Khan v. K1 Investment Management

CourtDistrict Court, E.D. New York
DecidedJuly 1, 2025
Docket2:24-cv-07860
StatusUnknown

This text of Khan v. K1 Investment Management (Khan v. K1 Investment Management) is published on Counsel Stack Legal Research, covering District Court, E.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Khan v. K1 Investment Management, (E.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK -------------------------------------------------------------------X ANEES KHAN,

Plaintiff, MEMORANDUM AND ORDER 2:24-cv-07860 (JMW) -against-

K1 INVESTMENT MANAGEMENT LLC; TRACKFORCE, INC., a subsidiary of Trackforce Top. Co. doing business as TRACKFORCE VALIANT,

Defendants. -------------------------------------------------------------------X A P P E A R A N C E S: Vincent F. Gerbino Bruno Gerbino & Soriano, LLP 445 Broad Hallow Road, Suite 220 Melville, NY 11747 Attorney for Plaintiff

Saranne Weimer, Esq. S. Weimer Law, LLC 101 Crawfords Corner Road Holmdel, NJ 07733 Attorney for Defendants WICKS, Magistrate Judge: Plaintiff Anees Khan (“Plaintiff” or “Khan”) commenced the underlying action asserting claims for breach of contract, fraud and conspiracy to commit fraud, unjust enrichment, breach of the implied covenant of good faith and fair dealing, and violations of the New York State Wage Prevention Act against Defendant K1 Investment Management LLC (“K1”) and Trackforce, Inc. (“Trackforce”) (collectively “Defendants”) to collect upon the unpaid commissions Plaintiff contends he was owed under the terms of the parties’ Commission Agreement. (See generally ECF Nos. 1, 19.) The parties are now before the Court on Defendant Trackforce’s motion to amend its Answer to assert counterclaims against Plaintiff for breach of contract, breach of the implied covenant of good faith and fair dealing, fraud, and unjust enrichment as a result of Plaintiff’s alleged engagement in “side deals” in violation of the parties’ Commission Agreement and

pattern of falsifying information on Plaintiff’s contracts to inflate the amount of commissions paid to him. (See ECF No. 33.) For the reasons stated below, Defendant Trackforce’s motion (ECF No. 33) is GRANTED in part and DENIED in part. FACTUAL BACKGROUND Plaintiff commenced this action on November 12, 2024 seeking damages for the harm he allegedly suffered after Defendants supposedly failed to pay Plaintiff his owed commissions under the parties’ Commission Agreement. (ECF No. 19 at ¶¶ 6, 17.) Plaintiff “worked in sales” for Defendants and was paid a salary and commissions pursuant to a written Commission Agreement, a document detailing how an employee’s commission is calculated. (Id. at ¶¶ 6-7.) On August 5, 2024, Defendants’ Chief Revenue Officer, Chris Schwartz (“Schwartz”)

supposedly changed the Sales Commission Plan unilaterally—a change that Plaintiff neither signed nor agreed to. (See id. at ¶ 8.) Plaintiff maintains that Schwartz met with Human Resources Vice President Joanne Kiamos and drafted a new Commission Agreement, which Plaintiff argues he never agreed to. (Id. at ¶¶ 8, 26-28.) Plaintiff posits that Schwartz and Kiamos intended to use the new agreement to avoid paying Plaintiff’s commissions and the commissions of other individuals similarly situated, and that they planned to terminate Plaintiff before paying his commissions. (Id. at ¶¶ 27-28, 37.) Indeed, Plaintiff avers that each time an earnings schedule was amended or changed, Defendants were required to, but did not, have Plaintiff and similarly situated employees sign that amendment. (Id. at ¶ 15.) As Plaintiff contends, after seeing the commissions owed to Plaintiff in arrears, Defendants terminated Plaintiff on September 5, 2024 after Plaintiff complained about the commissions not being paid. (Id. at ¶¶ 8, 17.) Further, Plaintiff avers that Schwartz reassigned him to a new manager, Kyell Venick, and that Venick told Plaintiff the reassignment was

