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Friday, October 9, 2026

Texas Jury Clears Investment Firm In $1.2B Pension Suit - Law360

undeveloped land investments made by the Dallas Police & Fire Pension System, finding that while Townsend was negligent, the majority of the blame for the poor investments falls on the system. In an 11-1 vote, a Dallas County District Court jury found that Townsend Holdings LLC, doing business as The Townsend Group, was 10% responsible for the more than $1. 2 billion in out-of-pocket costs and lost profits the pension system claimed it suffered because of 12 bad investments between 2005 and. . .

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Read Full Story: https://www.law360.com/trials/articles/1510243/texas-jury-clears-investment-f...