Lawsuit continues between Laredo Mayor Pete Saenz, his brother
A final judgment has yet to be reached in the lawsuit between City of Laredo Mayor Pete Saenz Jr. and his brother.
Saenz is being sued by a trust in his brother's name over claims that millions of dollars in funds were not evenly distributed between partners. The mayor's brother, Rolando Saenz, said about $7 million is owed to him by Las Blancas Mineral Limited Partnership. He claims about $2.5 million was not correctly distributed into his trust through 2006.
At a recent summary judgment hearing in the 341st District Court, Baldemar Garcia Jr. and David Garcia, attorneys for Pete Saenz, argued that his brother had in fact received 25 percent of everything the partnership has ever made after conducting a formal accounting to confirm.
Of the several arguments brought up during the hearing, attorneys for Saenz argued that Rolando Saenz was relitigating an issue from a previous lawsuit.
Read more: http://www.lmtonline.com/local/politics/article/2-5-million-lawsuit-between-Laredo-Mayor-Pete-12263502.php
