Prime Demolition investor alleges his membership shares were not repurchased per agreement

By Kristine Gonzales-Abella | Jul 17, 2018

GALVESTON – A Pearland man is alleged to have failed to pay fees under a rental agreement and failed to honor an agreement to repurchase membership shares.

Benson Scott Wyly, doing business as SW Equipment Co. Inc. filed a complaint on July 2 in the Galveston County District Court against Johnnie Gale Eichor, doing business as Prime Demolition LLC, alleging breach of contract and other counts.

According to the complaint, the plaintiff purchased a 51 percent share in Prime Demolition in 2016 for $50,000 with the agreement that the defendant would purchase back the membership shares for $60,000 within 60 days. The plaintiff alleges the defendant has failed to repurchase the shares.

The plaintiff also alleges the defendant entered into a lease agreement in November 2017 with him for a machine and has failed to pay three months' worth of rental fees and owes $87,156.66.

The plaintiff seeks judgment against the defendant in the amount of $147,156.66 and such other and further legal and equitable relief. He is represented by Keith Gross in League City.

Galveston County District Court case number CV-0081421

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