Jennifer Palmer v. eCapital Corp. et al.

CourtDistrict Court, S.D. New York
DecidedFebruary 23, 2026
Docket1:23-cv-04080
StatusUnknown

This text of Jennifer Palmer v. eCapital Corp. et al. (Jennifer Palmer v. eCapital Corp. et al.) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Jennifer Palmer v. eCapital Corp. et al., (S.D.N.Y. 2026).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Jennifer Palmer, Plaintiff, 23 Civ. 4080 (DEH) v. OPINION eCapital Corp. et al., AND ORDER Defendants.

DALE E. HO, United States District Judge: Plaintiff Jennifer Palmer brings this action against Defendants eCapital Corp. (“eCap”), eCapital Asset Based Lending Corp. (“ABL”), Marius Silvasan, Jonathan Staebler, Steve McDonald, and Cris Neely, claiming sex-based employment discrimination and retaliation under Title VII of the Civil Rights Act of 1964, 42 U.S.C. §§ 2000e et seq. (“Title VII”); the New York State Human Rights Law, N.Y. Exec. Law §§ 290 et seq. (“NYSHRL”); and the New York City Human Rights Law, N.Y.C. Admin. Code §§ 8-101 et seq. (“NYCHRL”). See generally Am. Compl., ECF No. 57. She also claims that Silvasan, McDonald, Staebler, and Neely aided and abetted the discrimination and retaliation to which she was subjected, in violation of the NYSHRL and NYCHRL. Am. Compl. ¶¶ 212, 232. Before the Court is Defendants’ Rule 56(a) Motion for Summary Judgment. For the reasons discussed below, Defendants’ Motion is DENIED as to all claims. BACKGROUND The following facts are taken from the parties’ Rule 56.1 statements and evidentiary submissions in connection with Defendants’ motion. The facts are either undisputed or, if disputed, resolved in the light most favorable to Plaintiff as the non-moving party, with all reasonable inferences drawn in her favor. See Horn v. Med. Marijuana, Inc., 80 F.4th 130, 135 (2d Cir. 2023), aff’d and remanded, 605 U.S. 593 (2025). The Second Circuit has emphasized that in the context of employment discrimination, the Court is “required to accept all sworn statements by [Plaintiff] as to matters on which she [is] competent to testify, including what she did, what she observed, and what she was told by company managers.” Davis-Garett v. Urb. Outfitters, Inc., 921 F.3d 30, 46 (2d Cir. 2019). A. The Parties Defendant ABL is a financial services company incorporated in New York. Defendant

eCap is the holding company that controls ABL. Silvasan is eCap’s chief executive. Staebler is eCap’s Senior Counsel and former General Counsel. McDonald is a member of ABL’s Board of Directors, former president of eCap, and former vice president of ABL. Neely was eCap’s CFO from 2011 until July 2024, a member of ABL’s Board from March 2017 to July 2024, and former Director of ABL. Defs.’ Rule 56.1 Stmt. (“Def Stmt.”) ¶¶ 1-6, ECF No. 104; Pl.’s Rule 56.1 Counterstmt. (“Pl. Stmt.”) ¶¶ 1-6, ECF No. 124. eCap acquired ABL in March 2017, and ABL is currently one of multiple business units under eCap’s control. Prior to its acquisition, ABL was named Gerber Finance, Inc. (“GFI”). In 2006, Gerald Joseph, the founder and then-CEO of GFI hired Palmer as a vice president. Palmer was promoted to senior vice president in 2011 and president in 2013. Def. Stmt. ¶¶ 8-11; Pl. Stmt.

¶¶ 8-11, 175. After eCap acquired GFI, Joseph remained as CEO and Palmer as President. Def. Stmt. ¶ 12; Pl. Stmt. ¶ 12. Palmer was promoted to CEO of GFI, effective January 1, 2020. Defendants assert that Silvasan promoted Palmer to CEO. Def. Stmt. ¶ 12. Palmer contends that Joseph selected Palmer for promotion to the CEO role. Pl. Stmt. ¶ 12. The parties disagree as to Palmer’s qualifications and performance as CEO of GFI. Palmer asserts that she led GFI successfully from her promotion as CEO in 2020 to her termination in 2022. Pl. Stmt. ¶¶ 195-200. Her compensation as CEO increased annually. Id. ¶ 201. Defendants proffer testimony that GFI’s profits and book of business struggled during Palmer’s leadership. Def. Stmt. ¶¶ 17, 49, 81. In 2020, eCap proposed a corporate rebranding process for GFI. Def. Stmt. ¶ 39; Pl. Stmt. ¶ 39. Palmer asserts that she was amenable and cooperative with the rebranding process. Pl. Stmt. ¶¶ 208-12. Defendants contend that Palmer resisted and delayed the rebranding process. Def. Stmt. ¶¶ 39-41.

