Maireni Peguero; Brad Young; And Dyno Petro, LLC v. Jerry Freishtat and Justin Freishtat

CourtCourt of Appeals of Texas
DecidedOctober 16, 2025
Docket02-25-00299-CV
StatusPublished

This text of Maireni Peguero; Brad Young; And Dyno Petro, LLC v. Jerry Freishtat and Justin Freishtat (Maireni Peguero; Brad Young; And Dyno Petro, LLC v. Jerry Freishtat and Justin Freishtat) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Maireni Peguero; Brad Young; And Dyno Petro, LLC v. Jerry Freishtat and Justin Freishtat, (Tex. Ct. App. 2025).

Opinion

In the Court of Appeals Second Appellate District of Texas at Fort Worth ___________________________ No. 02-25-00299-CV ___________________________

MAIRENI PEGUERO; BRAD YOUNG; AND DYNO PETRO, LLC, Appellants

V.

JERRY FREISHTAT AND JUSTIN FREISHTAT, Appellees

On Appeal from the 17th District Court Tarrant County, Texas Trial Court No. 017-362898-25

Before Birdwell, Bassel, and Womack, JJ. Memorandum Opinion by Justice Bassel MEMORANDUM OPINION

I. Introduction

In this appeal, we address whether Appellees Jerry Freishtat and Justin

Freishtat’s (the Plaintiffs) claims against various signatories and nonsignatories to an

oil-and-gas investment agreement should have been compelled to arbitration.

Appellants Brad Young and Dyno Petro, LLC and Appellant Maireni Peguero filed

separate briefs, but they collectively challenge whether the trial court properly

enforced an arbitration clause in Subscription Agreements between the Plaintiffs and

Dyno Petro.

Initially, Appellants contend that though the trial court compelled arbitration of

the Plaintiffs’ claims against Dyno Petro and Young (Dyno Petro’s president), it erred

by failing to compel arbitration of the claims against the nonsignatories of the

Subscription Agreements. Appellants argue that either (1) the decision was error

because the nonsignatories were agents of Dyno Petro or (2) the Plaintiffs’ claims

against the nonsignatories are an attempt by the Plaintiffs to obtain a benefit from the

Subscription Agreements without accepting its burdens and thus estop the Plaintiffs

from challenging the nonsignatories’ right to the protection of the arbitration clause.

Appellants also challenge the duration of a stay that the trial court imposed. The

Plaintiffs challenge Appellants’ contentions on the merits and also argue that Dyno

Petro has no appellate standing to raise a claim on behalf of the nonsignatories who

did not file a notice of appeal.

2 We resolve the parties’ arguments as follows:

• We reject the Plaintiffs’ contention that Dyno Petro lacks standing to challenge the trial court’s failure to compel arbitration of the nonsignatories who did not file a notice of appeal. Dyno Petro has a sufficient personal stake in the question to have appellate standing.

• We hold that the trial court did not err by failing to compel arbitration for two of the nonsignatories. Dyno Petro’s own witness left the question open regarding whether the two nonsignatories were its agents; in that circumstance, the trial court did not abuse its discretion by refusing to compel arbitration as to them. However, one of the nonsignatories was indisputably an employee of Dyno Petro, and the trial court erred by failing to compel arbitration of the claims against him. Also, we conclude that the Plaintiffs were not estopped to challenge the right of the nonsignatories whose status was left unclear as to arbitration.

• Because the stay has expired as to the claims that the trial court compelled to arbitration, we remand this matter to the trial court to reformulate a stay that addresses those claims and whether the claims that were not compelled to arbitration should also be stayed.

Thus, we affirm in part and reverse in part.

II. Factual and procedural background

The Plaintiffs seek to recover damages for what they contend is an ill-fated oil-

and-gas investment. In their original petition (which was the live pleading at the time

of the trial court’s order), the Plaintiffs sued five Defendants: (1) Dyno Petro, the

company in which the Plaintiffs had invested; (2) the company’s president, Young;

and (3) three individuals—Maireni Peguero, Arturo Torres, and Darrin Hunter. The

trial court did not compel these three individuals to arbitration, and it is primarily the

3 shifting descriptions of the individuals’ capacities with Dyno Petro that are the crux of

whether that decision was correct.

The petition’s “FACTS” described the Plaintiffs’ initial interactions with

respect to the investment as follows:

12. On or about December 2, 2022, while attending an event in Gatlinburg, Tennessee, [the] Plaintiffs were approached by Torres and Peguero, who represented [that] they were agents of Dyno Petro presenting an enticing investment opportunity on behalf of Dyno Petro. Shortly after meeting with Torres and Peguero, [the] Plaintiffs were contacted by Brad Young, owner and CEO of Dyno Petro, about the investment opportunity. Torres, Peguero, and Young each indicated that Dyno Petro was actively engaged in the exploration, development, promotion, and production of oil[-]and[-]gas assets across the United States. Young boasted about his experience in [the] oil[-]and[-]gas industry and noted that he had over 100 wells in operation at that time. [The] Plaintiffs were told that Dyno Petro had recently acquired a lease for oil[-]and[-]gas production on real property identified as the “Grand Coteau” Property located in Lafourche Parish, Louisiana (hereinafter, the “Grand Coteau Property”).

13. The investment opportunity presented by Torres, Peguero, and Young on behalf of Dyno Petro would represent the fractional interest of oil[-]and[-]gas production of a well to be drilled on certain real property located in Lafourche Parish, Louisiana, which Dyno Petro identified as the “Grand Coteau Property.” Specifically, Plaintiffs were told Dyno Petro already had an existing well on the Grand Coteau Property and that it was giving prospective investors the opportunity to purchase Units representing . . . fractional Working Interests in the production of a second well to be drilled on the Property, which Dyno Petro identified as “Grand Coteau #2.” Each Unit offered by Dyno Petro was priced at $20,000 and represented 0.5% of the Working Interest in the Grand Coteau #2 well. Dyno Petro’s total offering included the sale of up to 100 Units.

14. Following the initial pitch, Torres, Peguero, and Young provided additional marketing containing further information about the investment. Dyno Petro’s marketing materials indicated that investors

4 would become partners in the operation and have true ownership of the oil[-]and[-]gas production on the Grand Coteau Property. By these materials, Dyno Petro affirmatively represented that an existing well on the property had produced up to 955 barrels of oil per day and [had] accumulated a total of 206 million barrels of oil.

Thus, the petition described Torres and Peguero as representing that they were

agents of Dyno Petro. The petition went on to describe Peguero’s and Young’s

representations, including representations that occurred after the investment was

made. Hunter’s role is described in the “FACTS” as follows: “In March 2024, . . .

Hunter assumed the role of President at Dyno Petro and began serving as the primary

point of contact between [the] Plaintiffs and Dyno Petro.”

The petition alleged a number of causes of action that included fraud, unjust

enrichment, breach of fiduciary duty, violation of the Uniform Fraudulent Transfer

Act, conspiracy, and alter ego. The causes of action other than fraud were alleged

against only Dyno Petro and Young. The fraud claim alleged against all the

Defendants (i.e., Young, Hunter, Torres, Peguero, and Dyno Petro) stated as follows:

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Maireni Peguero; Brad Young; And Dyno Petro, LLC v. Jerry Freishtat and Justin Freishtat, Counsel Stack Legal Research, https://law.counselstack.com/opinion/maireni-peguero-brad-young-and-dyno-petro-llc-v-jerry-freishtat-and-texapp-2025.