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WHITNEY HOLDINGS, LTD. v. GIVOTOVSKY

No. 96 CIV. 8388(LAK).

988 F.Supp. 732 (1997)

WHITNEY HOLDINGS, LTD., Plaintiff, v. Sergei GIVOTOVSKY a/k/a Sergei I. Givetovsky, Defendant.

United States District Court, S.D. New York.

December 24, 1997.

Attorney(s) appearing for the Case

Philip M. Smith, Whitman, Breed, Abbott & Morgan, New York, NY, for Plaintiff.

Robert A. Giacovas, Michael Conway, Lazare, Potter & Giacovas, New York, NY, for Defendant.

MEMORANDUM OPINION

KAPLAN, District Judge.

Plaintiff Whitney Holdings, Inc. brings suit against its former director, general counsel and founding shareholder, Sergei Givotovsky, for breach of fiduciary duty and for fraud. Simply put, Whitney alleges that Givotovsky personally performed services for and received compensation from a Whitney client in violation of his duty of loyalty to the firm. The fact that Givotovsky failed to disclose his individual arrangement...

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