge and...
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