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Mayor's office clarifies lawsuit in police-fire pension matter

DALLAS – The Dallas Mayor's office has clarified why it is seeking legal action to prevent funds from being withdrawn from a pension fund in crisis and stated its official position. 

UT law professor calls attorney general's union firefighter contract suit uninformed

AUSTIN (Legal Newsline) — Attorney General Ken Paxton has announced a lawsuit against the city of Austin over firefighters who allegedly engaged in union activities at taxpayer expense, but a law professor from the University of Texas in Austin is skeptical of the allegation. Emeritus professor Julius Getman, who used to represent the Connecticut State Police as an attorney, said the jobs of those in emergency and law enforcement professions are usually filled by individuals with great integrity

Michaels Stores executive unsuccessfully files for bankruptcy

DALLAS — Samuel Evans Wyly, a prominent Texas businessman, filed for Chapter 11 bankruptcy in the Dallas Northern District of Texas U.S. Bankruptcy Court but a third attempt to reorganize under Chapter 11 failed and the court rejected the amended plan. 

SEC charges Texas company, officers with fraud in $5.4 million settlement

FORT WORTH — Two key executives at a Texas company have been implicated by the U. S. Securities and Exchange Commission (SEC) in an alleged scheme that conned investors in fraudulent oil and gas ventures in which more than $5 million was raised, according to documents obtained by the Southeast Texas Record.