Lawyer - News

A double whammy hit Texas-based Clark Thomas this month. First, a grand jury indicted Bennie Fuelberg, former general manager of Pedernales Electric Cooperative, and Walter Demond, a former Clark Thomas shareholder who represented the PEC for two decades. Next, the firm agreed to pay the PEC a $4.1 million settlement, avoiding a civil suit. The indictments charge both men with misapplication of fiduciary property, theft and money laundering stemming from allegations of payments of PEC money to two outside consultants.

This entry was posted on Monday, June 29th, 2009 at 12:14 pm and is filed under Lawyer - News.