Vegas Developer Settlement Land Sale

Vegas developer looking to sell land around A&M-San Antonio after lawsuit settlement

A seven-year lawsuit between the former development partners behind a master-planned project at Texas A&M University-San Antonio has been settled, and progress on the long-stagnant development may be close behind.

Two weeks ago, Houston-based Fulbright & Jaworski LLP and its former San Antonio partner, Jane Macon, settled its long-standing case with Las Vegas-based Verano Land Group LP in Las Vegas. Once former development partners, Verano Land Group sued three former managing partners, its law firm and Macon in 2012, alleging that the group took actions without Verano’s knowledge that hurt them financially. Those actions included donating 694 acres to Texas A&M-San Antonio despite Verano asserting that its investors believed the donation would be limited to no more than 400 acres. Macon and the law firm “derived substantial personal benefits” from the increased donation, the suit alleges.

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