SigmaPharm Laboratories v. Grover, R.

CourtSuperior Court of Pennsylvania
DecidedJune 3, 2026
Docket3116 EDA 2024
StatusUnpublished
AuthorBowes

This text of SigmaPharm Laboratories v. Grover, R. (SigmaPharm Laboratories v. Grover, R.) is published on Counsel Stack Legal Research, covering Superior Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
SigmaPharm Laboratories v. Grover, R., (Pa. Ct. App. 2026).

Opinion

J-A27046-25 J-A27047-25

NON-PRECEDENTIAL DECISION - SEE SUPERIOR COURT O.P. 65.37

SIGMAPHARM LABORATORIES LLC, : IN THE SUPERIOR COURT OF I3PHARMACEUTICALS, LLC : PENNSYLVANIA : v. : : RAKESH GROVER, LAI OGUNBIYI, : ISHARI PIYA SHRESTHA, SUNIL : SAGI, AND RAM KALLUR, : : v. : : SIGMAPHARM LABORATORIES, LLC, : AND SPIRIDON SPIREAS : : APPEAL OF: SIGMAPHARM : No. 3116 EDA 2024 LABORATORIES LLC :

Appeal from the Judgment Entered November 4, 2024 In the Court of Common Pleas of Bucks County Civil Division at No(s): 2014-06777

SIGMAPHARM LABORATORIES LLC, : IN THE SUPERIOR COURT OF I3PHARMACEUTICALS, LLC : PENNSYLVANIA : v. : : RAKESH GROVER, LAI OGUNBIYI, : ISHARI PIYA SHRESTHA, SUNIL : SAGI, AND RAM KALLUR, : : v. : : SIGMAPHARM LABORATORIES, LLC, : AND SPIRIDON SPIREAS : : No. 3117 EDA 2024 APPEAL OF: SPIRIDON SPIREAS :

Appeal from the Judgment Entered November 4, 2024 In the Court of Common Pleas of Bucks County Civil Division at No(s): 2014-06777 J-A27046-25 J-A27047-25

BEFORE: BOWES, MURRAY, and BECK, JJ.

MEMORANDUM BY BOWES, J.: FILED JUNE 3, 2026

Sigmapharm Laboratories, LLC (“Sigmapharm”), and its chairman and

chief executive officer (“CEO”), Spiridon Spireas, separately appeal from the

judgments entered against them and in favor of Rakesh Grover, Lai Ogunbiyi,

Ishari Piya Shrestha, Sunil Sagi, and Ram Kallur (collectively the “Former

Employees”), following a jury trial on multiple claims and counterclaims. 1 In

Sigmapharm’s appeal, the judgments are affirmed in part, reversed in part,

and vacated in part, and we remand for a new trial on the Former Employees’

damages for breach of written contracts. For Spireas’s appeal, the judgment

is affirmed in part and vacated in part, and we remand for a new trial on the

Former Employees’ claim for breach of fiduciary duty.

I. Facts and Procedural History

This story begins at Long Island University (“LIU”) in the 1990s. Spireas

was a professor who taught and mentored Grover, Shrestha, Sagi, and Kallur

in their graduate studies in pharmaceutics. Spireas later recruited the four of

them to work at Mutual Pharmaceuticals (“Mutual”), where Spireas was Vice

President (“VP”) of Research and Development (“R&D”) and Ogunbiyi was VP

____________________________________________

1 Although we have not included titles or post-nominals in identifying and discussing the individual parties to this appeal, all of them hold advanced degrees, including doctorates earned by Spireas, Grover, and Ogunbiyi.

-2- J-A27046-25 J-A27047-25

of Business Development. Spireas had aspirations of forming his own

company. He often chatted with the Former Employees about coming to join

him if he did, promising each a five to ten percent ownership stake in the yet-

to-be-formed enterprise. They had these discussions “[a]ll the time,”

although “not [with a] great deal” of specifics. See N.T. Trial, 4/16/24, at 33.

