Ferrum Capital Lawsuit 2021 Jun 2026

Because the case settled, we never got a judicial ruling on whether Hightower actually sabotaged its own merger. But the threat of that discovery—emails, texts, board meeting minutes—likely pushed both sides to the table.

Walt Collins, the namesake of CAG, was deposed in April 2024 at the Omni Barton Creek Resort in Austin, but a full transcript only recently entered court records. During the deposition, Collins was asked repeatedly about what happened to the investors' money. "You're asking me — where's the rest of the money? I really want to know that. I don't know," Collins said when pressed. ferrum capital lawsuit 2021

Following Ferrum, merger agreements increasingly include explicit clauses preventing either party from intentionally causing a closing condition to fail. What was an implied duty is now a typed-out paragraph. Because the case settled, we never got a

The fallout from Ferrum Capital's collapse has resulted in a tangled web of legal battles spanning across Texas and beyond. During the deposition, Collins was asked repeatedly about

The unraveling of represents one of the most significant financial fraud cases to impact retail investors in Texas in recent history . While civil lawsuits and investigative reports began surfacing heavily in late 2023, key corporate actions and highly questioned investment tranches date directly back to 2021. These actions laid the groundwork for a massive legal collapse.