B. Alleged Disparate Treatment and Retaliation The claims at issue arise from Palmer’s allegations that Defendants subjected her to disparate treatment and retaliation during her time as CEO, culminating in her termination in December, 2022. Defendants deny these allegations, maintaining there is no evidence of disparate treatment, and that any adverse employment action, including Palmer’s termination in 2022, was due to corporate restructuring and the poor performance of her business unit under her leadership. Id. ¶¶ 155, 164. Palmer maintains that, after her promotion to CEO of GFI in 2020, Defendants treated her differently because of her gender. Palmer testified at her deposition that Silvasan subjected her to a higher degree of scrutiny than her predecessor, Joseph, and she points to statements in Silvasan’s deposition testimony that she argues confirm this point. Pl. Stmt. ¶ 193-94. She attests that

Defendants excluded her from discussions about business strategy and emails about the company’s financials. Id. ¶ 202. She also attests that Defendants afforded greater opportunities and a higher line of credit approval to Brian Cuttic, a male colleague hired as CEO of a similar business unit under eCap’s umbrella. Id. ¶¶ 216-22, 242-44. Palmer also notes demographic trends at eCap that she argues are probative of gender discrimination. Palmer notes that, other than her, all business leads at eCap were men. Id. ¶186. She notes that there are a dozen men and two women among eCap’s c-suite executives, and that those women are not in charge of business operations. Id. She notes that at the time she became CEO of GFI, eCap’s senior management team and executive credit committee was comprisedonly of men. Id. In March, 2022, Palmer emailed Silvasan to raise concerns about disparate treatment based on her gender. Id. ¶ 245. She attests that Silvasan dismissed her concerns, id. ¶ 246, and that following her complaint, eCap withdrew an employment agreement it had offered to her, replacing it with an offer that included materially worse terms. Id. ¶¶ 247-54. In September, 2022,

Palmer filed a lawsuit against eCap in New York State Court, alleging state law claims of gender discrimination and retaliation. Id. ¶ 270. She maintains that McDonald, Silvasan, Neely, and Staebler were aware of and strongly disapproved of her filing the lawsuit. Id. ¶¶ 270, 273. In December, 2022, Defendants terminated Palmer’s employment. Id. ¶278. She maintainsthat her termination was in retaliation for her complaints. Id. ¶284. Defendants deny ever subjecting Palmer to disparate treatment or retaliation. Def. Stmt. ¶ 13. Citing email correspondence between Silvasan and Palmer, and Joseph’s deposition statements about GFI, Defendants maintain that to the extent that Silvasan and eCap scrutinized Palmer in her role as CEO, it was due to legitimate concerns about GFI’s performance under her leadership. Id. ¶¶ 29-31. They proffer Silvasan’s deposition testimony that consolidation of GFI

and another business unit became necessary because of GFI’s poor performance, and Palmer’s resistance to the process of rebranding GFI following its acquisition by eCap. Id. ¶¶ 84-87. They provide email correspondence between McDonald and Palmer in which McDonald states that the revised employment agreement presented to Palmer following her complaints of discrimination was materially similar to those of her peers. Id. ¶ 123. And they cite Silvasan’s deposition statements that Palmer’s ultimate termination was due to the consolidation of her business unit with another, not because of any discriminatory or retaliatory motive. Id. ¶¶ 154-55. LEGAL STANDARD Defendants bring their Motion for Summary Judgment under Rule 56(a) of the Federal Rules of Civil Procedure

Free access — add to your briefcase to read the full text and ask questions with AI

Related

McDonnell Douglas Corp. v. Green
411 U.S. 792 (Supreme Court, 1973)
Texas Department of Community Affairs v. Burdine
450 U.S. 248 (Supreme Court, 1981)
Anderson v. Liberty Lobby, Inc.
477 U.S. 242 (Supreme Court, 1986)
McKennon v. Nashville Banner Publishing Co.
513 U.S. 352 (Supreme Court, 1995)
Henry v. Wyeth Pharmaceuticals, Inc.
616 F.3d 134 (Second Circuit, 2010)
Shelley Weinstock v. Columbia University
224 F.3d 33 (Second Circuit, 2000)
Christopher Graham v. Long Island Rail Road
230 F.3d 34 (Second Circuit, 2000)
Feingold v. New York
366 F.3d 138 (Second Circuit, 2004)
Johnson v. Killian
680 F.3d 234 (Second Circuit, 2012)
Gorzynski v. Jetblue Airways Corp.
596 F.3d 93 (Second Circuit, 2010)
Mayers v. Emigrant Bancorp, Inc.
796 F. Supp. 2d 434 (S.D. New York, 2011)

Cite This Page — Counsel Stack

Bluebook (online)
Jennifer Palmer v. eCapital Corp. et al., Counsel Stack Legal Research, https://law.counselstack.com/opinion/jennifer-palmer-v-ecapital-corp-et-al-nysd-2026.