Where will lawsuits be filed?
The SEC action remains pending in the United States District Court for the Northern District of Texas, Wichita Falls Division. Wichita Falls is located approximately 150 miles northwest of Dallas. The Honorable Reed O’Connor, the presiding judge over the receivership case, is based out of the Dallas Division of the United States District Court for the Northern District of Texas. The receiver has indicated that he plans to file lawsuits in federal court in Dallas, Texas.