Without providing any details, the $1.6 billion Texans CreditUnion said it has settled a three-year long dispute involving KevinCurley, the former president of Texans Insurance Group.

Curley's case goes back to January 2007 when Texans CU boughtthe Curley Insurance Group LLC and six other companies from him for$19 million. Curley was also entitled to a $21 million contingentright to an earn-out paid by Texans Insurance. He later filed awrongful termination suit after he alleged he was fired withoutcause.

On March 2, the U.S. Bankruptcy Court for the Northern Districtof Texas said Curley had a claim of $21 million, which includes$347,699 for back pay, benefits and prejudgment interest, $441,000for attorneys' fees and employment arbitration and $156,909 forpost-arbitration fees.

Texans CU had said the $21 million was an estimation of thevalue of the unsecured claim involving Curley as the insurance CUSOunderwent restructuring after filing for Chapter 11 bankruptcy inSeptember 2009. Creditors were to be paid first with Curley listedamong unsecured creditors to be paid next. In March, Texans CU saidTexans Insurance had filed a notice of appeal of the $21 millionorder.

However, it appears the dispute may have been resolved. TexansCU Spokesman Shalissa Clary told Credit Union Times todaythat "the matters in dispute between the parties have beenconfidentially settled." She did not provide a resolution date.Neither Curley nor Alan Busch, his attorney, could be reached toconfirm if a settlement had been reached.