How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Tina Your Own Question
Tina, Lawyer
Category: Legal
Satisfied Customers: 8775
Experience:  JD, BBA Over 25 years legal and business experience.
Type Your Legal Question Here...
Tina is online now
A new question is answered every 9 seconds

My business partner and I had a disagreement over $3144. He

Customer Question

My business partner and I had a disagreement over $3144. He terminated me for misappropriation of funds 2/2012. I denied allegations referred to an attorney. November 26, 2012 he terminated me from Wells Fargo Bank Accounts totalling about $200,000. and from database preventing client access for business. Suit filed in December 2013. Wells Fargo and Kaplan did not have amended LLC agreements to take me off accounts and did so only by his signing paperwork on same. To date, I have not signed any settlement on this case. At this point I would like to sue both these big institutions for allowing my partner to do this without my express consent. I voiced objections to Kaplan immediately and Wells Fargo to no avail.
Submitted: 1 year ago.
Category: Legal
Expert:  WALLSTREETFIGHTER replied 1 year ago.

This is an unfortunate situation, it is clear you have a valid lawsuit against your partner, however a lawsuit against the bank would be difficult, unless you can show that when you opened the corporate account, it stated specifically all partners could only withdraw funds not one.

Expert:  WALLSTREETFIGHTER replied 1 year ago.

You would have to show the bankers violated a specific clause or agreement you had that did not allow the fraud, if you have such an agreement a suit should be considered.