Caddell & Chapman resolved part of a major construction defect case involving an $85 million, 30‑story condominium tower on South Padre Island in Texas. The tower, having suffered extreme differential settlement during its construction, will be imploded in December 2009. Representing the owner, Caddell & Chapman successfully addressed multi‑party claims and obtained a confidential settlement on a significant portion of the case, following which there was a release of the bank liens on the property. …
