HOUSTON — The founders of a pipeline services company who sold their majority interest are claiming the new owners violated their membership interest purchase agreement over a third party claim filed by the State of Texas.
Jimmy W. Epley and Carolyn Epley filed a complaint Dec. 11 in Harris County District Court against Invacor Pipeline and Process Solutions LLC.
According to the Epley's complaint, they started Pipelinelogic Services in 2009. They claim that in November of 2017, they and their son sold the "majority of their interest" in Pipelogic which then changed its name to Invacor Pipeline and Process Solutions. The Epley's allege that in March of 2021, Invacor "improvidently settled a sales, excise and use tax claim" and in June of 2021, "demanded" they reimburse Invacor $109,821.32.
They further alleged Invacor failed to follow the "indemnification claim procedures" per their membership interest purchase agreement, did not provide notice of the third party claim or allow them the opportunity to defend the third party claim. The Epleys also claim Invacor settled the third party claim without their consent in violation of their purchase agreement.
The Epleys seek monetary relief of $100,000 or less, interest and all other just relief. They are represented by Daniel Jackson and Daniel Gierut of The Jackson Law Firm in Houston.
Harris County District case number 2021-80756