Texas Jury Hands Down $118M Verdict In Hospital Investor Suit

Law360, New York (July 12, 2012, 10:51 PM EDT) -- A Texas state jury on Wednesday delivered a $118 million verdict against a Texas attorney, First National Bank of Edinburg and a health care management group in an investor suit accusing them of conspiring to take over three Texas hospitals the investors had purchased in 2009.

After a five-week trial, the jury found that Eric Yollick of Magnolia, Texas-based Yollick Law Firm; First National Bank; and Merensky Reef Hospital Corp. had breached their written agreement with six investors who had bought ownership interests in hospitals in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.