Memorial company sued over employment agreement
A senior vice president is suing after, he says, his company failed to pay him his interest for the sale of property in Alief.
Jeff Lyons filed a lawsuit on June 3 in the Harris County District Court against Memorial’s Vista Equities Group, alleging breach of contract.
Lyons says that in August 2000, he entered into an employment agreement to serve as senior vice president of Vista Equities Group. The agreement included a clause promising Lyons a back-end interest in Vista NHC Realty Partners’ ventures.
According to the brief, the defendant breached this agreement by failing to pay Lyons his interest after the sale of the Alief-area Plazas at Royal Oaks. Lyons claims that he is also entitled to his interest in The Woodlands and Plazas at Barker Cypress properties that will sell soon.
Lyons is seeking actual damages, attorney’s fees and court costs. He is being represented in the case by Houston attorney John Byrd.
Harris County District Court Case No. 2011-33383.
This is a report on a civil lawsuit filed at the Harris County Courthouse. The details in this report come from an original complaint filed by a plaintiff. Please note, a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it only represents one side of the story.