Provost Umphrey: $118 Million Verdict Against First National Bank and Conroe Area Lawyer

Defendants found guilty of Fraud, Breach of Contract, Conversion and Breach of Fiduciary Duty

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Jul 12, 2012, 04:45 ET

HOUSTON, July 12, 2012 /PRNewswire/ -- A Harris County State District Court jury awarded a $118 million verdict to six investors that were defrauded by First National Bank of Edinburg, Conroe attorney Eric Yollick and a healthcare management group (Cause #2010-41034). Members of the jury found that First National Bank, Eric Yollick and the Merensky Reef Hospital Corporation breached their written agreement and committed fraud when the Defendants wrongfully conspired to take possession of three hospitals purchased by the investor plaintiffs.

Zona Jones of the Provost Umphrey Law Firm says, "The jury found this financial institution and their lawyer enticed our clients to enter into a written agreement that the Defendants never intended to honor." Co-lead counsel, Mike McCauley of McWhorter, Cobb and Johnson in Lubbock commented "The jury listened intently during the five-week trial and held these defendants accountable for intentionally breaking the law."

In addition to Jones and McCauley, Plaintiffs were represented by, Tim Pridmore and Andrew Seger of the McWhorter firm, along with Pat Zummo of The Law Offices of Patrick Zummo. Marc Tabolsky and Dori K. Goldberg of Yetter Coleman in Houston also assisted in the prosecution of Plaintiff's case.

Defendants were represented by Eric Yollick and Travis Owens of the Yollick Law Firm, Levi Benton of Benton and Massey in Houston, and former Texas Supreme Court Justice, Scott A. Brister of Andrews Kurth.

For more than forty years, Provost Umphrey's mission has remained to seek justice for those suffering from a personal injury, wrongful death or other legal wrong across Texas and nationwide through their lawyers in Beaumont and Houston, Little Rock, Arkansas and Nashville, Tennessee.

www.provostumphrey.com

SOURCE Provost Umphrey Law Firm