Navigation Former Business Partner Accused of Breach of Fiduciary Duty
In a dramatic legal battle that could reshape the dynamics of a Florida-based business, Estetique International LLC and its co-founder Seif Sidky have filed a lawsuit against former business partner Candice Piroli. The complaint, lodged by the plaintiffs on June 27, 2024, in the Circuit Court of the 15th Judicial Circuit in Palm Beach County, Florida, accuses Piroli of multiple breaches of fiduciary duty and other serious allegations.
The plaintiffs claim that they co-founded Estetique International LLC with Piroli on May 28, 2019. Both Sidky and Piroli initially held equal ownership stakes and management roles within the company. However, tensions escalated when Piroli allegedly began siphoning funds from the company’s accounts for personal use starting in January 2024. By March 29, 2024, she had ceased conducting transactions through the LLC’s accounts entirely. According to the complaint, “Defendant ceased conducting transactions using the LLC’s accounts entirely, siphoning monies from all transactions for herself.”
Sidky and Estetique International LLC further allege that Piroli engaged in direct competition with their business by continuing to serve clients at an undisclosed location after leaving their Boca Raton office on April 12, 2024. This move not only violated their operating agreement but also tarnished both Sidky’s and the company’s reputations. The plaintiffs assert that “Defendant has been engaging in business activities in direct competition with the LLC” and has been defaming Sidky to clients and vendors.
