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INSURANCE CO. OF NORTH AMERICA. v. MORRIS

No. 96-1039.

981 S.W.2d 667 (1998)

INSURANCE COMPANY OF NORTH AMERICA and Waite Hill Services, Inc., Petitioners, v. John W. MORRIS, et al., Respondents.

Supreme Court of Texas.

Decided July 14, 1998.

Attorney(s) appearing for the Case

David C. Mattka, Mark M. Donheiser, Dallas, for petitioners.

Andrew R. Harvin, James E. Doyle, Stephen H. Lee, Houston, for respondents.

GONZALEZ, Justice delivered the opinion of the Court, in which PHILLIPS, Chief Justice, ENOCH, SPECTOR, BAKER, ABBOTT and HANKINSON, Justices, joined.

This surety bond case involves issues of agency, fraud, conspiracy, state securities act violations, DTPA, and duty of good faith and fair dealing. An insurance company issued bonds to guarantee some investors' loan commitments made in connection with leveraged purchases of limited partnership interests in oil and gas...

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