A lawyer whose firm allegedly failed to repay a $3.25 million loan to a litigation funding company is entitled to a new trial, the Texas Supreme Court ruled Friday.
Neither the plaintiff nor the court gave the lawyer an adequate notice that a hearing which was initially canceled due to the Covid-19 pandemic was back on the same day, the court said.
B. Gregg Price PC took out a loan from Series 1 — Virage Master LP, which Price personally guaranteed. However, after his firm failed to repay the loan, Virage sued him and the firm and moved for summary ...