Alcantar v. Oklahoma National Bank

OPINION

DAUPHINOT, Justice.

Introduction and Procedural History

Paty Lou Alcantar appeals from the trial court’s enforcement of an alleged oral settlement agreement between Alcantar and Oklahoma National Bank (the Bank). Because we conclude the trial court erred in enforcing the settlement agreement, we reverse the trial court’s judgment.

The underlying case began as an inter-pleader action. Peavy & Peavy, L.L.P. (Peavy), a Texas law firm, represented Alcantar in an unrelated suit involving an automobile collision. That suit settled, and the settlement proceeds were deposited into Peavy’s trust…