BTG Represents Consulting Group in Unpaid Commission Case
The Business Trial Group has filed a lawsuit on behalf of a consulting group that was allegedly not paid consulting fees in connection with several commercial real estate projects.
Business Trial Group attorney Aaron C. Garnett represents the consultant against an investment company that agreed to pay consulting fees for a number of services that were properly performed, but had not been paid. The parties are bound by a consulting agreement and, therefore, the unpaid commissions are a breach of that contract, the lawsuit claims.
Garnett and the Business Trial Group represent the consulting group on a contingency-fee basis, which means that no legal fees will be collected unless and until we recover the unpaid commissions. Our attorneys have a proven track record of winning cases for contractors who have not been paid for their work. Because our clients pay no hourly attorney fees, they can see their case through to trial, without fear of overwhelming legal bills.
Consultant Provided Services Related to Developers’ Projects
On June 10, 2016, Fray Municipal Securities, Inc. (the plaintiff) entered into a consulting agreement with Tim Majors d/b/a Majors Investments (the defendant). Majors Investments is the holding company for Tim Majors and the Majors Family Investments. Tim Majors also owns the M Lounge in Orlando. According to its website, “Majors Investments has dedicated its focus to commercial, medical real estate development. In addition, it has developed numerous umbrella brands.”
The parties’ agreement stated that, among other terms, Fray would provide introductions and related services to provide funding for Majors’ plans to develop various medical facilities and distribution centers, both within and outside of the State of Florida. Majors agreed to pay Fray a consultant fee for these services, including (but not limited to) 2% of the funding that Majors received for the projects, as well as 3% of the profit when the projects sold.
Following the execution of the contract, Fray upheld its end of the deal by providing services such as investor introductions, preparation of financial models, and underwriting documents on the following projects:
- Thomaston Lakeside Plant
- Manning Distribution Facility
- Jacksonville Distribution Facility
- MetroWest Office Building
- Medical Village at Daytona
- Escrow for High Point, NC
Majors subsequently received $10,917,774.97 in funding for the projects. However, the Complaint alleges that Majors failed to pay Fray 2% of the project funding, as stipulated by the contract. Majors then agreed to pay Fray 3% of the profit when the projects sold if Fray only invoiced Majors for 1.5% of the funding at that time, the lawsuit alleges. Majors followed through on this promise in November 2016, paying Fray 1.5% of the project funding.
Between March 2017 and January 2018, Majors sold the MetroWest Office Building, the Thomaston Lakeside Plant, the Manning Distribution Facility, and the Medical Village at Daytona. The sale of these properties earned Majors more than $7,737,700, but Majors has allegedly not paid Fray the remaining 0.5% of the project funding, or the 3% project sales. As a result, Fray retained the Business Trial Group and filed a lawsuit against Majors for breach of contract and fraud.
Contingency-Fee Breach of Contract Lawyers
All too often, one party to a contract treats the agreement as if it can be renegotiated after the fact. This calculated strategy is a consequence of high hourly attorney fees. Businesses know that, in many cases, it will cost more for the contractor to litigate than to just take the loss on the fee reduction. By dragging the case out and driving up legal fees, a business can force a contractor into a no-win situation: they can give up the legal fight, accept less than what they’re owed, or go broke from legal costs.
The Business Trial Group doesn’t think this is right, so we came up with a better way for businesses and contractors to recover unpaid compensation. Our clients pay no retainer or hourly fees, and no fees whatsoever until we successfully resolve their case. Our goal is to make the high-quality business litigation attorneys affordable for clients with meritorious claims.
If you did the work, you deserve to get paid. Our contingency-fee business attorneys have extensive experience working with clients who wrongfully denied compensation and commissions, and we will fight to recover every dollar you are owed.
For a free case review, call 888.251.2668 or Contact Us.