First State Bank & Trust Co. of Rio Grande City v. Colpaugh

CADENA, Justice.

This is a plea of privilege case in which plaintiffs, First State Bank & Trust Company of Rio Grande City and Clinton Manges, assail the order of the trial court granting the individual pleas of privilege of the four defendants, William J. Col-paugh, Kenneth Hearn, Sam Perkins and Woodrow Mann.

Plaintiff’s petition sought recovery against defendants of $147,086.80, essentially because of fraud perpetrated on Frank Anderson, the chief executive officer of plaintiff, First State Bank & Trust Company of Rio Grande City (plaintiff bank), by reason of which fraud and conspiracy…