Kevin M. Curley, the former president of Texans Insurance Group who was terminated in April 2007, told Credit Union Times that an arbitrator has decided on a $6.3 million judgment in his favor.
Curley said word of the judgment came through during the last week of June. A spokesman for Bill Brewer, Curley's attorney, could not confirm any details of the judgment. A search of civil cases with the 192nd Civil District Court in Dallas County, Texas did not turn up any information. Curley said the 29-page document is confidential.
When asked for a comment on the judgment, Texans Credit Union spokeswoman Shalissa Clary wrote in a July 28 e-mail, "As a matter of policy Texans Credit Union does not comment on pending litigation."
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Curley, who sold his insurance company to Texans Credit Union, was terminated in April 2007. Curley filed suit for breach of contract. In July 2008, Arbitrator Susan Soussan ruled that Curley was fired without reasonable or justifiable cause and ordered Texans Insurance to pay him $350,000 in back pay, benefits and pre- and post-judgment interest. Curley was also supposed to be reinstated but never resumed his post at the insurance CUSO.
Curley said "there's no celebrating" with the judgment but "real vindication." He said he is confident that the decision is "final and binding with really no room to maneuver."
"This is a company I built over 19 years. My family worked there. It's hard to take on a $2 billion company with a bevy of in-house lawyers. Justice delayed is not justice denied. I feel very vindicated."
Curley said another trial is set for September to recoup $24 million from Texans for the sale of his company, Curley Insurance Group.
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