Amegy Bank, Very Concerned About The Health Of Its Employees

A ghoulish lawsuit filed against Amegy Bank just got a little, uh, ghoulisher.

In February, the Chron brought us the story of Irma Johnson, who sued Amegy after finding out the bank took out a life insurance policy on her ill husband, a bank employee, in 2001. After brain surgery to partially remove a tumor left him unable to fully function, the suit alleges, Amegy secretly took out a $1.5 million life insurance policy on him. When his work continued to suffer, the suit alleges, the bank gave him poor performance reviews and then asked him to sign off on the policy. Then Amegy fired him. Johnson died in 2008.

But that's not all: Johnson's attorney, Mike Myers (not to be confused with the serial killer from the "Halloween" franchise) told Hair Balls that, during the discovery process, he found out that Amegy had allegedly taken out two policies on Johnson. Thus, with the second, alleged $3.1 million policy, the amended suit says Amegy made $4.79 million off a dead employee.

According to the suit, Daniel Johnson "was having difficulty speaking, walking and conducting his affairs," when the bank asked him to sign the insurance papers. Moreover, "the bank knew all of the details relating to Dan's medical condition at the time" and, ultimately, "all agreements between the bank and Dan that occurred after his mental decline should therefore be invalidated, because Dan lacked the capacity to make them."

We must note here that the only reason Irma Johnson found out about the policies was because the first check after his death, which was supposed to go straight to Amegy, was accidentally delivered to her home.

Hair Balls has left messages for Amegy's attorney and spokeswoman, and we'll let you know what they have to say if and when they call back. But in the meantime, you might want to keep an eye on your boss...

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Contributor Craig Malisow covers crooks, quacks, animal abusers, elected officials, and other assorted people for the Houston Press.
Contact: Craig Malisow