HOUSTON - First City Bancorporation of Texas said it has settled a lawsuit filed against it by the Coca family of Spain.

The troubled Texas holding company said it will receive certain assets from the family in exchange for releasing the Cocas from liability to repay a $140 million loan.

The suit, filed in late March, sought $1.19 billion in damages and had been considered an impediment to a federally backed rescue of First City.

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