Texas jury clears investment firm in $1.2 billion pension lawsuit

By Katie Buehler (July 11, 2022, 9:07 p.m. EDT) — A Texas state court jury on Monday cleared the Townsend Group of most claims related to its role in the failure of undeveloped land investments made by the Dallas Police & Fire Pension System, finding that if Townsend was negligent, the majority of the blame for bad investments lies with the system.

In an 11-to-1 vote, a Dallas County District Court jury found that Townsend Holdings LLC, doing business as The Townsend Group, was 10% liable for more than $1.2 billion in dollars of disbursements and lost benefits claimed by the pension system. it suffered from 12 bad investments between 2005 and…

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!


Previous MP calls for inquiry into war pension claims process - DB & Derisking
Next The plan for 10 canal houses reviewed by Stone Town Council A small piece of stone