NORTHERN AND WESTERN INS. v. SENTINEL INV.

No. 01-12-00847-CV.

419 S.W.3d 534 (2013)

NORTHERN AND WESTERN INSURANCE COMPANY LTD., Appellant v. SENTINEL INVESTMENT GROUP, LLC, Appellee.

Court of Appeals of Texas, Houston (1st Dist.).

Rehearing Overruled February 6, 2014.


Attorney(s) appearing for the Case

Levon G. Hovnatanian,   Robert T. Owen,   Ruth A. Brenton,   Christopher W. Martin, Martin, Disiere, Jefferson & Widsom L.L.P., Barnet B. Skelton, Jr., Barnet B. Skelton, Jr., P.C., Houston, TX, for Appellant.

William R. Peterson,   Russell S. Post,   Eric J.R. Nichols,   Jennifer Pratchett Price, Beck, Redden & Secrest, L.L.P., Houston, TX, for Appellee.

Panel consists of Chief Justice RADACK and Justices BLAND and HUDDLE.


OPINION

JANE BLAND, Justice.

Sentinel Investment Group, L.L.C., is a small investment group funded by four individuals. Lured by an investment program that promised regular payment of substantial profits and a guaranteed return of Sentinel's $1.5 million in investment principal, Sentinel entered into a Private Placement Agreement (agreement) with Fundación Vamos Panama (FVP). FVP procured a surety bond from Northern & Western as security for Sentinel...

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