Texas Capital Securities, Inc. v. Sandefer

OPINION

Opinion by

Justice WILLIAM J. CORNELIUS

(Retired).

Texas Capital Securities, Incorporated, et al., (hereafter Texas Capital), appeals the trial court’s denial of its motion to deem a liability judgment satisfied. The issue presented is whether a joint tortfea-sor is entitled to a credit for the amount of a postjudgment, bankruptcy court settlement between the plaintiff and a codefend-ant. Texas Capital asked the trial court to reduce the liability award against it by the amount of the bankruptcy settlement between the plaintiffs and one of Texas Capital’s co-defendants in the underlying…