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?
According to a March 2 U.S. Bankruptcy Court for the Northern District of Texas ruling, Kevin Curley, former president/CEO of Texans Insurance Group, may finally be able to recoup $21 million in back pay and benefits in a case that goes back to 2007.
The court's decision confirmed what Curley told Credit Union Times in August 2009 when he said a trial was set for that September to determine whether he was entitled to compensation. The court's most recent opinion said Curley has a claim of $21 million, which includes $347,699 for back pay, benefits and prejudgment interest, $441,000 for attorneys' fees and employment arbitration and $156,909 for post-arbitration fees.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
