Ha&w Capital Partners, LLC v. Niraj Nicholas Bhandari

CourtCourt of Appeals of Georgia
DecidedJune 27, 2018
DocketA18A0217
StatusPublished

This text of Ha&w Capital Partners, LLC v. Niraj Nicholas Bhandari (Ha&w Capital Partners, LLC v. Niraj Nicholas Bhandari) is published on Counsel Stack Legal Research, covering Court of Appeals of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ha&w Capital Partners, LLC v. Niraj Nicholas Bhandari, (Ga. Ct. App. 2018).

Opinion

FIFTH DIVISION MCFADDEN, P. J., RAY and RICKMAN, JJ.

NOTICE: Motions for reconsideration must be physically received in our clerk’s office within ten days of the date of decision to be deemed timely filed. http://www.gaappeals.us/rules

June 27, 2018

In the Court of Appeals of Georgia A18A0217. HA&W CAPITAL PARTNERS, LLC et al. v. BHANDARI et al.

MCFADDEN, Presiding Judge.

This dispute arose when a group of registered representatives resigned from

one financial services firm to join another. Central to this dispute is the interplay

between their former employment agreements, which contained notice provisions

limiting their ability to move from one firm to another, and the Protocol for Broker

Recruiting, whose purpose is to facilitate such movement and to which both financial

services firms had been signatories. That interplay is complicated by the fact that the

former employer was undertaking to withdraw from the protocol as the registered

representatives were undertaking to change firms. The central issue before us today is whether the protocol invalidates provisions in those employment agreements

requiring the registered representatives to give advance notice of their resignations.

This appeal challenges trial court orders granting and denying various cross

motions for summary judgment on the parties’ respective claims and counterclaims.

Because the unambiguous language of the protocol does not invalidate the notice

provisions at issue, the trial court erred in finding otherwise. So we reverse the grant

of summary judgment that had disposed of the appellant former employer’s breach

of contract claim on the basis of that erroneous finding. The court’s other summary

judgment rulings premised on that erroneous finding require further consideration

below, so we vacate those rulings and remand with direction.

Also before us are attorney fee counterclaims. We reverse the denial of

summary judgment to the appellant former employer on the appellee registered

representatives counterclaim for attorney fees under OCGA § 13-6-11 because such

fees are not recoverable for compulsory counterclaims. But, there are genuine issues

of material fact as to the appellees’ counterclaims for attorney fees under a

contractual provision, so we affirm the trial court’s denial of summary judgment to

the appellant former employer on that counterclaim. Likewise, because there are

genuine issues of material fact as to the counterclaims for wrongful injunctive relief,

2 deferred compensation, and conversion, we affirm the trial court’s denial of summary

judgment to the appellant former employer on those counterclaims.

1. Facts and procedural posture.

Summary judgment is proper “if the pleadings, depositions, answers to

interrogatories, and admissions on file, together with the affidavits, if any, show that

there is no genuine issue as to any material fact and that the moving party is entitled

to a judgment as a matter of law[.]” OCGA § 9-11-56 (c). “On appeal, we review the

grant or denial of summary judgment de novo, construing the evidence and all

inferences in a light most favorable to the nonmoving party.” Seki v. Groupon, Inc.,

333 Ga. App. 319 (775 SE2d 776) (2015) (citation omitted).

So construed, the evidence shows that Niraj Bhandari, David Austin, Lisa

Schiffer, and Christopher Wynne entered into employment agreements with HA&W

Capital Partners, LLC. HA&W Capital is a holding company whose operating

subsidiaries include HA&W Wealth Management, LLC, an investment advisory firm.

Pursuant to the employment agreements, Bhandari, Austin, Schiffer, and Wynne

worked as registered representatives with HA&W Wealth, providing financial advice

to clients.

3 The employment agreements contained notice provisions regarding an

employee’s voluntary termination of his or her employment. The notice provisions

in Austin, Schiffer, and Wynne’s respective contracts stated that each of them “shall

have the right to voluntarily terminate [his or her] employment for any reason, at any

time, upon ninety (90) days prior written notice to [HA&W Capital].” Bhandari’s

contract contained virtually the same provision, except that it provided for 60 days

notice instead of 90 days.

On March 26, 2017 HA&W Capital transmitted a letter withdrawing from the

Protocol, effective April, 5, 2014. HA&W Capital subsequently undertook to make

that withdrawal retroactive.

On April 4, 2014, Bhandari, Austin, Schiffer, and Wynne all terminated their

employment with HA&W Capital without providing written notice and immediately

commenced employment at Morgan Stanley Smith Barney, LLC (hereinafter “Morgan

Stanley”). That same day, HA&W Capital filed a complaint and obtained an ex parte

temporary restraining order preventing Bhandari, Austin, Schiffer, and Wynne from

contacting any clients of HA&W Capital, from accessing any information system of

HA&W Capital, and from destroying documents or electronically stored information

4 relating to HA&W Capital’s business. Five days later, on April 9, 2014, the trial court

entered an order dissolving the temporary restraining order.

HA&W Capital amended the complaint, adding HA&W Wealth and other

affiliated companies as plaintiffs (collectively, “HA&W”), and adding Morgan

Stanley and Dorothy Stanton, another former HA&W Wealth employee, as

defendants. The amended complaint included a claim for breach of contract against

Bhandari, Austin, Schiffer, and Wynne (collectively, “the former employees”) for

violating the notice of termination provisions of their respective employment

agreements. The defendants jointly filed an answer and counterclaims. The former

employees’ first counterclaim was for breach of contract based on allegations that

HA&W had breached the Protocol for Broker Recruiting, an agreement between

various investment firms.

The parties filed cross motions for summary judgment. After a hearing, the trial

court entered three separate summary judgment orders. Its first order is entitled

“Order on Cross-Motions for Partial Summary Judgment – Advance Notice

Provisions and the Protocol for Broker Recruiting.” In that order the trial court ruled

on the former employees’ motion for summary judgment on HA&W’s breach of

contract claim that the former employees had violated the notice provisions in their

5 employment agreements; the former employees’ motion for summary judgment on

their counterclaim that HA&W had breached the protocol; HA&W’s motion for

summary judgment on its claim that the former employees had breached the notice

provisions; and HA&W’s motion for summary judgment on the counterclaim that

HA&W had breached the protocol.

In that order, the trial court stated that “the operative question in these [four]

motions is whether the [p]rotocol applies and precludes [the former employees’]

liability as to the advance notice provisions.” The trial court then analyzed and

rejected HA&W’s various arguments as to why the protocol should not apply. The

trial court then found as a matter of law that the protocol precludes any liability based

on the notice of termination provisions in the employment contracts.

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