Duperier v. Texas State Bank

OPINION

Opinion by

Justice HINOJOSA.

Appellee, Texas State Bank, (“the Bank”) on its own behalf and on behalf of certain trust customers of the Bank, sued appellants, Frank Duperier (“Duperier”), individually, and Howard, Weil, Labouisse, Friedrichs, Inc. (“Howard Weil”), alleging Texas Securities Act (“the Act”) violations and fraud. After a jury trial, the Bank elected recovery under the Act. Appellants filed this appeal after the trial court rendered judgment against them for damages and recission resulting from the Bank’s purchase of notes issued by the International Bank for Reconstruction…