RICHARDSON, Texas — With two more legal actions filed against Texans Credit Union this month, the financial institution is not offering any comment on the suits.

“While we are disappointed that your readers may only be exposed to one side of the case, it is our policy to not make public comments on ongoing legal matters,” said Matt Davis, executive vice president at $1.8 billion Texans CU.

Richard M. Boyd, the real estate investor who bought the majority share of Texans Commercial Capital in 2007, filed a suit on Oct. 8 against Texans CU to recoup between $5 million-$10 million for allegedly breaching a contract involving branch leases.

Earlier this week, attorneys for Kevin Curley, the former president of Texans Insurance Group who was terminated in April 2007, filed a new legal action against the CUSO and the CU for violating a July arbitration ruling that was supposed to reinstate Curley.

On Sept. 22, a jury ruled that three former executives with Texans Commercial Capital were wrongly terminated in 2006. Former Texans Commercial President/CEO John C. O'Shea, Paul J. Valdez, former senior vice president/CFO, and Joel B. Fox, former executive vice president/COO, were fired in a convoluted case involving defamatory statements, discussions of a bank conversion, a possible sale of Texans Commercial to a larger CU and unpaid compensation packages, according to the executives' attorneys.