Texas AG 'gratified' as fraud lawsuit against him collapses

AUSTIN, Texas - Texas Attorney General Ken Paxton said he is "gratified" that a federal judge dismissed civil charges alleging that he duped people into investing into a tech startup, as he continues to fight criminal charges pertaining to the matter in state court.

U.S. District Judge Amos Mazzant ruled Friday that the Securities and Exchange Commission didn't offer enough evidence that Paxton intentionally misled people he advised to invest in a tech startup, Servergy Inc., and that Paxton wasn't legally obligated to tell them that the company was paying him to recruit investors for it. Mazzant gave the SEC two weeks to refile its case.

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