Dan Cogdell speaks with the press after securities fraud charges were dropped against Ken Paxton.

Dan Cogdell the attorney for Attorney General Ken Paxton speaks with the press following the news that prosecutors agreed to dismiss securities fraud charges against Paxton if he completes 100 hours of community service and meets other pretrial conditions. This resolves the nearly nine-year-old case that has shadowed the Republican since he took office.

"At the end of the day, it is not a plea bargain. He didn't plead. There is no admission of guilt, " said Cogdell. "There will never be an admission of guilt because he's not guilty. But we're glad to have this behind us 18 months from now or perhaps shorter, the case will be dismissed."

The agreement, reached three weeks before Paxton's trial, mandates advanced legal education for him, along with restitution to those he allegedly defrauded over a decade ago. This stems from accusations of soliciting investors in a McKinney technology company without disclosing his financial interests.

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