Gary Kirkindoll, the former CEO of Texans Insurance Group, issuing Texans Credit Union to collect $1.89 million through adeferred compensation plan.
|According to Kirkindoll's lawsuit, he has not received fundsfrom the deferred compensation plan since leaving the $1.6 billionTexans CU on May 23, a media report noted.
|In addition to an alleged breach of contract, Kirkindoll issuing for negligent misrepresentation, fraudulentmisrepresentation, breach of fiduciary duty and fraudulentinducement.
|Kirkindoll had been the CEO of Texans Insurance Group sinceJanuary 2007. He has served in severalcapacities at Texans CU over the past six years.
|Texans Insurance Group was previously involved in a separatewrongful termination dispute involving its formerpresident, Kevin Curley. The credit union settledthe case in June 2010.
|The NCUA placed Texans CU in conservatorship April 15.
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