DALLAS -- A federal district court jury in Houston returned a verdict this week awarding $68 million in actual damages to nine mutual funds, an investor, and six private financing corporations in a Texas jail securities fraud and conspiracy case.

In the verdict issued late Wednesday, the jury found that the Keck, Mahin & Cate law finn conspired with the Houston jail contractor H.A. Lott Inc. and Houston jail developer N-Group Securities Inc. to fraudulently market bonds to build six private jails in rural Texas.

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