Rosenthal v. Texas Bank & Trust Co.

McCLOUD, Chief Justice.

Plaintiff, Texas Bank & Trust Company, the Successor Trustee of the Employee Profit-Sharing Plan and Trust Agreement of Samuels and Company, Inc., sued defendants, Sam M. Rosenthal, Rube Rosen-thal, Max L. Tobolowsky, Steve Aaron and Joe Golman, former trustees of the Plan and Trust, alleging the defendants were liable to the Plan and Trust because of a $150,000 loan made by the Plan and Trust to Samuels and Company on or about March 20, 1969, when the defendants were serving as trustees of the Plan and Trust. At the close of the evidence all defendants filed motions…