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Case Style: Steve Rouse v. Texas Capital Bank, N.A.
Case Number: CJ-2010-0050
Judge: Jana Kay Wallas
Court: District Court, Choctaw County, Oklahoma
Plaintiff's Attorney: Doug Stall, Stall Law Firm, Tulsa, Oklahoma; Jim Branum, Newcastle, Oklahoma; Larry G. Ball and Seth A. Day
Defendant's Attorney: Colin G. Martin, Mike Calhoun, Tommy Davis, Ann Allsion, Nathan Clerk
Description: Steve Rouse sued Texas Capital Bank on a commercial tort theory. Plaintiff guaranteed a loan made by Defendant to TriCounty Autoplex. He later sold his interest in the company but was kept on the guarantee on the note. He claimed that the new owners began to engage in illegal activities. When the defaulted, Defendant demanded that Plaintiff pay what was due. Plaintiff claimed that the Bank knew that TriCounty Autoplex was acting inappropriately and did nothing.
The claims made and defenses asserted are not available.
Outcome: Plaintiff's verdict for $64.5 million.