FRESNO – A partner of a Fresno company alleges his business partner expelled him from the partnership.
Hagop "Jack" Toutikian, individually and as a general partner of Tiger Auto Sales, filed a complaint on Nov. 13 in the Fresno County Superior Court against Nemir El-Saygeh, as general partner of Tiger Auto Sales, and Does 1 through 20 alleging breach of fiduciary duty, breach of contract and other counts.
According to the complaint, in December 2015, El-Saygeh expressed a desire to purchase Toutikian's half of the business and the partners executed a buy-out agreement. The suit states the defendant was to pay plaintiff $265,000 for his shares of the business at a rate no less than $4,000 per month with additional $400 per month interest on a $50,000 note.
Soon after the agreement was executed, the plaintiff alleges the defendant stopped all payments, took over the day-to-day operations of the Tiger Auto Sales and expelled him from the partnership.
The plaintiff alleges the defendant's actions and inactions were undertaken in conscious disregard of his rights and with malice, oppression and fraud.
The plaintiff requests a trial by jury and seeks judgment consequential damages in the amount of $1.2 million, plus interest, punitive damages, attorney's fees and such other and further relief as the court deems just. He is represented by Yan E. Shrayberman of Law Offices of Yan E. Shrayberman in Fresno.
Fresno County Superior Court case number 18CECG04200