Sawabeh Information Services Company v. Eagle

14-403-cv(L) Sawabeh Information Services Company v. Eagle UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT SUMMARY ORDER RULINGS BY SUMMARY ORDER DO NOT HAVE PRECEDENTIAL EFFECT. CITATION TO A SUMMARY ORDER FILED ON OR AFTER JANUARY 1, 2007, IS PERMITTED AND IS GOVERNED BY FEDERAL RULE OF APPELLATE PROCEDURE 32.1 AND THIS COURT’S LOCAL RULE 32.1.1. WHEN CITING A SUMMARY ORDER IN A DOCUMENT FILED WITH THIS COURT, A PARTY MUST CITE EITHER THE FEDERAL APPENDIX OR AN ELECTRONIC DATABASE (WITH THE NOTATION “SUMMARY ORDER”). A PARTY CITING A SUMMARY ORDER MUST SERVE A COPY OF IT ON ANY PARTY NOT REPRESENTED BY COUNSEL. 1 At a stated term of the United States Court of Appeals 2 for the Second Circuit, held at the Thurgood Marshall United 3 States Courthouse, 40 Foley Square, in the City of New York, 4 on the 25th day of March, two thousand fifteen. 5 6 PRESENT: DENNIS JACOBS, 7 RAYMOND J. LOHIER, JR., 8 Circuit Judges, 9 FRANK P. GERACI, JR.,* 10 District Judge. 11 12 - - - - - - - - - - - - - - - - - - - -X 13 SAWABEH INFORMATION SERVICES COMPANY, 14 EDCOMM, INC., 15 Plaintiffs-Appellees-Cross- 16 Appellants, 17 18 -v.- 14-403-cv(L) 19 14-610-cv(XAP) 20 LINDA EAGLE, DAVID SHAPP, CLIFFORD 21 BRODY, * Chief Judge Frank P. Geraci, Jr., of the United States District Court for the Western District of New York, sitting by designation. 1 1 Defendants-Appellants-Cross- 2 Appellees.** 3 - - - - - - - - - - - - - - - - - - - -X 4 5 FOR PLAINTIFFS: PHILIP R. BERWISH, Berwish Law, 6 New York, New York. 7 8 FOR DEFENDANTS: DAVID SHAPP, pro se (Linda 9 Eagle, pro se, New York, New 10 York, Clifford Brody, pro se, 11 Ambler, Pennsylvania, on the 12 brief), Buckingham, 13 Pennsylvania. 14 15 Appeal from a judgment of the United States District 16 Court for the Southern District of New York (Scheindlin, 17 J.). 18 19 UPON DUE CONSIDERATION, IT IS HEREBY ORDERED, ADJUDGED 20 AND DECREED that the judgment of the district court be 21 AFFIRMED IN PART AND REVERSED IN PART. 22 23 The parties cross-appeal from the judgment of the 24 United States District Court for the Southern District of 25 New York (Scheindlin, J.), which: requires defendants to 26 indemnify Sawabeh Information Services Company (“SISCOM”) 27 for any judgment entered in a related state court action; 28 declares that Edcomm, Inc. (“Edcomm”) owns certain 29 intellectual property; and dismisses with prejudice the 30 parties’ remaining claims and counterclaims. We assume the 31 parties’ familiarity with the underlying facts, the 32 procedural history, and the issues presented for review. 33 34 “In reviewing a district court’s decision in a bench 35 trial, we review the district court’s findings of fact for 36 clear error and its conclusions of law de novo.” White v. 37 White Rose Food, a Div. of DiGiorgio Corp., 237 F.3d 174, 38 178 (2d Cir. 2001). 39 40 In all respects but one, we affirm the judgment for the 41 reasons set forth by the district court. 42 ** The Clerk of Court is respectfully directed to amend the official caption in this case to conform with the caption above. 2 1 The district court erroneously concluded that 2 defendants breached their fiduciary duty to SISCOM by 3 failing to disclose a series of loans from Debra Slater (the 4 “Slater Loans”). The court’s factual findings are not 5 clearly erroneous; the error is in the legal analysis. 6 Under New York law, “[t]he elements of a claim for breach of 7 a fiduciary obligation are: (i) the existence of a fiduciary 8 duty; (ii) a knowing breach of that duty; and (iii) damages 9 resulting therefrom.” Johnson v. Nextel Commc’ns, Inc., 660 10 F.3d 131, 138 (2d Cir. 2011). 11 12 The district court found that defendants (former 13 directors and shareholders of Edcomm) entered into a 14 fiduciary relationship with SISCOM1 when SISCOM acquired 15 Edcomm. But by that point, it was already too late for 16 SISCOM to avoid any loss or potential liability arising out 17 of the Slater Loans; SISCOM became liable for those loans, 18 if at all, upon its acquisition of Edcomm. To the extent 19 that defendants breached a fiduciary duty by failing to 20 disclose the loans after the acquisition, there were no 21 “damages resulting therefrom” because any injury to SISCOM 22 resulted from defendants’ failure to disclose the Slater 23 Loans before the acquisition, when defendants did not yet 24 owe SISCOM a fiduciary duty. On the facts found by the 25 district court, SISCOM’s claim fails as a matter of law. 26 27 For the foregoing reasons, and finding no merit in the 28 parties’ other arguments, we hereby AFFIRM the judgment of 29 the district court, except as to SISCOM’s breach of 30 fiduciary duty claim. We REVERSE the portion of the 31 judgment requiring defendants to indemnify plaintiffs for 32 any judgment entered in the state court litigation 33 concerning the Slater Loans. 34 35 FOR THE COURT: 36 CATHERINE O’HAGAN WOLFE, CLERK 37 1 The district court correctly dismissed Edcomm’s breach of fiduciary duty claim. 3