The O’Brien Law Firm has filed suit in Travis County District Court on behalf of its Plaintiff client against Dynapt Inc. and its CEO, Gregory D. Yost.

The lawsuit alleges that Dynapt and Yost entered into agreements with the Plaintiff under which he would receive a 49% ownership interest in the company and a $20,000 per month salary, in exchange for helping to rebuild and reposition the company as an AI-focused software development firm.

According to the petition, the Plaintiff, a longtime technology executive, began working with Dynapt in late 2023 when the company was struggling and had few customers. The suit alleges that he led Dynapt’s strategic pivot toward AI services, developed new partner relationships with Microsoft and Amazon, generated significant new revenue, and helped secure major contracts, including work related to the National Mall’s 250th anniversary project as well as a $300,000 PerkinElmer chatbot development contract.

The lawsuit further alleges that in May 2024, Yost agreed that Dynapt's ownership would be split 51% to Yost and 49% to the Plaintiff. The Plaintiff contends that he relied on that agreement, shifted his separate and independent AI efforts into Dynapt, and devoted substantial time and resources to the company on Yost's representations.

One of the central disputes concerns an AI-driven grant application platform originally conceived by the Plaintiff and referred to as “AutoGrant.” The lawsuit alleges that AutoGrant won first place in startup competitions sponsored by Microsoft and Amazon Web Services in late 2024, bringing prize money and valuable market credibility to Dynapt. The Plaintiff contends that after he was terminated in November 2024 and denied recognition of his ownership interest, Dynapt continued developing and commercializing the AutoGrant concept under a different name.

The lawsuit asserts claims and damages for breach of contract, breach of partnership or joint venture agreement, promissory estoppel, quantum meruit and unjust enrichment, breach of fiduciary duty, fraud, negligent misrepresentation, misappropriation of trade secrets under the Texas Uniform Trade Secrets Act, and seeks declaratory and injunctive relief to recognize the Plaintiff's legal interest in Dynapt as well as his ownership rights to the AutoGrant concept.

The case is docketed as Cause No. D-1-GN-26-000790 in the 353rd Judicial District Court of Travis County, Texas. The O'Brien Law Firm anticipates that the Defendants will deny the allegations in the lawsuit, as is typical at the outset of a lawsuit.