Annie Cosby Jun. 12, 2014, 12:25pm

A Texas man is suing over claims a 2007 loan has not been paid back.

John J. "Chip" Thiel filed a lawsuit June 5 in the Galveston County District Court against Nessie Ludlow, citing breach of contract. 

According to the complaint, Thiel loaned Ludlow $50,000, with interest, in 2007, but Ludlow has only repaid $12,500 of the loan. Ludlow is accused of breach of contract and unjust enrichment.

Thiel is seeking the $37,500, plus interest and attorney's fees.

He is being represented in the case by attorneys Roger G. Jain and Thomas H. Smith III of Roger G. Jain & Associates PC in Houston.

Galveston County District Court Case No. 14-CV-0618

This is a report on a civil lawsuit filed in the Galveston County District Court. The details in this report come from an original complaint filed by a plaintiff. Please note, a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it only represents one side of the story.

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