Corpus Christi National Bank v. John H. Garner, and Wife, Lanelle H. Garner

CourtCourt of Appeals of Texas
DecidedOctober 10, 2002
Docket13-01-00005-CV
StatusPublished

This text of Corpus Christi National Bank v. John H. Garner, and Wife, Lanelle H. Garner (Corpus Christi National Bank v. John H. Garner, and Wife, Lanelle H. Garner) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Corpus Christi National Bank v. John H. Garner, and Wife, Lanelle H. Garner, (Tex. Ct. App. 2002).

Opinion

                                   NUMBER 13-01-005-CV

                             COURT OF APPEALS

                   THIRTEENTH DISTRICT OF TEXAS

                                CORPUS CHRISTI

___________________________________________________________________

CORPUS CHRISTI NATIONAL BANK,                                      Appellant,

                                                   v.

JOHN H. GARNER, AND WIFE,

LANELLE H. GARNER,                                                           Appellees.

___________________________________________________________________

                        On appeal from the 214th District Court

                                  of Nueces County, Texas.

__________________________________________________________________

                                   O P I N I O N

        Before Chief Justice Valdez and Justices Dorsey and Rodriguez

                                Opinion by Justice Rodriguez


          This is an appeal from a judgment entered in favor of appellees, John H. Garner and Lanelle H. Garner, against appellant, Corpus Christi National Bank (the Bank), on appellees= negligent misrepresentation claim.  By four issues, appellant contends:  (1)  the claim is barred by limitations; (2) the evidence is legally and factually insufficient to support a claim for negligent misrepresentation; and, (3) the trial court erred in failing to exclude testimony of a witness.  By a cross point, appellees assert the trial court erred in refusing to submit jury questions related to the existence of an informal ERISA[1] plan and ERISA estoppel.  We reverse and render.

I.  Background

In 1974, the Bank hired John Garner as its president and chief executive officer (CEO).  In 1980, the Bank=s executive committee entered into an employment contract with Garner.  According to this 1980 commitment, Garner was to continue in the Bank=s employ, subject to health and ability to perform.  It also stated he was to be entitled to various bonuses and other benefits, including a Management Security Plan (MSP), if adopted.

Mercantile Texas Corporation (Mercantile Texas) owned the Bank when the 1980 commitment was made.  The MSP was established and, in 1983, Garner and Mercantile Texas entered into an agreement confirming Garner was eligible to participate in the MSP.  Later, Mercantile Texas became MCorp and the MSP was replaced with the MCorp Executive Security Plan (ESP).  On May 28, 1986, Garner and MCorp signed an agreement showing Garner=s participation in the ESP. 


Upon his retirement on December 1, 1986, Garner began receiving retirement benefits from the Bank, as well as a yearly fee for his continued services.  In addition, Garner received monthly ESP benefits of approximately $9,000.00.  The ESP payments continued through April 1989, when MCorp filed bankruptcy.

In 1988, when MCorp began having financial difficulties, Jerry Gates, who was the Bank=s CEO and president at that time, contacted the Office of the Comptroller of Currency (OCC) and asked if the Bank could guarantee Garner=s ESP benefits.  He was told that guaranteeing such benefits would be bad banking procedure.  The board decided in 1988 to guarantee Gates=s benefits, but not those of Garner.  Appellees assert that Gates=s 1988 alleged misrepresentation of Garner=s employment status to the OCC as that of a consultant resulted in the Bank=s denial of the guarantee of his ESP benefits.

On December 6, 1990, a meeting of the Bank=s board of directors was called to again consider Garner=s request that the Bank reimburse him for the ESP funds he had lost.  At that time, L. James Welder, the Bank=s counsel, informed the board he had spoken with Dennis Howell at the OCC.  According to the OCC, the Bank was prohibited from guaranteeing Garner=s ESP.  At that meeting, the Bank decided not to reimburse Garner for unpaid portions of the ESP benefits.


On March 20, 1992, appellees sued the Bank alleging breach of contract under the 1980 agreement because the Bank refused to pay Garner the value of the ESP benefits he had lost.  The trial court granted the Bank=s motion for summary judgment on the basis that it did not breach the 1980 commitment.  On appeal, in Garner v. Corpus Christi Nat=l Bank, 944 S.W.2d 469, 476 (Tex. App.BCorpus Christi 1997, writ denied), this Court held that the 1980 commitment was complete within itself in every material detail. 

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