October 31, 2025
Prichard Oliver Montpas successfully tried a dispute over ownership of an office building located on the historic San Antonio Riverwalk. In 2022, CDC Enterprises, L.P. purchased a four-story office building, the Phipps Building, from a company run by a local plaintiff’s lawyer who also owns two companies that are tenants in the building. The prior owner used the funds to pay off a multi-million debt on the property and also received cash and other consideration worth over $3 million. Following the sale, the affiliated tenants ceased to make rent payments, and CDC filed suit. The prior owner filed a counter-claim contending it still owned the building, and the affiliated tenants filed additional claims against CDC, its principal, and affiliated entities. During a two-week trial in Bexar County District Court, CDC obtained a directed verdict on its claim that it was the legal owner of the building. Additional claims by the parties were submitted to the jury. The jury found in favor of CDC on all of its claims, awarding over $400,000 in actual damages and over $750,000 in attorneys’ fees. The jury rejected all of the claims of the prior owner and the affiliated tenants, including their claims for breach of contract and fraud. Based on the verdict, the trial court entered a judgment in favor of CDC on November 24, 2025.
At trial, CDC and its affiliated parties were represented David Prichard and David Montpas as well as by Glenn Deadman of Glenn J. Deadman, P.C. in San Antonio. The defendants were represented by Martin Phipps and Meagan Talafuse of Phipps Ortiz Talafuse in San Antonio, as well as Craig Eiland of Eiland & Bonnin in Austin, and Tanner Neidhardt of Dripping Springs.
CDC Enterprises, L.P. et al v. Holy Spirits LLC et al, No. 2024CI00314, in the 408th District Court, Bexar County, Texas.