While Grover thrived and was promoted within R&D, Mutual removed

Spireas in the spring of 2004, creating a department for him without

subordinate employees. Spireas, displeased at the prospect of being replaced

by his student, urged Grover to leave Mutual. Grover complied in July 2004,

taking a pay cut to go to elsewhere. Mutual fired Spireas that autumn, and

terminated Ogunbiyi shortly thereafter for refusing to “say something that was

not complimentary of . . . Spireas.” N.T. Trial, 4/19/24, at 123. Kallur

resigned and took a new position in February 2005. Sagi left his full-time

position at Mutual in June 2005, but continued part time for a few months.

Shrestha was the last to leave, moving to another pharmaceutical company

in August 2005.2

2 As described by Kallur, the Former Employees took positions at other companies in furtherance of Spireas’s plan to start his own company with the Former Employees as co-owners, since, due to a non-compete agreement, Spireas was unable to hire them directly from Mutual. See N.T. Trial, 4/18/24, at 37.

-3- J-A27046-25 J-A27047-25

Spireas founded Sigmapharm in February 2005. He and his wife were

the two Initial Members.3 Pursuant to its Operating Agreement, Sigmapharm

was established as a manager-managed limited liability company (“LLC”). 4

The Operating Agreement identified Spireas as the initial Chairman and CEO

of Sigmapharm, along with his wife as Executive VP and Secretary.

Appointment of additional officers was at the discretion of the board of

managers.

Sigmapharm had four classes of membership units. Series A units,

issued only to the Initial Members, entitled them to vote and to receive a share

of distributions of net operating cash flow and net proceeds of capital events. 5

Series B Units were to be issued to members in exchange for services rendered

to the company, while a contribution of additional capital resulted in a member

receiving Series C units.6 Members holding Series B and C units were entitled

3 As she is not a party and does not factor in the events at issue in this appeal,

we decline to name Spireas’s wife and further tax readers’ memories.

4Our references to “Operating Agreement” are to the controlling Amended and Restated Limited Liability Operating Agreement executed on June 15, 2007, admitted at trial as Exhibit P-18.

5 Essentially “net operating cash flow” meant net profits, while “net capital event proceeds” was defined as the net value realized from, inter alia, sale of Sigmapharm’s assets or payment of insurance or other claims to the company. See Operating Agreement at ¶ 1.1.

6 The Operating Agreement contained the caveat that no new Series B units

could be issued if it would result in Series B units accounting for more than (Footnote Continued Next Page)

-4- J-A27046-25 J-A27047-25

to receive distributions of net operating cash flow and net proceeds of capital

events, but Series B and C units carried no voting rights during the lifetimes

of the Initial Members.7 Upon the occurrence of a “conversion event,” which

was a termination of the Agreement for any reason other than death,

disability, retirement, or cause, a member’s Series B units would convert to

Series D units.8 Series D units were eligible for net proceeds of capital events,

but had no voting rights and no entitlement to distributions of net operating

cash flow.

Upon the occurrence of an “event of dissociation,” which included the

resignation or removal of a person as a member, the voting member with the

largest ownership interest in Sigmapharm, or the company itself, had the

10% of all units. See Operating Agreement at ¶ 4.3(a). Spireas indicated that, in this respect, he modeled Sigmapharm after Mutual, which allocated up to a total of 5% employee equity in the company. However, he elected to double the cap on employee ownership. See N.T. Trial, 4/9/24 (Spireas Vol. 1), at 46.

7 The Operating Agreement provided that when both Initial Members become

deceased, all Series B and Series C units automatically will convert to voting units. See Operating Agreement at ¶ 4.14(b). In other words, once Spireas and his wife are dead, Sigmapharm’s capital contributors and employees will have the right to vote on the management of the company in accordance with the number of B and C units they hold.

8 The conversion rate was to be the number of years up to twenty that the

employee member worked for Sigmapharm divided by twenty.

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