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.
Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.
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.
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?