Home New Cases Epic Companies Trust Seeks Damages for Alleged Breach of Charter and Rental Agreements

Epic Companies Trust Seeks Damages for Alleged Breach of Charter and Rental Agreements

0
0

February 23, 2021, Southern District of Texas - Plaintiff Jeffrey T. Varsalone, as the liquidating Trustee of the Epic Companies, LLC Trust brings a complaint to recover damages from three Defendants; Alliance Energy Services, LLC, Triton Heavy Lift Services, LLC, and Triton Diving Services, LLC. The Trustee requests an entry of a judgment awarding damages to the Plaintiff for Defendants' failure to pay amounts due under the rental agreements.

The complaint asserts that the Defendants and Debtor entered into Bareboat Charters and the Equipment Rental agreements to hire two vessels and lease types of drilling equipment. Allegedly, the Debtors invoiced the Defendants per the agreements, which the Defendants did not clear. According to the complaint, Triton Heavy Lift and Triton Diving owed $277,760.00 plus the reasonable attorney’s fees under Tex. Civ. Prac. & Rem. Code § 38.001(8) and post-judgment interest under Tex. Fin. Code § 304.003(c) towards breach of contract and contract damages for Bareboat Charters. Alliance and Triton Diving owed $326,966 plus the reasonable attorney’s fees under Tex. Civ. Prac. & Rem. Code § 38.001(8) and post-judgment interest under Tex. Fin. Code § 304.003(c) for breach of contract and contract damages for Equipment Rental agreements.

Jones & Associates