Ponderosa Land Development Co.

Ponderosa purchased a parcel of land and entered into a lease with a national financial institution as a tenant. Unfortunately, the title insurance company in the transaction failed to note a restrictive covenant prohibiting placement of a bank on the property. After filing litigation against the title insurer, which offered pennies on the dollar to settle the claim, we represented Ponderosa in a Harris County jury trial that resulted in a verdict well in excess of the policy limits.