WC 4th and Rio Grande, LP v. La Zona Rio, LLC

CourtCourt of Appeals of Texas
DecidedMarch 15, 2024
Docket08-22-00073-CV
StatusPublished

This text of WC 4th and Rio Grande, LP v. La Zona Rio, LLC (WC 4th and Rio Grande, LP v. La Zona Rio, 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.

Bluebook
WC 4th and Rio Grande, LP v. La Zona Rio, LLC, (Tex. Ct. App. 2024).

Opinion

COURT OF APPEALS EIGHTH DISTRICT OF TEXAS EL PASO, TEXAS

WC 4TH AND RIO GRANDE, LP, § No. 08-22-00073-CV

Appellant, § Appeal from the

v. § 345th Judicial District Court

LA ZONA RIO, LLC, § of Travis County, Texas

Appellee. § (TC#D-1-GN-20-007177)

SUBSTITUTE MEMORANDUM OPINION

Appellant’s motion for rehearing is denied. However, we withdraw our opinion dated

May 25, 2023, and issue this opinion in its place. 1 We do the same with regard to our previously

issued opinion in a companion case, which is similarly styled, in Cause No. 08-22-00225-CV.

Here, Appellant WC 4th and Rio Grande, LP (Rio Grande, LP) sued Appellee La Zona

Rio, LLC (La Zona Rio) in a Travis County district court seeking to avoid foreclosure on a

promissory note La Zona Rio held on a building Rio Grande, LP owned (the La Zona Rio Lawsuit).

The parties agree that while the La Zona Rio Lawsuit was pending, a Harris County district court

appointed attorney Seth Kretzer (Kretzer) to collect on a judgment owed by World Class Capital

1 Two of the original panel members are divided on granting the motion for rehearing, and the third member is no longer able to participate in the case. Pursuant to TEX. R. APP. P. 49.3, Chief Justice Alley appointed himself as the third member of the panel and voted to deny the motion for rehearing and join the substituted panel opinion. Group, LLC (WCCG) and Great Value Storage, LLC (GVS) to Princeton Capital Corporation

(Princeton) in an unrelated lawsuit (the Princeton Lawsuit). Kretzer then entered an appearance in

the La Zona Rio Lawsuit stating he was “appear[ing] as counsel of record” for WCCG and its

“subsidiary,” Rio Grande, LP and “hereby replace[d] prior counsel of record for WC 4th and

Rio Grande, LP.” Kretzer then entered into a settlement agreement with La Zona Rio that

ultimately allowed Kretzer to deed the building to La Zona Rio in lieu of foreclosure for the sum

of $10. That same day, La Zona Rio’s attorney and Kretzer, again purporting to act on behalf of

Rio Grande, LP, filed a joint motion to dismiss the La Zona Rio Lawsuit with prejudice pursuant

to the agreement. Rio Grande, LP objected, contending Kretzer lacked the authority to act on its

behalf, but the trial court granted the joint motion to dismiss without ruling on Rio Grande, LP’s

objection. Thereafter, Rio Grande, LP filed a motion to reinstate and/or for a new trial, which was

overruled by operation of law. Rio Grande, LP appealed, again contending that Kretzer lacked the

authority to act on its behalf. 2 Because the trial court allowed Kretzer to act on Rio Grande, LP’s

behalf without determining if he had the authority to do so, we reverse the trial court’s judgment

and remand for further proceedings to consider this issue.

FACTUAL BACKGROUND A. Rio Grande, LP’s breach of contract claim against La Zona Rio

The La Zona Rio Lawsuit stems from a $4.25 million loan Rio Grande, LP obtained from

La Zona Rio’s predecessor-in-interest in July 2014. The loan terms were reflected in a promissory

note, which was secured by a building owned by Rio Grande, LP at the corner of West 4th Street

and Rio Grande Street in downtown Austin (the Building). Significant to this appeal, local real

2 This case was transferred from our sister court in Austin. We decide it in accordance with the precedent of that court to the extent required by TEX. R. APP. P. 41.3.

2 estate developer Natin Paul (Paul) signed the promissory note on behalf of Rio Grande, LP as the

president of WC 4th and Rio Grande GP, LLC—Rio Grande, LP’s general partner. After

Rio Grande, LP defaulted on the note, La Zona Rio initiated foreclosure proceedings.

Rio Grande, LP attempted to pay off the amount owed on the note, but La Zona Rio rebuffed its

attempts. Rio Grande, LP then filed a lawsuit in a Travis County district court claiming La Zona

Rio was in breach of contract and further seeking a declaratory judgment regarding its right to pay

off the note under the parties’ loan agreement.

B. The Harris County district court’s receivership order

Kretzer based his authority to act on Rio Grande, LP’s behalf in the La Zona Rio Lawsuit

on his status as the receiver in the Princeton Lawsuit. The background facts leading to his

appointment as receiver are set forth in our sister court’s opinion in Great Value Storage, LLC v.

Princeton Capital Corp., No. 01-21-00284-CV, 2023 WL 3010773, at *1 (Tex. App.—Houston

[1st Dist.] Apr. 20, 2023, pet. granted) review granted, opinion vacated as moot (March 8, 2024)

(judgment only). 3 Below are the salient facts from that opinion and the record before us.

