Sovran Capital Management is suing Agincourt Capital Management and...

Sovran Capital Management is suing Agincourt Capital Management and eight of the new firm’s employees, claiming they breached their fiduciary duties by making arrangements to start the new company and soliciting clients while working for Sovran. The suit, filed in Richmond, Va., circuit court, alleges while the defendants still worked at Sovran, they were negotiating a joint venture with Bank of America, Sovran’s parent, and were making plans to form their own company. Named as defendants were: Bradley Coats, president of Agincourt; Patrick O’Hara, managing director; Lewis Duncan Buoyer, Patrick Kelly, William Armes and William Putnam, portfolio managers; Laurie Haynie, marketing analyst; and Brian Scott Marshall, analyst. ‘‘This complaint is a continuation of the bullying tactics that led us to resign from Bank of America two weeks ago. Charges that we solicited clients before resigning and/or walked out with proprietary information are totally false,’’ Mr. Coats said in a prepared statement.