Camille Cooper, Robert Nevarez, the Orsalo Group, LLC, Larry Cook, and 5th Avenue Acquisitions & Venture Capitalists, LLC v. TCH Altera AHCC, LLC

CourtCourt of Appeals of Texas
DecidedAugust 7, 2024
Docket05-22-01295-CV
StatusPublished

This text of Camille Cooper, Robert Nevarez, the Orsalo Group, LLC, Larry Cook, and 5th Avenue Acquisitions & Venture Capitalists, LLC v. TCH Altera AHCC, LLC (Camille Cooper, Robert Nevarez, the Orsalo Group, LLC, Larry Cook, and 5th Avenue Acquisitions & Venture Capitalists, LLC v. TCH Altera AHCC, LLC) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Camille Cooper, Robert Nevarez, the Orsalo Group, LLC, Larry Cook, and 5th Avenue Acquisitions & Venture Capitalists, LLC v. TCH Altera AHCC, LLC, (Tex. Ct. App. 2024).

Opinion

AFFIRMED and Opinion Filed August 7, 2024

S In The Court of Appeals Fifth District of Texas at Dallas No. 05-22-01295-CV

CAMILLE COOPER, ROBERT NEVAREZ, THE ORSALO GROUP, LLC, LARRY COOK, AND 5TH AVENUE ACQUISITIONS & VENTURE CAPITALISTS, LLC, Appellants V. TCH ALTERA AHCC, LLC, Appellee

On Appeal from the 471st Judicial District Court Collin County, Texas Trial Court Cause No. 471-06464-2018

MEMORANDUM OPINION

Before Justices Reichek, Goldstein, and Garcia Opinion by Justice Garcia

After appellee TCH Altera AHCC, LLC (“Altera”) obtained a loan for the

building of a convention center in Allen, Texas, appellants demanded that Altera pay

them a broker’s fee. Altera sued appellants for declaratory judgment, and appellants

counterclaimed for the fee. Altera prevailed on summary judgment, and appellants

appealed. We affirm. I. BACKGROUND

A. Factual Allegations

We draw these factual allegations from the parties’ live pleadings unless

otherwise indicated.

1. The Parties and Others Involved in the Controversy

Altera alleged that it is a Dallas-based Texas limited liability company in the

business of real-estate development and management.

Appellants alleged that appellants 5th Avenue Acquisitions & Venture

Capitalists, LLC and The Orsalo Group, LLC are commercial loan and finance

brokers. Appellant Larry Cook is 5th Avenue’s principal. Appellants Camille

Cooper and Robert Nevarez are Orsalo’s principals.

Two other participants in the underlying events should be mentioned. One is

Dipika Patel, who allegedly engaged in conversations with 5th Avenue and Orsalo

about obtaining funding for construction projects in Texas. Altera alleged that Patel

engaged in these conversations without Altera’s authorization. Appellants, on the

other hand, claim that Patel acted with Altera’s actual or apparent authority.

The other participant is Terry Quinn. According to Quinn’s summary-

judgment affidavit, he is the CEO of Altera Development Company, LLC, which in

turn is a member of appellee Altera. Appellants alleged that Quinn dealt directly

with appellant Cooper in the course of the events underlying this lawsuit. Appellants

–2– also adduced evidence that Quinn is a principal in a company called Avison Young

that ultimately received a broker’s fee on the loan at the center of this dispute.

2. Altera’s Allegations

Altera alleged the following facts.

In 2015, Altera planned to develop a hotel, parking garage, and convention

center in Allen, Texas, and it sought financing for this “Allen Project.” Dipika Patel

proposed to become involved in the Allen Project through a company called Hayden

Holdings, LLC. Unbeknownst to Altera, Patel began having conversations about

funding the Allen Project with appellants Orsalo and 5th Avenue. In early 2016,

Hayden Holdings and 5th Avenue executed a financial-consulting agreement and an

addendum that together provided for a 1% fee on the total funding amount if Hayden

Holdings secured financing for the Allen Project due to 5th Avenue’s efforts. But

the agreement and the addendum did not mention Altera and were not executed by

Altera.

