Maxey v. Texas Commerce Bank of Lubbock

ROBINSON, Chief Justice.

This suit was brought by plaintiffs Homer G. Maxey and wife, Melba Maxey, William Goodacre and wife, Glendell Goodacre, and Tommy Elliott and wife, Carla Jean Elliott, against Texas Commerce Bank of Lubbock, Texas (formerly Citizens National Bank of Lubbock), alleging that the Bank failed to exercise good faith in a private foreclosure sale of stock in plaintiffs’ closely held corporations. The jury returned a verdict for plaintiffs. Both parties appeal from the judgment entered by the trial court. 1 Reversed and remanded.

Plaintiffs went to trial on their Sixth Amended…