Posts tagged "1201817"

Burns v. Taylor, et al. (Lawyers Weekly No. 12-018-17)

COMMONWEALTH OF MASSACHUSETTS

SUFFOLK, ss.SUPERIOR COURT

CIVILACTION

  1. 2015-00719-BLS1

CHRISTOPHER E. BURNS

HUGH R. TAYLOR and LISA FRANKS

MEMORANDUM OF DECISION AND ORDER ON

DEFENDANTS’ MOTION FOR SUMMARY JUDGMENT

In early 2014, plaintiff Christopher Burns and defendants Hugh Taylorand Lisa Franks formed an investment advisory firm which they called Taylor Wealth Management Partners.  Although they planned on entering into a formal written agreement that would define the terms of their business arrangement, they began their joint enterprise before they had agreed upon all of the terms and memorialized their agreement in a written contract.  By December 2014, terms of their agreement were still being debated, theparties’ relationship hadsoured,and Taylor, with Franks’ consent and assistance, told Burns that he must leave the firm.   Aggrieved by the termination, Burns filedthis action against Taylor and Franks, alleging that their actions constituted a breach of contract and a breach of fiduciary duty.  The matter is now before the court on the defendants’ motion for summary judgment.  For the reasons that follow, the motion is ALLOWED,in part,and DENIED,in part.

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Posted by Stephen Sandberg - March 7, 2017 at 9:47 am

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