Tag: United Development Funding
Fifth Circuit Confirms UDF Executives’ Guilt in Securities Fraud Case
The Fifth Circuit ruled this week that executives of United Development Funding were rightfully convicted on several counts of wire and securities fraud related...
UDF Case Reaches Federal Appeals Court
A three-judge panel of the U.S. Fifth Circuit Court of Appeals in New Orleans heard oral arguments earlier this week related to the appeal...
NexPoint Seeks Injunction Against UDF IV Execs Who Used $65 Million...
NexPoint Advisors, L.P., a Dallas-based alternative investment firm, has filed a motion for preliminary injunction against United Development Funding IV, a real estate investment...
NexPoint Sues UDF IV Advisors and Executives over “Massive Multi-Year Deception”
NexPoint Advisors L.P., a Dallas-based alternative investment firm, has filed a new complaint in a Dallas district court related to United Development Funding IV,...
UDF Executives Facing 20 Years in Prison Lose Bid to Remain...
Four United Development Funding executives who were recently sentenced to a combined 20 years in federal prison for fraud have lost their bid to...
UDF Executives Sentenced to a Combined 20 Years
Four United Development Funding executives were sentenced to a combined 20 years in federal prison for fraud, according to U.S. Attorney for the Northern...
Four UDF Executives Convicted of Fraud
Four United Development Funding executives were found guilty of fraud on Friday following a five-day trial and nearly 12 hours of jury deliberation.
Chief executive...
Four UDF REIT Executives Charged with Fraud
Federal prosecutors have charged four United Development Funding executives with allegedly engaging in a “scheme to defraud” using three of the company’s investment funds,...
Texas Supreme Court Denies Kyle Bass Petition to Review, UDF Lawsuit...
A lawsuit filed by United Development Funding L.P. against Kyle Bass and his hedge fund Hayman Capital will proceed in the trial court after...
Appeals Court Denies Kyle Bass and Hayman Capital’s Motion to Dismiss...
The Texas Judicial Branch Fifth Court of Appeals has affirmed the decision by the Dallas County Court to deny defendants J. Kyle Bass and...
UDF Files Brief to Oppose Kyle Bass and Hayman Capital Appeal
United Development Funding filed an appellate brief in the Texas Judicial Branch Fifth Court of Appeals in the matter of J. Kyle Bass, et....
SEC Orders Proceedings Against UDF After Enforcement Allegations
After an investigation of United Development Funding by the Securities and Exchange Commission’s Division of Enforcement, it was determined that three of the company’s...
Chief Accounting Officer Resigns from Two UDF REITs
David Hanson has voluntarily resigned from his positions at United Development Funding IV (OTCMKTS: UDFI) and United Development Funding Income Fund V, two real...
UDF Executives Ordered to Pay $8.3 Million to Settle SEC Charges
The Securities and Exchange Commission has charged two real estate investment funds and four executives for allegedly misleading investors by failing to disclose that...
Judge Allows UDF Lawsuit Against Kyle Bass and Hayman Capital to...
A Dallas County Court has denied a motion by hedge fund manager Kyle Bass to dismiss a lawsuit filed by United Development Funding against...
Newbridge Securities Under Fire for ARC REIT Sales to Pennsylvania Police...
Lawyers representing a number of retired Philadelphia police and firefighters plan to file more complaints with Financial Industry Regulatory Authority against Boca Raton-based Newbridge...
