DALLAS–(BUSINESS WIRE)–Dallas-based law firm Kennedy Law, P.C. announced that it won a final judgment for $6.5 million for Commerce Street Capital against First United Bank & Trust Company and Durant Bank Corp. for breaching an investment banking agreement. The final judgment, entered by Judge Martin J. Hoffman on February 22, 2019, follows a unanimous jury verdict handed-down on October 22, 2018. The Dallas jury found that First United and Durant Bank Corp. failed to comply with a contract for investment banking services relating to a $450 million transaction where Durant Bank Corp. acquired American Bank of Texas in 2016.
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