Texas AG, Ken Paxton, Has Filed A Lawsuit Against Colony Ridge
The Michael Berry Show
KTRH
4.8 • 2.3K Ratings
🗓️ 18 March 2024
⏱️ 14 minutes
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| 0:00.0 | The Michael Berry show. |
| 0:02.0 | Attorney General Ken Paxton has sued the developers of colony Ridge |
| 0:07.0 | accusing them of deceptive sales, marketing, and misleading practices, saying, quote, |
| 0:15.0 | colony ridge has been flagrantly violating Texas law. |
| 0:22.0 | The lawsuit by your attorney general against Colony Ridge |
| 0:27.0 | alleges that Colony Ridge lies to customers about the condition of the land in order to make a sale of their property. |
| 0:37.0 | Residents of colony ridge filed dozens of complaints for years about the development to state agencies. |
| 0:46.7 | At least 11 consumer complaints were sent to the Attorney General's office about Colony Ridge |
| 0:50.9 | since 2019. |
| 1:00.0 | Paxton's suit echoes many of the claims in a U.S. Department of Justice lawsuit. That's the Biden Department of Justice, behind you, that was filed against Colony Ridge back in December, you'll recall. |
| 1:07.0 | In the state's lawsuit, Paxton argues the developers target foreign-born Latino consumers with a bait and |
| 1:16.8 | switch sales scheme that leads to sky- high foreclosure rates. |
| 1:24.0 | Paxton wrote in a statement, quote, |
| 1:27.0 | the development profited from targeting consumers |
| 1:30.0 | with fraudulent claims and predatory lending practices. |
| 1:35.1 | Their deceptive practices have created unjust and outsized harms. |
| 1:41.6 | Nearby communities have borne a tremendous cost for the scheme that made Colony Ridge's |
| 1:48.9 | developers of fortune. Also from the law student, quote, |
| 1:54.3 | colony Ridge, Roon, do you think I should say quote or do it in a different voice? |
| 1:58.6 | Or does anybody care? I think that goes back to the whole law school thing you know where you I used to describe my first job in law as I won't use the F word but that's what we use it's a |
| 2:11.4 | lawyers know this term for what baby lawyers do, |
| 2:14.8 | because you don't really have anything to add, |
... |
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