Ricardo v. The Segal Group, Inc.

CourtDistrict Court, S.D. New York
DecidedJuly 31, 2025
Docket1:23-cv-06095
StatusUnknown

This text of Ricardo v. The Segal Group, Inc. (Ricardo v. The Segal Group, Inc.) 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
Ricardo v. The Segal Group, Inc., (S.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK RICARDO DIBARTOLO, Plaintiff, 23 Civ. 06095 (JHR) -v.- OPINION & ORDER THE SEGAL GROUP, INC. et al., Defendants. JENNIFER H. REARDEN, District Judge: Plaintiff brings claims for age discrimination under New York City Administrative Code Section 8-101 et seq. (the “New York City Human Rights Law,” or “NYCHRL”) and for breach of contract against The Segal Group (“Segal,” or the “Company”) and its Chief Executive Officer David Blumenstein. ECF No. 1 (Compl.). Before the Court is Defendants’ motion to dismiss the Complaint pursuant to Rule 12(b)(6). See ECF No. 10. For the reasons set forth below, the Court denies the motion to dismiss Plaintiff’s NYCHRL claim in its entirety. In addition, the Court grants Defendants’ motion to dismiss Plaintiff's breach of contract claim as to Blumenstein and denies the motion as to the Company. I. BACKGROUND A. Factual Background Unless otherwise noted, the following allegations are drawn from the Complaint. For purposes of this motion, these allegations are assumed to be true and are construed in the light most favorable to Plaintiff. See, e.g., Kleinman v. Elan Corp., PLC, 706 F.3d 145, 152 (2d Cir. 2013). Plaintiff Ricardo DiBartolo was a Senior Vice President (“SVP”) and Chief Financial Officer (“CFO”) of the Company. Compl. ¶ 1. He was hired as SVP and CFO in 1995 and held those positions for more than 26 years before his forced retirement. Id. ¶ 33. Plaintiff received a bachelor’s degree in accounting from St. John’s University. Id. ¶ 31. He is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and Financial Executives International. Id. Prior to joining Segal, Plaintiff served as Controller, Executive Director, and CFO for several New York City law firms. See id. ¶ 32. After Defendant David Blumenstein became Segal’s President and Chief Executive Officer in 2016, he began “pushing Plaintiff to retire.” Id. ¶ 2. Although Plaintiff “made . . .

clear that he was not ready to retire,” Blumenstein “started pushing Plaintiff’s work to a significantly younger and less experienced outside consultant, second-guessed Plaintiff’s advice and counsel, [and] ultimately fabricat[ed] performance issues.” Id. ¶ 3. From 2019 forward, Blumenstein also required Plaintiff to include succession planning in all of his goal documents and repeatedly asked Plaintiff when he planned to retire. Id. ¶ 43. Plaintiff’s CFO responsibilities and eventually his “key job duties” were shifted to David Sturdee, an outside consultant, who was approximately 49 years old. Id. ¶¶ 44-45. These duties included financial reporting and forecasting, liquidity analysis, Board presentations, banking and loan strategy, expense analysis, stockholder payments and buybacks, and pension schedules. Id. Blumenstein eventually terminated Plaintiff “quietly.” Id. ¶ 3; see also ¶ 63. During a

meeting on February 18, 2021, Blumenstein “informed Plaintiff that, in order to receive his bonus from the previous fiscal year and be paid through the end of 2021, Plaintiff had to announce his retirement and help transition his duties to a successor.” Id. ¶ 65. Plaintiff generally “received bonuses of over $200,000 due to his excellent performance.” Id. ¶ 66. After the February 18, 2021 meeting, Defendants “created a public narrative that Plaintiff had decided to retire.” Id. ¶ 68. Plaintiff was eventually replaced by 49-year-old Joseph Fristachi, the Company’s former Controller. Id. ¶ 5; see also id. ¶ 77. Plaintiff alleges that he “was not subject to any retirement policy or system” at the Company. Id. ¶ 7. On March 22, 2021, Plaintiff signed a Transition Plan and Agreement proffered by Blumenstein. ECF No. 12-2 (Transition Agreement).1 The Transition Agreement provides, in relevant part: 0F Your Termination Date will be December 31, 2021 (“Termination Date”), and the Company agrees not to Terminate you prior to that date, provided you remain an employee in good standing, comply with the terms of this Agreement and your other obligations to Segal, and do not engage in conduct which would otherwise warrant termination for “cause.” With a December 31, 2021 Termination Date, you will be entitled to the following: a) Normal Salary will be paid through December 31, 2021; and b) Health, FSA, life and disability benefits will cease as of December 31, 2021. Id. at 2. After Blumenstein became Chief Executive Officer, Segal made personnel decisions that decreased the average age of the Company’s leadership team. Compl. ¶ 25. In 2019, Blumenstein “acknowledged his age bias” when, in a magazine interview, he explained that his professional goal was “stewardship” of the Company and that he wished “to hand the Company ‘off to the next generation.’” Id. ¶ 23. Plaintiff alleges that, in 2021, Blumenstein terminated him, inter alia, “without the knowledge or consent of the full Board of Directors, in order to hide his age-based animus.” Id. ¶¶ 3-4. Separately, in 2009, the parties entered into a binding contract pursuant to which Defendants would pay Plaintiff severance. Id. ¶ 86. Specifically, in a Confidentiality/Non- Solicitation Agreement, Defendants promised severance pay in the amount of eight months’ salary (i.e., $230,000) upon Plaintiff’s “separation of employment.” Id. ¶ 79; ECF No. 12-1

