Provost Umphrey Law Firm: $65 Million Judgment Against First National Bank Edinburg
On Wednesday, November 26, 2012, 281st State District Court Judge Sylvia Matthews entered a judgment in the amount of $65,884,838.70 against First National Bank of Edinburg and the Merensky Reef Hospital Corporation.
HOUSTON, TX, December 05, 2012
On Wednesday, November 26, 2012, 281st State District Court Judge Sylvia Matthews entered a judgment in the amount of $65,884,838.70 against First National Bank of Edinburg and the Merensky Reef Hospital Corporation (Cause #2010-41034) in favor of six investors that were defrauded by the financial institution and healthcare management company.Judge Matthew's decision follows the conclusion of a five-week jury trial that culminated in a unanimous verdict against First National Bank Edinburg, Merensky Reef Hospital Corporation and Conroe area attorney Eric Yollick wherein the jury found these Defendants committed fraud when they wrongfully conspired to take possession of three hospitals purchased by the investor Plaintiffs.
Plaintiffs were represented by:
Mike McCauley, Tim Pridmore and Andrew Seger of McWhorter, Cobb & Johnson in Lubbock, Texas;
Zona Jones of Provost Umphrey Law Firm LLP in Beaumont, TX; and
Pat Zummo of The Law Offices of Patrick Zummo in Houston, TX.
For more than forty years, Provost Umphrey's mission has remained to seek justice for those suffering from a personal injury, wrongful death or other legal wrong across Texas and nationwide through their lawyers in Beaumont and Houston, Little Rock, Arkansas and Nashville, Tennessee.
http://www.provostumphrey.com