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Shearson Lehman Brothers Inc. v. Bagley

Appellate Division of the Supreme Court of New York, First Department
Jun 30, 1994
205 A.D.2d 467 (N.Y. App. Div. 1994)

Summary

applying the specificity requirement of CPLR 3016 [b] to a claim for aiding and abetting breach of fiduciary duly

Summary of this case from Romanoff v. Romanoff

Opinion

June 30, 1994

Appeal from the Supreme Court, New York County (Ira Gammerman, J.).


Appellants contend that the second cause of action against defendant Turchyn for fraud and breach of fiduciary duty and the fifth cause of action against defendant Atkins for aiding and abetting the other defendants to breach their fiduciary duty do not satisfy the pleading mandates of CPLR 3016 (b). However, contrary to Turchyn's argument that the claim against him does not sufficiently plead his alleged individual misconduct, the complaint adequately asserts a complex scheme involving him directed against plaintiffs' interests and the conduct complained of is set forth in great detail (see, Board of Mgrs. of 411 E. 53rd St. Condominium v. Dylan Carpet, 182 A.D.2d 551, 552).

There is, similarly, no merit to Atkins' position that the fifth cause of action is defective for lack of specificity. Indeed, the complaint alleges in great detail a scheme to defraud Hutton in which Atkins participated, that Bagley, Turchyn and Gorin were employees of Hutton and, therefore, had a fiduciary duty to the company, that Atkins had knowledge of their relationship to Hutton and was, thus, aware that they had such a duty and that plaintiff suffered damages as a result of the activities in which he purportedly conspired (see, S K Sales Co. v. Nike, Inc., 816 F.2d 843). Consequently, plaintiff has sufficiently alleged all of the elements necessary to sustain a claim for aiding and abetting the breach of a fiduciary responsibility.

Concur — Rosenberger, J.P., Ellerin, Ross, Rubin and Nardelli, JJ.


Summaries of

Shearson Lehman Brothers Inc. v. Bagley

Appellate Division of the Supreme Court of New York, First Department
Jun 30, 1994
205 A.D.2d 467 (N.Y. App. Div. 1994)

applying the specificity requirement of CPLR 3016 [b] to a claim for aiding and abetting breach of fiduciary duly

Summary of this case from Romanoff v. Romanoff
Case details for

Shearson Lehman Brothers Inc. v. Bagley

Case Details

Full title:SHEARSON LEHMAN BROTHERS INC. et al., Respondents, v. J. PAUL BAGLEY et…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Jun 30, 1994

Citations

205 A.D.2d 467 (N.Y. App. Div. 1994)
614 N.Y.S.2d 5

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