Jane C. Timm is a senior reporter for NBC News.
Texas Attorney General Ken Paxton has agreed to pay nearly $300,000 in restitution, take legal ethics classes and complete 100 hours of community service as part of a deal to avoid a jury trial in his securities fraud case. Paxton, a Republican, was indicted in 2015 on three felony charges that he had misled investors, including failing to disclose he was profiting on investments he urged people to make. He reportedly pleaded not guilty.
“There was no admission of guilt,” Paxton lawyer Dan Cogdell told reporters after the deal was announced in court Tuesday, reiterating Paxton’s innocence. “But we’re glad to have this behind us.” Pressed about why Paxton was willing to pay the significant sum if he was innocent, Cogdell said jury trials are unpredictable. “It’s cheaper than what he’d have to pay me if we went to trial,” Cogdell said. “There’s no guarantee when you go in front of a trial. Any trial lawyer will tell you that.
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Report: Texas Attorney General Ken Paxton discussing deal to have fraud charges droppedPaxton, a Republican who was charged with felony securities fraud in 2015, is reportedly in talks with prosecutors on an arrangement that will let him avoid facing a jury next month.
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Texas Attorney General Ken Paxton's securities fraud case likely to be diverted from trialTexas Attorney General Ken Paxton's securities fraud case is unlikely to go to trial in April as a pre-trial diversion agreement has been reached between prosecutors and Paxton's attorneys.
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Securities fraud case against Texas Attorney General Ken Paxton could be resolved todayTony Plohetski of Austin American-Statesman and KVUE reports a tentative pretrial deal could bring the nine-year-old case to a close.
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LIVE: Texas Attorney General Ken Paxton in Houston courtroom for hearing related to securities fraud caseTexas Attorney General Ken Paxton is expected in a Houston courtroom on Tuesday for a hearing related to his 9-year-old securities fraud case.
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WATCH LIVE: Charges to be dropped against Texas Attorney General Ken Paxton in securities fraud caseTexas Attorney General Ken Paxton is expected to strike a deal ahead of his securities fraud trial.
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Texas Attorney General Ken Paxton cuts deal to have fraud charges dropped, trial canceledPaxton, a Republican who was charged with felony securities fraud in 2015, has reached a deal with prosecutors that will let him avoid facing a jury next month. He did not have to admit guilt in agreeing to the terms.
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