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O’Brien Law Firm files suit against Nathan L. Teinert and Graystone Enterprises for trying to slither out of paying a business broker his $120K rightfully-earned claimed commission

On May 14, 2024, the O’Brien Law Firm filed suit against Nathan L. Teinert of Montgomery, Texas, and his legal entity Graystone Enterprises, on behalf of the firm’s client, T.F., a business broker who brokered the sale of an oil-and-gas equipment rental company on behalf of Teinert/Graystone.

As alleged in the lawsuit: Teinert engaged T.F. to find buyers for businesses-for-sale that had engaged Graystone/Teinert to broker a sale. T.F. worked diligently for a year-and-a-half to broker the sale/purchase of the equipment rental company. The sale/purchase entitled T.F. to a commission of at least $170,000 under his commission agreement with Teinert/Graystone. The buyer has referred to T.F. as “the quarterback” of the deal and has said that he doesn’t even recall ever speaking to Teinert. The seller has said that T.F. “did everything and Nathan did nothing.” T.F. often spoke to both the buyer and the seller on a daily basis, sometimes multiple times a day, to negotiate the sale. The O’Brien Law Firm anticipates that both the buyer and the seller will testify that T.F. is the reason the deal got done, and that Teinert had nothing to do with it. T.F.’s commission under his contracting agreement with Teinert/Graystone was to be his only compensation for this year-and-a-half’s worth of patient, diligent, and ultimately successful work. The commission agreement was supposed to mean that T.F. would be compensated for his success.

Nevertheless, once the broker fee money came into a Graystone account, Teinert tried to use slippery language in his contracting agreement with T.F. to keep T.F.’s commissions for himself, with Teinert claiming that he wasn’t “satisfied” with T.F.’s performance, therefore allegedly entitling Teinert/Graystone to keep all of T.F’s compensation (with O’Brien vehemently disagreeing with this position). However, Teinert still wired $50,000 to T.F. as what Teinert claimed was merely a “thank you” to T.F., but kept the other >$120,000 due to T.F. for himself. The seller himself has expressed concern about Teinert having put “slippery” language into his company’s business brokering agreement with Teinert and trying to avoid a face-to-face meeting with him. The O’Brien Law Firm is disgusted by Teinert’s conduct and intends to make this right for T.F. The case is filed as Cause No. 24-0915-C395 in the 395th Judicial District Court of Williamson County, Texas.

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O’Brien Law Firm files suit against Nathan L. Teinert and Graystone Enterprises for trying to slither out of paying a business broker his $120K rightfully-earned claimed commission

On May 14, 2024, the O’Brien Law Firm filed suit against Nathan L. Teinert of Montgomery, Texas, and his legal entity Graystone Enterprises, on behalf of the firm’s client, T.F., a business broker who brokered the sale of an oil-and-gas equipment rental company on behalf of Teinert/Graystone. As alleged in the lawsuit: Teinert engaged T.F. […]

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