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Daily Ledger

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Saturday, September 5, 2026

The lead · Sep 5

Joshua Allen via Facebook

Prosecutors say Allen's bid for a new Ferrum trial misreads the law

Federal prosecutors are urging Judge Fred Biery to deny Joshua Allen's motion for a new trial in the Ferrum Capital securities-fraud case, Lubbock Lights reported Friday, arguing jurors were correctly instructed that investment contracts are securities. Allen filed the motion Tuesday; sentencing remains set for December.

Sources Lubbock Lights

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U.S. & World

Trump signs orders letting ranchers process and sell their own beef

Trump signed executive orders Friday allowing smaller ranchers to process and sell beef outside USDA-inspected facilities, responding to backlash over Brazilian imports and record prices. Ground beef averaged $6.89 a pound in July, up 10% in a year, while the Justice Department examines eight major grocers' beef pricing.

Sources NOTUS · Fortune · UPI

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