Graham city attorney loses $60 million lawsuit; case involved two Abilene men
WICHITA FALLS — Graham city attorney Kerwin Stephens lost a $60 million civil suit this month that claimed he and two others defrauded their business partners in an oil investment scheme, an attorney in the case said Thursday.
Stephens, who also has a private law practice in Graham, was accused in the lawsuit of colluding with two Abilene men to exclude their other business partners and split the profits between themselves, said Michael Hurst, an attorney for plaintiffs in the case.
The verdict was decided by a West Texas jury on Aug. 19 in the 32nd District Court. Hurst said the $60 million decision is the largest verdict ever delivered in that court, which covers Fisher, Nolan and Mitchell counties.
Hurst represented investors Lowry Hunt and Richard Raughton, who were awarded $28 million in the case.
Read more: http://www.reporternews.com/news/local-news/graham-city-attorney-loses-60-million-lawsuit-case-involved-two-abilene-men_98102708
