United Development Funding IV fka UDFI

[Jh5142]

Hayman's reply brief has been filed. Link below.

Here is an interesting sentence where the Defendants could be acknowledging that they came to the wrong conclusion about UDF, but did not do so knowingly or recklessly:

"But there is simply no clear and specific evidence in the record to suggest that Defendants’ conclusions, reasonably understood, were false, nor is there any evidence to suggest that, even if Defendants somehow had come to a wrong conclusion despite months of careful research, they did so knowingly or recklessly."

http://www.search.txcourts.gov/SearchMedia.aspx?MediaVersionID=c152fd34-ee32-43cd-99ff-4c271cd50552&coa=coa05&DT=Brief&MediaID=4713251d-4914-4f2b-a5d3-88e51dd33b3a