DALLAS — An arbitrator has ruled that Texans CUSO Insurance Group, a subsidiary of $2 billion Texans Credit Union, did not have reasonable or justifiable cause to terminate Kevin M. Curley, and has ruled that he is entitled to his job back with back pay and benefits.
In January 2007, Texans CU bought Curley Insurance Group LLC, an umbrella of several companies, from Curley for $19 million. Per an employment agreement, Curley was to continue working with the new CUSO from Jan. 1, 2007 to Dec. 31, 2009, according to the July 8 final award arbitration hearing letter.
A clause that would limit Texans Insurance from terminating him before the employment agreement ended was included. The CUSO listed several circumstances upon which Curley could be fired including willful or negligent conduct harmful to the company and participation in felony acts.
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