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MAHARAJ v. BANKAMERICA CORP.

No. 1265, Docket 96-7021.

128 F.3d 94 (1997)

Vikramchandra MAHARAJ, derivatively on behalf of InterQuant Capital Advisors, Ltd., and individually, Plaintiff-Appellant, v. BANKAMERICA CORP.; Bank of America National Trust and Savings Association; Security Pacific National Bank; Security Pacific Investment Group, Inc.; Bofa Capital Management Inc.; Robert H. Smith; Edward G. Hartman; J. Michael Gaffney; Arthur A. Fritz; Ann Y. Lau; Richard G. Wimbish; Christopher R. Helton; Katherine Wolking; Defendants-Appellees. Interquant Capital Advisors, Ltd., Nominal Defendant.

United States Court of Appeals, Second Circuit.

Decided October 17, 1997.

Attorney(s) appearing for the Case

Bernard Persky, New York City (Jonathan Gardner, Goodkind Labaton Rudoff & Sucharow LLP, New York City, of counsel), for Plaintiff-Appellant.

David B. Chenkin, New York City (John M. Wilson, Zeichner Ellman & Krause, New York City, of counsel), for Defendants-Appellees.

Before: FEINBERG, CARDAMONE, and LEVAL, Circuit Judges.

CARDAMONE, Circuit Judge:

Full of high expectations for success, plaintiff and defendants together formed a new business venture in which defendants took a majority stake and plaintiffs assumed managerial responsibility. Later, defendants determined to end the relationship and wind up the business. The reason advanced for terminating plaintiff was not, as one might expect, because of disappointed business expectations; but, rather because of plaintiff's alleged violation...

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