Securities Fraud Lawyer Blog
David Holzapfel was hit with a $170,000 judgment in Clark County Nevada District Court on August 19, 2025.
The Judgment stems from a failed business transaction, whereby David Holzapfel was to open and run two restaurants under his Frat Haus brand.
Two investments were at issue in the lawsuit; one was an agreement whereby the Plaintiff invested $50,000 in exchange for an eight percent interest, and a 25% stake in a Nevada LLC formed by David Holzapfel. The LLC was named The Frat Haus Restaurant Company, LLC, and the purpose of the LLC was to open and run a restaurant (called “Frat Haus”) in the downtown container park district.
The restaurant was open from August, 2023 to June, 2024 before it was abandoned. Mr. Holzapfel personally guaranteed Plaintiff’s $50,000 investment, which called for repayment of principal on or before March 1, 2024.
Plaintiff’s second investment with David Holzapfel involved expanding the so called Frat Haus brand of eateries/bars in AT&T Stadium in Dallas.
Mr. Holzapfel solicited a $150,000 investment from Plaintiff, whereby Plaintiff would become a 50% partner in an LLC, which Mr. Holzapfel formed in Nevada and named David-Riley Development, LLC.
The terms of the $150,000 investment were that Plaintiff’s funds would be used to expand the Frat Haus brand. The project never materialized, and despite repeated promises by Holzapfel to repay Plaintiff, he never did.
Plaintiff filed his complaint on November 22, 2024, and after Mr. Holzapfel failed to file an answer, his default was entered on January 2, 2025.
On January 6, 2025 Plaintiff filed his motion for default judgment. Thereafter, Holzapfel retained counsel, and settlement discussions began in earnest.
These discussions resulted in a written settlement agreement signed by the parties, which called for Holzapfel to make payments to Plaintiff. The time to make the first payment (June 1, 2025) came and went, and Mr. Holzapfel failed to honor the terms.
Under the default provisions of the settlement agreement, counsel for Plaintiff notified David Holzapfel he was in default by sending notice. Mr. Holzapfel had seven days to cure the default, but failed to do so. Thereafter, Plaintiff filed a motion to have the settlement agreement reduced to judgment, which was granted by the court on August 14, 2025.
Judgment was then issued in the amount of $170,000 against David Holzapfel on August 19, 2025. Mr. Holzapfel has not made any efforts to pay the judgment.