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TEXAS COMMERCE BANK, N.A. v. GRIZZLE

No. 01-0211.

96 S.W.3d 240 (2002)

TEXAS COMMERCE BANK, N.A., and Texas Commerce Equity Holdings, Inc., Petitioners, v. Linda GRIZZLE, as next friend of Brentley G. Grizzle, a minor, et al., Respondents.

Supreme Court of Texas.

Decided December 31, 2002.

Rehearing Denied February 27, 2003.

Attorney(s) appearing for the Case

Robert B. Gilbreath, Charles A. Gall, Timothy J. Goodwin, Jenkins & Gilchrist, Barbara M.G. Lynn, Brett David Kutnick, Jeffrey S. Levinger, Carrington Coleman Sloman & Blumenthal, Leslie Mariam El-Hakam, George M. Kryder, III, Vinson & Elkins, Dallas, for Petitioner.

Christina Gratke Nason, Arlington, R. Michael Northrup, Julia F. Pendery, Shawn Malcolm, Godwin Gruber, P.C., Andrea M. Kuntzman, John Mathias Sjovall, Cowles & Thompson, Dallas, B. Michael Bennett, Bentonville, AR, Charles M. Hunt, Martha J. Hardwick, Christopher H. Rentzel, Bracewell & Patterson, Dallas, for Respondent.

Justice ENOCH delivered the opinion of the Court.

In this putative class action, The Frost National Bank ("Frost"), Texas Commerce Bank, N.A. ("TCB"), and their respective parent corporations, defendants in the trial court, challenge that part of the court of appeals' judgment reversing the trial court's summary judgment rendered in their favor. The court of appeals held that a trust instrument's exculpatory clause cannot, as a matter of public policy, exonerate Frost...

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