A little over a year after Texans Credit Union settled a contentious wrongful termination case with the former president of its insurance CUSO, the cooperative has been hit with yet another suit with strikingly similar details.
More legal fall out from Texans takeover.
The $1.6 billion Texans Credit Union is not providing any details only saying it has settled a three-year long clash involving Kevin Curley, the former president of Texans Insurance Group.
Without providing any details, the $1.6 billion Texans Credit Union said it has settled a three-year long dispute involving Kevin Curley, the former president of Texans Insurance Group.
More than a month after a bankruptcy court determined that the former president/CEO of Texans CUSO Insurance Group was entitled to $21 million in a wrongful termination case, it appears the fight to collect could linger.
Until creditors "holding a higher priority" are paid in full as Texans Insurance Group reorganizes under bankruptcy cover, it remains to be seen if the former CUSO's CEO will see any part of a $21 million order.
Kevin Curley, the former president/CEO of Texans CUSO Insurance Group, said he feels vindicated following a Texas bankruptcy court ruling in March that said he was entitled to $21 million in a wrongful termination case.
Does the latest chapter in a three-year old legal case involving the terminated executive of an insurance CUSO and Texans Credit Union hinge on semantics?
After nearly three years of legal wrangling, former Texans Insurance Group President Kevin Curley may be able to recoup $21 million in back pay and benefits in a wrongful termination case.