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Fraud lawsuit settled ahead of trial: Assemblyman from East Bay will pay an unspecified sum to four investors.
Byline: Jim Sanders
Aug. 16--Weeks before trial, Assemblyman Guy Houston has settled a 3-year-old lawsuit accusing him of cheating investment clients out of hundreds of thousands of dollars.
Agreement was reached at a time when Houston, a San Ramon Republican who is termed out of the Assembly next year, is preparing a 2008 campaign for a Contra Costa County supervisorial seat.
Alameda Superior Court was notified this week of the settlement. A request for dismissal of the suit was listed Wednesday on the court's Web site.
Terms of the settlement were not disclosed, and dismissal is contingent upon Houston's payment of an unspecified sum.
Houston's decision to settle the case is not an admission of wrongdoing. He consistently has denied any impropriety.
Houston and his attorney, Michael Rupprecht, did not return calls seeking comment Wednesday. The assemblyman represents a district stretching from Danville to Livermore to Elk Grove.
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