U.S. judge dismisses stock scam charges against Texas attorney general

A federal judge in Texas dismissed securities fraud charges on Thursday leveled against state Attorney General Ken Paxton, saying he did not act illegally in his dealing with a technology company U.S. regulators have accused of defrauding investors. Paxton is also facing state security fraud charges for his relationship with the Texas company, Servergy Inc, and a separate investment firm. The U.S. Securities and Exchange Commission has accused Servergy, a computer hardware company that develops cloud-based data storage servers, of selling private stock while misleading investors about the energy efficiency of its sole product.
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