Texas Commerce Bank, N.a., and Texas Commerce Equity Holdings, Inc., Petitioners v. Linda Grizzle, as Next Friend…

Summary

The Texas Supreme Court held that the Grizzle Trust’s exculpatory clause validly shields Texas Commerce Bank and Frost from liability for self‑dealing, gross negligence, bad faith, or fraud, and that the trial court properly struck the amended petitions and dismissed the putative class claims because the plaintiff lacked a live individual claim. Accordingly, the Court reversed the Court of Appeals in part and entered judgment for the banks.