Moody National Bank v. Texas City Development Ltd.

OPINION

JENNINGS, Justice.

Appellant, Moody National Bank, challenges a damages award based on the jury’s finding that the bank was negligent when it erroneously informed the parties it had not received a wire transfer of funds. We are asked to determine whether this funds transfer gone awry fell within the scope of Article 4A of the Texas Business and Commerce Code, 1 thus preempting a common law negligence claim. We conclude that it does, and we reverse.

Appellee/cross-appellant Texas City Development Ltd., Co. (TCD) contends the trial court erred in rendering a directed verdict on its…