Michael Shalit D/B/A Kimberly Investment Company, Lynzara-Austin Real Estate Management, LLC, as General Partner of Kendall County Development Company, L.P., and as General Partner of Tapatio Springs Real Estate Holdings, L.P., Robyn Real Estate Investments, L.P., Robyn Utility Investments, L.P., and Robyn Utility Investments Management, LLC v. Tapatio Springs Real Estate Holdings, L.P., Kendall County Development Company, L.P., Kendall County Utility Company, Inc., Tapatio Springs Utility Holdings, L.P., and Tapatio Springs Hospitality Holdings, L.P.
This memorandum opinion addresses an appeal from a summary judgment granted by the 451st Judicial District Court, Kendall County, Texas. Appellants, collectively known as the Shalit Entities, appealed a summary judgment in favor of Appellees, the Tapatio Entities, which barred the Shalit Entities' counter-claims due to the four-year statute of limitations. The Shalit Entities' claims, including fraud, breach of contract, and promissory estoppel, arose from a soured business partnership. The appellate court affirmed the trial court's decision, finding that the Shalit Entities failed to sufficiently plead acknowledgment of debt to defeat the limitations defense. Furthermore, the court rejected arguments that special exceptions were a prerequisite to summary judgment on limitations grounds and affirmed the severance of claims.