Big Law

Commerce Street Capital Recovers $6.5M in Breach by First United Bank

A Dallas jury found that First United and Durant Bank Corp. failed to comply with a contract for investment banking services relating to a $450 million transaction where Durant Bank Corp. acquired American Bank of Texas in 2016.

The jury ordered that Greg Massey’s company to pay Commerce Street $4.6 million in actual damages and $1 million in compensatory damages. Judge Hoffman, in his final judgment tacked on an additional $975,000 to compensate Commerce Street attorneys’ fees and prejudgment interest.

Read the source article on Business Wire

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