Investor claims he was excluded from operations management

By Noddy A. Fernandez | Nov 12, 2018

PHILADELPHIA — A business investor is suing, citing alleged breach of contract and fraudulent concealment.

Thomas Patire filed a complaint on Oct. 22 in the U.S. District Court for the Eastern District of Pennsylvania against Anil Deshpande; Lisa Jackson; Vitas Laborartory LLC; MD Global Inc., et al., alleging the defendants breached the written/oral agreement by excluding plaintiff from management of the company.

According to the complaint, in May 2016, Thomas Patire was added as a partner to defendants' company with a capital contribution amounting to $250,000. 

However, plaintiff claims defendants effectively froze him out of the management of the two companies, refusing to hold board meetings and provide information that would allow him to see the extent of their alleged wrongdoing. Moreover, Patire claims defendants have grossly mismanaged both companies, causing them to lose revenue. 

The plaintiff alleges the defendants acted in concert and have actively defrauded plaintiff by diverting company assets for their own personal gain, thereby depriving plaintiff of the benefits of his ownership of those companies.

The plaintiff requests a trial by jury and seeks judgment in an amount exceeding $100,000, plus consequential and incidental damages, interest, attorneys' fees, costs of suit, punitive damages, and such other relief that the Court deems just and proper. He is represented by Aaron Peskin and Ralph Ferrara of Ferrara Law Group PC in Trenton, New Jersey.

The U.S. District Court for the Eastern District of Pennsylvania Case No. is 2:18-cv-04687-CDJ.

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Ferrara Law Group, PC U.S. District Court for the Eastern District of Pennsylvania

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