Asset Investigation: Attorney Claims His Client Is Judgment Proof E-Newsletter Article

In 2019, Texas Investigative Network, Inc. was contacted by a Texas-based law firm representing a commercial client who had filed an eight (8) figure lawsuit in Federal District Court. The defendants in this civil matter consisted of a handful of entities, all owned by a wealthy businessman.

On several occasions over the course of litigating this case, opposing counsel “reminded” our law firm client that his client was judgment proof and remained emphatically opposed to paying anything that may constitute a settlement in this matter. Our law firm sensed that opposing counsel was bluffing and made the decision to engage Texas Investigative Network, Inc. to conduct an asset investigation. The assignment objectives included identifying and locating all of the financial assets – bank accounts and brokerage accounts – in which this defendant and the three (3) relevant defendant entities are associated.

Asset Investigation Results

A meticulous and extensively conducted investigation yielded numerous bank and investment accounts associated with the defendant and with all of the entities named as defendants. The balances for all of the relevant accounts identified totaled an amount in excess of $ 22 million. This information was openly shared with opposing counsel, ultimately resulting in a settlement.

Evidently, this defendant/businessman was not nearly as “judgment proof” as his attorney had previously claimed that he was.


Bill Pellerin Private Investigator

About the Author:

Bill Pellerin is the founder and President of Texas Investigative Network, Inc., a Texas Corporation founded in 1994. The company employs licensed investigators in Austin, Corpus Christi, Dallas, El Paso, Fort Worth, Houston, Lubbock, McAllen and San Antonio, Texas, and conducts investigations for several major Texas corporations, law firms, insurance companies, and financial institutions. Learn more