Later, appellant Cooper submitted a funding package about the Allen Project

to Texas State Bank. Altera found out about this submission through its own contacts

at the bank, and it then contacted Cooper and learned about Patel’s involvement with

5th Avenue and Orsalo. Cooper did not mention the agreement and addendum.

Altera did not authorize Orsalo to continue submitting financial packets to lenders,

nor did Altera enter a written agreement with Orsalo. Nevertheless, and without

–3– Altera’s knowledge, in May 2016 Orsalo submitted a financing package to IBC Bank

on Altera’s behalf. IBC Bank never considered this submission.

In or around April 2017, Altera secured funding from IBC Bank through

Altera’s own separate and substantially different package.

In July 2017, appellants sent Altera a demand letter for a $910,000 fee based

on the agreement and addendum. Altera denied that it owed any fee.

3. Appellants’ Allegations

Appellants alleged the following facts in support of their counterclaims.

In January 2016, appellant Cook met with Dipika Patel and with “Kerry R.

Burden of Altera Development” about the Allen Project. 5th Avenue and Hayden

Holdings executed a financial-consulting agreement in February 2016 and an

addendum to that agreement in March 2016.

Appellant Cooper submitted a funding package about the Allen Project to

Texas Capital Bank, and in May 2016 Terry Quinn contacted Cooper to inquire how

she was involved. Cooper said she was working with 5th Avenue and Patel on the

Allen Project, and Quinn thanked her and asked her for a copy of the funding

package. He also sent Cooper additional information to use in future loan packages

to funding institutions. Cooper in turn sent Quinn documents, some of which listed

Patel “as a partner to Altera.”

Also in May 2016, appellants sent a funding package to IBC Bank. Around

this time, Cooper and Patel had “numerous communications” relating to potential

–4– IBC Bank funding. In June 2016, Quinn told Cooper that he was concerned about

Patel’s professionalism and that he wanted to deal directly with Cooper from then

on. Cooper, on behalf of Orsalo, and Quinn, on behalf of “Altera Development

Company, LLC,” signed a confidentiality agreement regarding the Allen Project.

In April 2017, Patel informed Cooper that ground had just been broken on

hotel construction and that IBC Bank was the lender on the project.

B. Procedural History

In December 2018, Altera sued appellants for declaratory relief directed

largely at establishing that Altera was not liable to appellants.

Appellants answered. In August 2019, they filed counterclaims against Altera

on theories including breach of contract, tortious interference with contract, and

fraud. In February 2022, appellants filed a third-party claim against Terry Quinn.

In April 2022, Altera and Quinn filed a joint motion for partial summary

judgment that addressed most of the issues in the case. Appellants filed a summary-

judgment response, and Altera filed a reply.

In May 2022, the trial judge severed out appellants’ third-party claims against

Quinn and maintained the then-current trial setting of June 6, 2022.

The trial did not go forward, and in August 2022 the trial judge signed an

order that granted Altera’s motion for partial summary judgment but did not award

any specific declaratory relief.

–5– In September 2022, Altera filed a summary-judgment motion on the issue of

its attorneys’ fees and costs. On November 15, 2022, the trial judge signed an order

that granted Altera’s motion and awarded Altera fees and costs.

Within thirty days after the trial judge signed the November 15 order,

appellants filed a notice of appeal, and Altera filed a motion for entry of an amended

final judgment.

On February 8, 2023, the trial judge signed a document entitled Amended

Final Judgment. This judgment recites the specific declaratory relief awarded to

Altera, contains the awards of attorneys’ fees and costs, and includes finality

language. We summarize the declaratory relief granted as follows:

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Camille Cooper, Robert Nevarez, the Orsalo Group, LLC, Larry Cook, and 5th Avenue Acquisitions & Venture Capitalists, LLC v. TCH Altera AHCC, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/camille-cooper-robert-nevarez-the-orsalo-group-llc-larry-cook-and-5th-texapp-2024.