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...
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