SECURITIES

摘要

The Texas Court of Appeals ruled in Mad-Mag Development, LLC v. Cargle, (Not Reported in S.W.3d), 2017 WL 2791217, No. 07-16-00132-CV (Tex. App. June 26, 2017), that purchasers of investment interests in a continuing care retirement facility had claims for misrepresentation against the seller that accrued by April 30, 2011, but did not bring an action until an additional seven and one-half months after that date, or December 14, 2011. Thus, the claims were barred by the federal and state securities fraud statutes.