La Sara Grain Co. v. First National Bank of Mercedes

SPEARS, Justice.

This action concerns a bank’s liability for honoring checks with fewer than the required number of signatures, failing to follow a restrictive endorsement, and other alleged wrongful acts and deceptive trade practices which allowed an employee to embezzle funds from his employer. After a nonjury trial, the district court rendered judgment against the bank for $911,829.66; that figure included actual damages, additional damages under the Deceptive Trade Practices Act (DTPA), interest, and attorney’s fees. The court of appeals reversed the judgment of the trial court and…