By Katie Buehler (August 12, 2022, 4:43 p.m. EDT) – The Dallas Police and Fire Retirement System has asked a Texas state court for a new trial in its 1.2 lawsuit billion accusing the Townsend Group of failing to warn of the risks of investing in undeveloped land, saying its loss to the jury was ‘tainted’ by Townsend’s arguments that the lawsuit was fabricated by lawyers.
The Retirement System urged a Dallas County District Court judge in a motion Thursday to overturn a July jury verdict that cleared Townsend Holdings LLC of most claims in the lawsuit and found the company to Investment owed nothing for losses attributable to its negligence.
This verdict delivered…
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!