Primus Pharmaceuticals, Inc. v. Glovier

Birdsong, Presiding Judge.

Primus Pharmaceuticals, Inc. appeals from a jury verdict and judgment finding in favor of Ralph Glovier in his suit claiming that Primus agreed to provide $200,000 in benefits to his estate on his death, payable out of a life insurance policy procured by Primus. Appellee Glovier initiated plans to start Primus as a company selling prescription drugs, and he served as president of the company. Through its board of directors Primus purchased a $1,000,000 “key man” life insurance policy on Glovier’s life, with Primus as beneficiary. According to Glovier, part of his…