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.
"The matters in dispute between the parties have been confidentially settled," wrote Texans CU spokeswoman Shalissa Clary in a June 29 e-mail to Credit Union Times. She did not provide a resolution date. Neither Curley nor Alan Busch, his attorney, returned calls to confirm if a settlement had been reached.
Curley's case goes back to January 2007 when Texans CU bought the Curley Insurance Group LLC and six other companies from him for $19 million. Curley was also entitled to a $21 million contingent right to an earn-out paid by Texans Insurance. He later filed a wrongful termination suit after he alleged he was fired without cause.
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