Texas attorney general’s appeal rejected, trial likely
AUSTIN, Texas — Texas Attorney General Ken Paxton’s hopes of avoiding trial on criminal securities fraud charges all but vanished Wednesday when a court rejected his third attempt at dismissing indictments that have shadowed nearly his entire time in office.
Paxton, a Republican who was indicted eight months after winning his 2014 election in a landslide, signalled he isn’t giving up. His attorneys said they anticipate asking the Texas Court of Criminal Appeals to reconsider its decision, though seldom are such requests granted.
A trial for Paxton would likely begin next year. He has pleaded not guilty to accusations of misleading wealthy investors he personally recruited in 2011 for a high-tech startup called Servergy Inc., which allegedly paid Paxton with 100,000 shares.
A federal judge, however, met those allegations with skepticism last week. The U.S. Securities and Exchange Commission had filed a civil lawsuit against Paxton that mirrored his criminal case, but U.S. District Judge Amos Mazzant threw out those charges Friday, saying federal regulators lacked evidence of Paxton duping investors.

