HOUSTON — A Houston business is suing an investment company, alleging refusal to apply payments.

Hopewell-Pilot Project LLC filed a complaint Feb. 9 in the Houston Division of the Southern District of Texas against EnSource Investments LLC, alleging failure to complete payment as agreed between the parties.

According to the complaint, Hopewell-Pilot was granted a bridge loan by EnSource that was later converted at the defendant's insistence into equity through a subscription agreement and an amended company agreement. 

The suit says EnSource agreed to fund Hopewell-Pilot in three separate installments but the plaintiff has failed to received the final $100,000 payment due Dec. 31, 2016. 

The plaintiff alleges EnSource Investments has failed to perform its contractual obligation by refusing to pay the overdue final installment.

Hopewell-Pilot Project seeks trial by jury, actual damages, attorney fees, pre- and post-judgment interest and all other legal and equitable relief. It is represented by attorney Pete T. Patterson of Patterson PC in Houston.

Houston Division of the Southern District of Texas Case number 4:17-cv-00426

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Houston Division of the Southern District of Texas
515 Rusk Street
Houston, TX 77002

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