Democracy Dies in Darkness

Texas AG Ken Paxton makes deal to avoid felony securities trial

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Updated March 26, 2024 at 12:21 p.m. EDT|Published March 26, 2024 at 10:37 a.m. EDT
Texas Attorney General Ken Paxton (R) speaks to reporters on Feb. 26 in Washington after oral arguments before the U.S. Supreme Court to determine whether Florida and Texas social media laws can stand. (Jahi Chikwendiu/The Washington Post)
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HOUSTON — Texas Attorney General Ken Paxton (R), a conservative firebrand acquitted last year in a historic impeachment trial, has reached an agreement with prosecutors to avoid trial on long-standing state felony securities fraud charges.

Paxton was charged nearly a decade ago, accused of defrauding investors at a Dallas-area tech company by not disclosing that he was paid by the company to recruit them. The case has been delayed for years by pretrial disputes over the trial’s location and special prosecutors’ fees.