GRETNA –Two business partners claim that the real estate broker who helped with the sale of their business failed to properly advise them. 

Paul Toye and Sal Michel filed a suit on Feb. 6 against Capital Business Solutions LLC in the 24th Judicial District Court alleging breach of contract and unjust enrichment.

According to the claim, the plaintiffs are seeking damages for an incident that took place when the plaintiffs agreed to sell their former business, Advanced Medical Management LLC, using Capital Business Solutions as their broker. The suit states that the plaintiffs were informed by Capital Business Solutions that they did not have to provide information about a doctor who worked at their company to the buyer of the business, Elizabeth Lamar Smith. After selling the business, however, Smith sued the plaintiffs when she learned that she hadn't been told the doctor was being investigated by the Louisiana State Board of Medical Examiners. 

The plaintiffs hold Capital Business Solutions responsible because they allegedly were not properly advised about full discovery during due diligence by the defendant. 

The defendant is accused of breach of contract and unjust enrichment.

The plaintiff is seeking all reasonable sums due, attorney fees and court costs. The plaintiff is represented by Matthew K. Brown of Sullivan, Stolier, Schulze & Grubb LLC in New Orleans.

The case has been assigned to Division D Judge Scott U. Schlegel.

The 24th Judicial District Court case number 780347

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24th Judicial District Court in Gretna




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