specifically done for purposes of terminating Plaintiff. (Id. at ¶ 19.) Following his termination, Plaintiff demanded all commissions earned within five business days of termination be remitted in accordance with his statutory rights, but Defendants declined. (Id. at ¶¶ 11, 14, 34.) Similarly, despite Kiamos, and former head of finance, Don Clay (“Clay”), advising Schwartz that commissions must be paid in accordance with the agreed upon commission schedule and the law, no payments were made. (See id. at ¶ 16.) Plaintiff contends that Defendants were aware of their legal duty to pay Plaintiff. (Id. at ¶¶ 16, 38.) Additionally, though Plaintiff contends that Defendants were obligated to inform him of changes in payment plans and to maintain compensation records for six or more years, Defendants did neither. (Id. at ¶ 15.) Plaintiff avers that the termination letter Defendants sent

indicated that Defendants falsely claimed they owed Plaintiff only $1,255.61 in commissions, while Plaintiff argues he is owed $103,278.30, subject to doubling under NY Labor Law, for a total of $206,556.60. (Id. at ¶¶ 13, 29.) Accordingly, Plaintiff alleges six causes of action: (i) breach of contract; (ii) fraud and conspiracy to commit fraud; (iii) unjust enrichment; (iv) breach of the implied covenant of good faith and fair dealing; (v) additional count of fraud and conspiracy to commit fraud; and (vi) violations of the New York State Wage Theft Prevention Act under N.Y. Labor Law § 198. (See id. at pp. 4-8.) PROCEDURAL BACKGROUND1 The original Complaint, filed on November 12, 2024, was subsequently amended on February 7, 2025. (See generally ECF Nos. 1, 19.) The Amended Complaint kept substantially the same allegations as the original, but merely added an additional cause of action for

Defendants’ purported violations of the New York State Wage Theft Prevention Act, namely, that Defendants amended the time earnings schedule without notice and without maintaining records for six years. (ECF No. 19 at p. 8.) Following an Initial Conference on February 28, 2025, the undersigned issued a Scheduling Order setting, inter alia, April 21, 2025 as the deadline for the parties to file motions to amend the pleadings or join new parties. (See ECF No. 26 at p. 2.) Defendants filed an Answer to Plaintiff’s Amended Complaint on March 14, 2025. (See ECF No. 7.) On April 21, 2025, Defendant Trackforce filed a motion to amend its Answer to the Amended Complaint to assert counterclaims against Plaintiff (ECF Nos. 33 and 35), which Plaintiff opposed. (ECF No. 34.) THE LEGAL FRAMEWORK

Motions to amend pleadings are governed by the Federal Rule of Civil Procedure 15(a). Pursuant to Fed. R. Civ. P. 15(a)(2), “[t]he court should freely give leave when justice so requires.” Generally, “[u]nless there is a showing of bad faith, undue delay, futility or undue prejudice to the non-moving parties, the district court should grant leave to amend.” Adlife Mktg. & Commc’ns Co., Inc. v. Best Yet Mkt., Inc., No. 17-CV-02987 (ADS) (ARL), 2018 WL 4568801, at *1 (E.D.N.Y. Sept. 24, 2018) (citing Forman v. Davis, 371 U.S. 178, 182 (1962)). The party opposing the proposed amended pleading has the burden of establishing that amendment would be prejudicial or futile. Jipeng Du v. Wan Sang Chow, No. 18-CV-01692

1 On March 28, 2025, the parties consented to jurisdiction by the undersigned for all purposes. (See ECF Nos. 29, 30.) (ADS) (AKT), 2019 WL 3767536, at *4 (E.D.N.Y. Aug. 9, 2019). However, the burden to explain the delay rests with the movant. Pilkington N. Am., Inc. v. Misui Sumitomo Ins. Co. of Am., No. 18 Civ. 8152 (JFK), 2021 WL 4991422, at *5 (S.D.N.Y. Oct. 27, 2021). The moving party must attach the proposed amended complaint to the motion, as was done here, specifying

the new claims and/or parties intended to be added. (See ECF No. 33-3 (indicating the proposed amendments in tracked changes)); Ghaly v. Nissan Motor Acceptance Corp., No. 21-cv-01613 (JS) (JMW), 2021 WL 2550389, at *1 (E.D.N.Y. June 22, 2021).

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Khan v. K1 Investment Management, Counsel Stack Legal Research, https://law.counselstack.com/opinion/khan-v-k1-investment-management-nyed-2025.