Daniel Bo Ritz v. Norman T. Reynolds Law Firm

CourtCourt of Appeals of Texas
DecidedDecember 18, 2025
Docket01-23-00845-CV
StatusPublished

This text of Daniel Bo Ritz v. Norman T. Reynolds Law Firm (Daniel Bo Ritz v. Norman T. Reynolds Law Firm) 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.

Bluebook
Daniel Bo Ritz v. Norman T. Reynolds Law Firm, (Tex. Ct. App. 2025).

Opinion

Opinion issued December 18, 2025

In The

Court of Appeals For The

First District of Texas ———————————— NO. 01-23-00845-CV ——————————— DANIEL BO RITZ, Appellant V. NORMAN T. REYNOLDS LAW FIRM, Appellee

On Appeal from the 133rd District Court Harris County, Texas Trial Court Case No. 2016-09186

MEMORANDUM OPINION

This appeal arises out of efforts by Appellee Norman T. Reynolds Law Firm

(“Reynolds Firm”) to collect its legal fees for work performed for VR Holdings,

Inc. (“VRH”). The case was sent to mediation, where Appellant Daniel “Bo” Ritz,

an investment banker who had invested his clients’ funds in VRH, appeared as VRH’s corporate representative. The mediation resulted in a settlement agreement

under which the Reynolds Firm would be given stock of a company in satisfaction

of the amounts owed to it by VRH.

The Reynolds Firm never received the shares. Accordingly, it amended its

petition to add Ritz as a defendant, making various claims against him based on the

failed settlement agreement. When the case went to trial, VRH did not appear, but

Ritz did. The trial court entered what appears to be a default judgment against

VRH for the full amount of fees it allegedly owed to the Reynolds Firm, and it also

entered judgment against Ritz “in tandem and jointly” for the full amount owed by

VRH, plus fees, costs, and interest. Ritz appeals, and we affirm.

Background

The Reynolds Firm and its principal attorney, Norman T. Reynolds,

represented VRH in corporate and securities matters. Between approximately

2009 and 2014, the Reynolds Firm did substantial work for VRH in connection

with taking it public, including completing a merger with another company and

then unwinding the merger when it proved unsuccessful. Ritz was involved in

some of these transactions, helping to facilitate the merger between VRH and the

other company.

The Reynolds Firm billed VRH for this work, some of which VRH paid but

most of which it did not, leaving a balance due of approximately $260,000.

2 Although the precise amount due was disputed at trial, the Reynolds Firm’s

operative petition alleged the amount due was $259,020, and Reynolds testified at

trial that around $269,000 was “a balance after payments have been made.”

When VRH failed to pay, the Reynolds Firm brought this suit against it to

collect the amounts owed, making claims for breach of contract, suit on sworn

account, and quantum meruit. VRH filed a verified answer denying it owed the

amounts claimed. When it first filed the suit, the Reynolds Firm did not name Ritz

as a defendant.

The parties went to mediation. Reynolds attended as the representative for

the Reynolds Firm, which was also represented by counsel. VRH was represented

at the mediation by its counsel, and Ritz attended as VRH’s corporate

representative. Ritz was not a party to the case at the time of the mediation, nor

was he an employee or officer of VRH. He nevertheless attended the mediation as

VRH’s corporate representative at the request of VRH’s counsel and to try and

salvage his investments in it. According to Ritz, “[w]e had investment . . . in

[VRH]” in which “[m]y constituents had put up, I think, a hundred thousand

dollars to try and revitalize [VRH] and that was largely in jeopardy.” A judgment

against VRH “would have prohibited any availability for us to try to complete any

kind of a transaction with the load on the balance sheet of the company being over

a quarter of a million dollars,” and “there was basically no one representing the

3 company . . . [s]o I tried to have some representation for the company to reach

some reasonable outcome.” “The intent was to try to reach some sort of an

outcome which would allow capital to then be raised.”

The mediation resulted in a settlement agreement under which 300,000

shares of a company called Umed Holdings, Inc. (“Umed”) would be transferred to

the Reynolds Firm, apparently in satisfaction of the debt owed by VRH. The

parties recorded their agreement in a handwritten document entitled “Settlement

Agreement,” the first provision of which states, “Plaintiff agrees to pass hearing on

summary judgment and postpone trial date, provided defendant complies with

following agreements: A) delivers to Plaintiff a stock certificate registered in

plaintiff’s name for 300,000 shares of common stock of Umed Holdings, Inc.

(UMED Symbol), which certificate shall be free of any and all restrictions and

legends.” Counsel for both parties signed the settlement agreement. In addition,

Reynolds signed the agreement as “Plaintiff,” and Ritz signed the agreement as

“VRHD Rep.”

The details of the share transfer were disputed at trial. Reynolds testified

that Ritz represented during the mediation that he owned or controlled the 300,000

Umed shares and would personally transfer them to Reynolds. Reynolds also

testified he later verified Ritz’s ownership of the shares. But according to Ritz, he

neither owned 300,000 Umed shares nor guaranteed their transfer to Reynolds, and

4 he was not personally involved in the share transfer. Instead, “an affiliate” who

“was a friend of mine . . . had agreed under -- a settlement with VR Holdings to

contribute those shares because it was a noncash item so that VR Holdings could

then settle the case with Mr. Reynolds . . . which would have gone to the spirit of

what we were trying to accomplish which is recapping a shell company.”

It is undisputed that no Umed shares were ever transferred to the Reynolds

Firm. When the share transfer failed to materialize, the Reynolds Firm amended

its pleadings to add Ritz as a defendant in his individual capacity. In its operative

petition, the Reynolds Firm alleged that both VRH and Ritz were “indebted to

Plaintiff in the amount of $259,020.00.” It made claims against both defendants

for breach of contract, suit on sworn account, tortious interference, and quantum

meruit. And alleging that Ritz “represented that the case was settled via use of

shares that he had access to at the time of the mediation of this matter,” the

Reynolds Firm also claimed “Ritz defrauded Plaintiff, both statutorily and via

common law, breached a contract that he personally guaranteed, and defrauded the

Plaintiff.”

The case was tried to the bench in April 2022. VRH did not appear at trial.

Ritz appeared, was represented by counsel, and testified. At the conclusion of the

Reynolds Firm’s case-in-chief, Ritz moved for a directed verdict, arguing that the

Reynolds Firm failed to produce evidence on all elements of its breach-of-contract

5 claim and “any other liability theory that they have in this case.” The trial court

denied the motion. Ritz did not re-urge his directed verdict motion at the close of

the evidence.

In May 2022, prior to the entry of judgment, Ritz proposed findings of fact

and conclusions of law. The trial court did not take any action on Ritz’s proposed

findings and conclusions. The record does not reflect that Ritz ever filed a notice

of past due findings and conclusions. See TEX. R. CIV. P. 297.

On August 10, 2023, the trial court signed a final judgment. The operative

portions of the judgment state in full:

On Plaintiff Norman T. Reynolds Law Firm’s claims against Defendant VR Holdings, Inc., the Court enters judgment against Defendant and in favor of Norman T. Reynolds Law Firm.

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Daniel Bo Ritz v. Norman T. Reynolds Law Firm, Counsel Stack Legal Research, https://law.counselstack.com/opinion/daniel-bo-ritz-v-norman-t-reynolds-law-firm-texapp-2025.