By Katryna Perera (June 28, 2022, 6:25 p.m. EDT) – A Texas federal judge has declined to launch a Ponzi fraud lawsuit against a loan company and the CEO of a real estate development company, noting that the court has expended many resources on the motions to dismiss in the case thus far and that the defendants should not file any further motions to dismiss.
U.S. District Judge Sam A. Lindsay concluded his opinion on Monday by saying that “the court and its staff have expended many hours and limited judicial resources to adjudicate the motions under Rule 12(b)(6) The court orders all defendants not to file any further 12(b)(6) motions.”
According to the judge…
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