A little over a year after Texans Credit Union settled a contentious wrongful termination case with the former president of its insurance CUSO, the cooperative has been hit with yet another suit with strikingly similar details.
Gary Kirkindoll, the former CEO of Texans Insurance Group, is suing the $1.6 billion Texans CU to collect $1.89 million through a deferred compensation plan. According to Kirkindoll's lawsuit filed June 30 in the 191st State District Court in Dallas, he has not received funds from the plan since leaving Texans CU on May 23, according to a July 6 Dallas Business Journal article.
In addition to an alleged breach of contract, Kirkindoll is suing for negligent misrepresentation, fraudulent misrepresentation, breach of fiduciary duty and fraudulent inducement, the publication reported.
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