Former Texans CU CUSO CEO Files Suit
Gary Kirkindoll, the former CEO of Texans Insurance Group, is suing Texans Credit Union to collect $1.89 million through a deferred compensation plan.
According to Kirkindoll’s lawsuit, he has not received funds from the deferred compensation plan since leaving the $1.6 billion Texans CU on May 23, a media report noted.
In addition to an alleged breach of contract, Kirkindoll is suing for negligent misrepresentation, fraudulent misrepresentation, breach of fiduciary duty and fraudulent inducement.
The NCUA placed Texans CU in conservatorship April 15.