Myers v. Walker
Texas Court of Appeals, 11th District (Eastland)
1Opinion of the Court
Opinion
ARNOT, Chief Justice.
This appeal involves a claim for fraud arising from Harry K. Myers’ breach of a settlement agreement. After a bench trial, the trial court entered judgment against Myers for actual damages of $510,000 and exemplary damages of $660,000. We affirm.
Background Facts
Emory Walker, a pharmacist, had a qualified individual retirement account with Merrill Lynch. At the solicitation of Myers, Walker took $200,000, which was approximately two-thirds of his total savings, from his IRA and invested in Insured Medical Claims, Ltd. (IMC). With this investment, “Emory Walker —…
2Cases cited16 opinions
- In Re King's EstateTexas Supreme Court · 1951
- Merrell Dow Pharmaceuticals, Inc. v. HavnerTexas Supreme Court · 1997
- Pool v. Ford Motor Co.Texas Supreme Court · 1986
- Formosa Plastics Corp. USA v. Presidio Engineers and Contractors, Inc.Texas Supreme Court · 1998
- Transportation Insurance Co. v. MorielTexas Supreme Court · 1994
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- Chase Manhattan Mortgage Corp. v. Cook, Texas Court of Appeals, 11th District (Eastland)2004
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