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Civil Litigation Click here for the full text of this decision FACTS:Roe Ann Shands contracted with Texas State Bank to act as her agent in managing the assets of her deceased husband’s estate. The agreement allowed Shands to direct the bank’s management at any time. The bank maintained a fairly consistent ratio of municipal bonds and stocks, but after Shands moved her account to a new financial institution, she filed suit complaining that the bank had not protected her interest by failing to invest more aggressively. She also complained that the bank had not ascertained her investment objectives or needs. The bank knew she was an unsophisticated investor, her suit alleged, and the bank did not make her aware of available investment options. The bank filed for summary judgment, and the trial court granted the motion on three of the seven grounds alleged. HOLDING:Affirmed. The court confirms that as Shands’ agent, the bank owed her a high duty of good faith, fair dealing, honest performance and strict accountability. However, there was no evidence that the bank acted in any way that resulted in legally compensable damages. Shands’ testimony itself acknowledged she always had money when she needed it and that what really made her unhappy was that a bank agent had taken some papers of hers and not returned them. OPINION:Green, J.; Stone, Green and Duncan, JJ.

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