In July 2012, GVS and WCCG entered into a Note Purchase Agreement (NPA) with

Capital Point Partners II, L.P. (Capital Point), the predecessor-in-interest to Princeton. Id. at *1.

Natin Paul was the sole member and manager of both WCCG and GVS. Id. Under the NPA, GVS

3 The Texas Supreme Court recently concluded, pursuant to Texas Rules of Appellate Procedure 56.2 and 60.6, that the appeal in Great Value Storage was moot and ruled as follows: “Without hearing oral argument or considering the merits, the Court grants the petition for review, dismisses the case as moot, and vacates the judgment and opinion of the court of appeals.” When the court vacates an opinion of the court of appeals as moot, without hearing the merits, the court removes the opinion's binding precedential nature. See Morath v. Lewis, 601 S.W.3d 785, 791–92 (Tex. 2020). However, it does not strike it from court reporters or foreclose us from relying on the facts set forth therein. Id. (recognizing that the practical effect of the Supreme Court’s use of the term, “vacated” in reference to an appellate court opinion is to “eliminate[] any binding precedential effect it may have,” but it does not “eliminate altogether ‘the public nature of the court of appeals opinion.’”).

3 executed two promissory notes in favor of Capital Point “in exchange for money.” Id. In March

2015, Princeton purchased the NPA together with the promissory notes issued pursuant to the

NPA. Id. at *2. In October 2018, Princeton sent WCCG and GVS a default notice. When they

failed to correct the deficiency on the notes, Princeton filed a lawsuit against them in a Harris

County district court, alleging, among other claims, breach of contract. Id. In March 2021, the trial

court entered a final judgment granting summary judgment in Princeton’s favor on its breach-of-

contract claim and awarded Princeton over $9.7 million in damages representing the principal and

interest owed on the notes. Id. at *6.

In June 2021, Princeton filed a motion for a post-judgment receivership under Texas Civil

Practice and Remedies Code Chapters 31 and 64 to collect on the judgment. Id. at *6. Princeton

asserted that WCCG and GVS had refused to participate in discovery throughout the course of the

litigation and had refused to produce requested information regarding their assets. Id. Relying on

both companies’ websites, Princeton argued that WCCG and GVS had nonexempt assets that could

be used to satisfy the judgment. Id. The trial court granted Princeton’s motion and issued a

receivership order appointing Kretzer as the receiver to assist it with collecting on the judgment

pursuant to the Texas Turnover Statute. 4 Id.

The order gave Kretzer broad powers to assist Princeton in its collection efforts (the

Receivership Order). Among other things, the order directed WCCG “to identify and turn over to

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Resolution Trust Corp. v. Smith
53 F.3d 72 (Fifth Circuit, 1995)
Maiz v. Virani
311 F.3d 334 (Fifth Circuit, 2002)
Peter C. Browning v. Jeff P. Prostok
165 S.W.3d 336 (Texas Supreme Court, 2005)
Bowden v. Phillips Petroleum Co.
247 S.W.3d 690 (Texas Supreme Court, 2008)
Perry Homes v. Cull
258 S.W.3d 580 (Texas Supreme Court, 2008)
SSP Partners v. Gladstrong Investments (USA) Corp.
275 S.W.3d 444 (Texas Supreme Court, 2008)
Entergy Gulf States, Inc. v. Summers
282 S.W.3d 433 (Texas Supreme Court, 2009)
Waffle House, Inc. v. Williams
313 S.W.3d 796 (Texas Supreme Court, 2010)
American Flood Research, Inc. v. Jones
192 S.W.3d 581 (Texas Supreme Court, 2006)
BMC Software Belgium, NV v. Marchand
83 S.W.3d 789 (Texas Supreme Court, 2002)
Stanley v. Reef Securities, Inc.
314 S.W.3d 659 (Court of Appeals of Texas, 2010)
Beaumont Bank, N.A. v. Buller
806 S.W.2d 223 (Texas Supreme Court, 1991)
Mercure Co., NV v. Rowland
715 S.W.2d 677 (Court of Appeals of Texas, 1986)
Pace Corporation v. Jackson
284 S.W.2d 340 (Texas Supreme Court, 1955)
Bay City Plastics, Inc. v. McEntire
106 S.W.3d 321 (Court of Appeals of Texas, 2003)
Austin Independent School District v. Sierra Club
495 S.W.2d 878 (Texas Supreme Court, 1973)
Cravens, Dargan & Co. v. Peyton L. Travers Co.
770 S.W.2d 573 (Court of Appeals of Texas, 1989)
Detox Industries, Inc. v. Gullett
770 S.W.2d 954 (Court of Appeals of Texas, 1989)
Plaza Court, Ltd. v. West
879 S.W.2d 271 (Court of Appeals of Texas, 1994)

Cite This Page — Counsel Stack

Bluebook (online)
WC 4th and Rio Grande, LP v. La Zona Rio, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/wc-4th-and-rio-grande-lp-v-la-zona-rio-llc-texapp-2024.