Friday, May 3, 2024 May 3, 2024
68° F Dallas, TX
Advertisement
Business

Fifth Circuit Court Clears Stream Energy in Pyramid Scheme Suit

If you've been reading FrontBurner awhile, there's a chance you'll remember Scott Clearman. He's the bow tie-wearing Houston attorney who filed a class-action suit against Stream Energy, alleging that the local power provider was a pyramid scheme. We were dragged into the affair because I profiled Stream's founder, Rob Snyder, in 2006, and our sister pub D CEO wrote about him in 2010. I had some fun at Clearman's expense in 2009, when he sent me a letter warning me that he might demand all the emails, ever, between me and Rob. Then I had a chuckle in 2012 when Clearman had D Magazine served. Well, it has a taken many years and many dollars, but Clearman's lawsuit is finally dead -- or, if not fully dead, it's doing that thing where it grabs at the gunshot wound in its stomach and gurgles right before it falls into a lifeless heap on the dirt road that runs through the center of town, as the sheriff holsters his six shooter. Sorry, I got carried away. Anyway, The U.S. Fifth Circuit Court of Appeals in New Orleans reversed a lower court's ruling. Stream put out a press release today about the matter. As for Scott Clearman, though the State Bar says he's eligible to practice in Texas, it appears that his law firm has been dissolved and he's fighting with his former partners.
|

If you’ve been reading FrontBurner awhile, there’s a chance you’ll remember Scott Clearman. He’s the bow tie-wearing Houston attorney who filed a class-action suit against Stream Energy, alleging that the local power provider was a pyramid scheme. We were dragged into the affair because I profiled Stream’s founder, Rob Snyder, in 2006, and our sister pub D CEO wrote about him in 2010. I had some fun at Clearman’s expense in 2009, when he sent me a letter warning me that he might demand all the emails, ever, between me and Rob. Then I had a chuckle in 2012 when Clearman had D Magazine served.

Well, it has a taken many years and many dollars, but Clearman’s lawsuit is finally dead — or, if not fully dead, it’s doing that thing where it grabs at the gunshot wound in its stomach and gurgles right before it falls into a lifeless heap on the dirt road that runs through the center of town, as the sheriff holsters his six shooter. Sorry, I got carried away. Anyway, The U.S. Fifth Circuit Court of Appeals in New Orleans reversed a lower court’s ruling. Stream put out a press release today about the matter.

As for Scott Clearman, though the State Bar says he’s eligible to practice in Texas, it appears that his law firm has been dissolved and he’s fighting with his former partners.

Related Articles

Image
Hot Properties

Hot Property: A Quintessential Historic Hollywood-Santa Monica Tudor 

Get a taste of the East Dallas neighborhood, which is celebrating its centennial this weekend.
Image
Commercial Real Estate

Serra Real Estate Capital, Dallas County Open Mixed-Use Parking Structure in Downtown Dallas

The current property is a prelude to further on-site development that is anticipated in conjunction with the $3.7 billion Kay Bailey Hutchison Convention Center expansion.
Image
Things to Do in Dallas

Things To Do in Dallas This Weekend

How to enjoy local arts, music, culture, food, fitness, and more all week long in Dallas.
Advertisement