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Peyton Healey of Powers Taylor, LLP Part of $98 Million Bank Fraud Verdict
[December 15, 2017]

Peyton Healey of Powers Taylor, LLP Part of $98 Million Bank Fraud Verdict


Powers Taylor, LLP congratulates Partner Peyton Healey and Co-Lead Counsel Derrick Boyd of Boyd Powers & Williamson on their $98 million verdict on December 13, 2017 against BBVA Compass (News - Alert) Bank and one of the bank's officers in a banking fraud case. The allegations centered around BBVA Compass' misrepresentations to Texas real estate developer David Bagwell and his companies about whether BBVA Compass intended to sell his real estate loans to a company owned by Toll Brothers, one of Mr. Bagwell's competitors.

The Plaintiffs in the cae claimed that the bank lied and told them that the bank did not intend to sell or transfer the real estate notes, which prevented Mr. Bagwell and his companies from obtaining new financing for the loans to move forward with his real estate development projects. When the bank sold the real estate notes, Mr. Bagwell's competitor quickly foreclosed upon the real estate developments, resulting in millions of dollars of loss to Mr. Bagwell and his companies. At the conclusion of the week-long trial, the jury unanimously awarded the plaintiffs just over $98 million, including $40 million in exemplary damages.



Powers Taylor LLP is a boutique litigation law firm located in Dallas, Texas. The firm has successfully handled a variety of similar cases involving medical malpractice. The attorneys at Powers Taylor have a wealth of experience and will fight for your rights. For more information about Powers Taylor or it's attorneys, visit the firm's website at www.powerstaylor.com.



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