MORGANTOWN — A Morgantown development company is alleging a Lousiana-based investment firm is in default of a more than $48,000 loan.
Merit Development Inc., filed a complaint in Monongalia Circuit Court against Go Partners Investments LLC and Tony Gounah.
Merit alleges that on Nov. 14, 2016, Gounah signed a nonnegotiable promissory note relating to a lease buyout with Go Oil Tools for the sum of $48,106.50 which was payable in 24 months. Merit claims the defendants have only made one $10,000 payment on the loan, on Feb 12, 2019, and are in default.
Merit seeks monetary relief of $38,106.50, interest and all other proper relief. They are represented by Michael Cardi of Bowles Rice LLP in Morgantown.
Monongalia Circuit Court case number 20-C-19
