Simmons v. Compania Financiera Libano, S.A.

OPINION

O’CONNOR, Justice.

After a bench trial, the plaintiffs, Compa-ñía Financiera Líbano, S.A. (CFL) and Armando Fong Najarro (Fong), were awarded a judgment of $1,153,274.40, prejudgment interest of $320,907.40, postjudgment interest, and costs against the defendant, William H. Simmons. We affirm.

Fact summary

The defendant, as sole obligor, executed two commercial notes and security agreements made in favor of First Federal Savings and Loan Association of Nacogdoches (First Federal). The principal amount of the first note was $760,850.20; the principal amount of the second was $392,424.20.…