Article
The Business Court Finally Opines On The Texas Securities Act
The Business Court of Texas recently issued its first published opinion interpreting the Texas Securities Act (TSA). In Thompson v. Anchor Capital GP LLC, 2026 Tex. Bus. 41 (1st Div. July 1, 2026), the court granted defendants’ motion for partial summary judgment on the plaintiffs’ TSA claim after holding that a secured promissory note was not a security. See id. ¶¶ 1–2, 27–32, 62–63.
Foley & Lardner