Ioannides involved a breach of contract and fraudulent inducement claim between two doctors, Dr. Tim Ioannides and Dr. Richard Romagosa. The two met during Dr. Romagosa’s first year of medical school. Dr. Ioannides, who was further along in his studies, opened a dermatology practice and recruited Dr. Romagosa to open a satellite office. According to the allegations in the fraudulent inducement claim, Dr. Ioannides told Dr. Romagosa that “if he worked for Defendants his total annual compensation from salary and bonuses would easily exceed $500,000 per year for the years prior to making partner.” Thereafter, the parties entered into a contract which contained specific provisions regarding how Dr. Romagosa’s salary and bonuses would be calculated. After twenty three months, Dr. Romagosa left the practice because the relationship with Dr. Ioannides soured, and he subsequently filed suit against Dr. Ioannides claiming a breach of the employment contract and further claiming that Dr. Ioannides had fraudulently induced him into it by orally representing that he would earn $500,000 per year.