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BBVA Receives Holiday Gift From Dallas Appellate Court: The Decision Includes Guidance for Private Company Owners | Winstead PC

BBVA Receives Holiday Gift From Dallas Appellate Court: The Decision Includes Guidance for Private Company Owners | Winstead PC
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United States , Interested Party Transactions , Dallas Court , Power To Amend Company Governance , Amend Company Governance , ஒன்றுபட்டது மாநிலங்களில் , ஆர்வம் கட்சி பரிவர்த்தனைகள் , டல்லாஸ் நீதிமன்றம் , பவர் க்கு திருத்து நிறுவனம் ஆளுகை , திருத்து நிறுவனம் ஆளுகை ,

Dallas Appeals Ct Overturns BBVA Commercial Borrower Fraud Finding

Monday, December 21, 2020
Last week, the Dallas Court of Appeals overturned a $98 million trial court judgment, which was based on a jury finding that BBVA had defrauded one of its commercial borrowers.
[1]
See BBVA Compass, et al. v. Bagwell, et al., Dallas App. Ct., No. 05-18-00860, December 14, 2020). The appellate court concluded the jury’s verdict had to be reversed because, as a matter of law, BBVA’s borrower could not have justifiably relied on allegedly false statements that had been made to the borrower by a representative of the bank. The Court’s holding and its focus on the element of “justifiable reliance” as a contractual defense to a fraud claim provides valuable guidance for private company majority owners in regard to their relationship with their minority business partners. ....

United States , Interested Party Transactions , Dallas Court , Power To Amend Company Governance , Amend Company Governance , ஒன்றுபட்டது மாநிலங்களில் , ஆர்வம் கட்சி பரிவர்த்தனைகள் , டல்லாஸ் நீதிமன்றம் , பவர் க்கு திருத்து நிறுவனம் ஆளுகை , திருத்து நிறுவனம் ஆளுகை ,