1 The Court considers the Transition Agreement and Confidentiality/Non-Solicitation Agreement “integral” to the Complaint. See infra Section III.A. Nevertheless, “the court is to consider [integral documents] on a Rule 12(b)(6) motion only to determine what the documents stated, and not to prove the truth of their contents.” See Donoghue v. Gad, 21 Civ. 7182 (KPF), 2022 WL 3156181, at *5 n.7 (S.D.N.Y. Aug. 8, 2022) (quoting Roth v. Jennings, 489 F.3d 499, 509 (2d Cir. 2007). (Confidentiality/Non-Solicitation Agreement). The Confidentiality/Non-Solicitation Agreement provides, in relevant part: The Company agrees that in the event Employee’s employment is terminated involuntarily, for a reason other than misconduct or other cause, Employee will be entitled to receive a severance benefit based on the following schedule: . . . Severance pay will be provided under the terms and conditions of the Severance Pay Plan, which include the requirement that Employee sign a release discharging the Company from all claims. . . . This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made in and performed within the State of New York. Any action to enforce this Agreement shall be brought in the County of New York, State of New York.

Id. at 4-5. Plaintiff alleges that he “performed all of his obligations” under the Confidentiality/Non-Solicitation Agreement. Compl. ¶ 87. But Defendants “have refused to offer Plaintiff his contractually owed severance pay and have [instead] offered $100,000—less than half of what he is owed.” Compl. ¶ 80. B. Procedural History On July 14, 2023, Plaintiff filed his Complaint. See Compl. The Complaint alleges age discrimination in violation of the New York City Human Rights Law and breach of the Confidentiality/Non-Solicitation Agreement. See id. Defendants moved to dismiss. See ECF No. 10. In support of their motion, Defendants submitted the Declaration of Elizabeth R. Gorman, ECF No. 11; the Affidavit of David Blumenstein, ECF No. 12, and the Confidentiality/Non-Solicitation Agreement and Transition Agreement attached thereto; and a memorandum of law, ECF No. 13 (Br.). Plaintiff opposed the motion, ECF No. 17 (Opp.), and Defendants replied in further support of their motion, ECF No. 19 (Reply). II.

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

Related

Roth v. Jennings
489 F.3d 499 (Second Circuit, 2007)
Pennsylvania State Police v. Suders
542 U.S. 129 (Supreme Court, 2004)
Bell Atlantic Corp. v. Twombly
550 U.S. 544 (Supreme Court, 2007)
Ashcroft v. Iqbal
556 U.S. 662 (Supreme Court, 2009)
DiFolco v. MSNBC Cable L.L.C.
622 F.3d 104 (Second Circuit, 2010)
Hiller Cranberry Products, Inc. v. Koplovsky
165 F.3d 1 (First Circuit, 1999)
Kleinman v. Elan Corp., plc
706 F.3d 145 (Second Circuit, 2013)
Scott v. Harris Interactive, Inc.
512 F. App'x 25 (Second Circuit, 2013)
MBIA Ins. Corp. v. Royal Bank of Canada
706 F. Supp. 2d 380 (S.D. New York, 2009)
Ferguson v. Lion Holding, Inc.
478 F. Supp. 2d 455 (S.D. New York, 2007)
Orlander v. Staples, Inc.
802 F.3d 289 (Second Circuit, 2015)

Cite This Page — Counsel Stack

Bluebook (online)
Ricardo v. The Segal Group, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/ricardo-v-the-segal-group-inc-nysd-2025.