Partial Summary Judgment Ruling For Silent Partner Cut Out Of Franchisor Ownership

Mealey's (February 21, 2018, 8:26 PM EST) -- NEW YORK — The formation of a new company to cut out a partial owner of a franchisor who operated only as a passive investor constituted breach of fiduciary duty, a New York state judge ruled Feb. 13, granting partial summary judgment for the silent partner and directing the parties to continue settlement discussions (John Stavroulakis v. Euripides Pelakanos, et al., No. 653478/2015, N.Y. Sup., New York Co., 2018 N.Y. Misc. LEXIS 429)....

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