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Calling Claims Baseless, Texans Credit Union Vows to Fight Off Another CRE Suit

Green Hills Development Company LLC and Heartland Development Company LLC filed suit against CU Liquidity Services LLC, formerly known as Texans Commercial Capital LLC.

By Michelle A. Samaad | Updated on November 09, 2010

Green Hills Development Company LLC and Heartland Development Company LLC filed suit against CU Liquidity Services LLC, formerly known as Texans Commercial Capital LLC. The plaintiffs said TCU and the CUSO allegedly delayed funding for a real estate project, which resulted in them having to secure capital elsewhere. The plaintiffs claimed the delay masked TCU and CULS’ attempts to collect fees and commissions without ever intending to fund the project.

“CULS and TCU are vigorously defending themselves against the allegations in the lawsuit, which are baseless and without merit,” Lisa Krenek, TCU director of marketing, told Credit Union Times.

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