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.
GFA Federal Credit Union Gardner, Mass., received the first place Dora Maxwell Social Responsibility Recognition Award and the second place Louise Herring Award for Philosophy in Action from the Massachusetts Credit Union League
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.
After the Texas Department of Motor Vehicles implemented its electronic lien and title program in November, Texans Credit Union decided to move to an electronic title system.
Credit Union Liquidity Services LLC, previously known as Texans Commercial Capital, has been awarded more than $40 million in a suit involving a defaulted Illinois property loan, according to Texans Credit Union.