
    Lisa VIONI and Hedge Connection, Inc., Plaintiffs-Appellants, v. AMERICAN CAPITAL STRATEGIES, LTD.; Providence Investment Management, L.L.C.; Providence Investment Partners, L.L.C.; and Russell Jeffrey, Defendants-Appellees.
    No. 11-4496.
    United States Court of Appeals, Second Circuit.
    Jan. 18, 2013.
    
      Michael Quinn Carey, Carey & Associates LLC, New York, NY, for Appellant.
    Stewart D. Aaron, (Erik C. Walsh, on the brief), Arnold & Porter, LLP, New York, NY, for Appellee American Capital Strategies, Ltd.
    Neil H. Klausner, (David S. Greenberg, Davis & Gilbert LLP, New York, NY, Gerald C. Maria, John F. Kelleher, Higgins, Cavanaugh & Cooney, LLP, Providence, RI, on the brief), Davis & Gilbert LLP, New York, NY, for Appellees Providence Investment Management, L.L.C.; Providence Investment Partners, L.L.C.; and Russell Jeffrey.
    PRESENT: DENNIS JACOBS, Chief Judge, JON O. NEWMAN, REENA RAGGI, Circuit Judges.
   SUMMARY ORDER

Lisa Vioni appeals from the judgment of the United States District Court for the Southern District of New York (Crotty, /.), granting summary judgment in favor of defendants-appellees and imposing sanctions on Vioni’s attorney, Michael Quinn Carey. Vioni brought this action for breach of contract and quantum meruit to recover a finder’s fee she alleges was owed for introducing Russell Jeffrey of Providence Investment Management, L.L.C., and Providence Investment Partners, L.L.C. (collectively “Providence”) to Robert Grünewald of American Capital Strategies, Ltd. (“American Capital”). The district court held that Vioni had failed to satisfy New York’s statute of frauds. We assume the parties’ familiarity with the underlying facts, the procedural history, and the issues presented for review.

We review de novo a district court’s grant of summary judgment. Mario v. P & C Food Mkts., Inc., 318 F.3d 758, 763 (2d Cir.2002). We review a district court’s decision to impose sanctions for abuse of discretion. Wolters Kluwer Fin. Sevs., Inc. v. Scivantage, 564 F.3d 110, 113 (2d Cir.2009).

1. “In order to recover in quantum meruit under New York law, a claimant must establish ‘(1) the performance of services in good faith, (2) the acceptance of the services by the person to whom they are rendered, (3) an expectation of compensation therefor, and (4) the reasonable value of the services.’ ” Mid-Hudson Catskill Rural Migrant Ministry, Inc. v. Fine Host Corp., 418 F.3d 168, 175 (2d Cir.2005) (quoting Revson v. Cinque & Cinque, P.C., 221 F.3d 59, 69 (2d Cir.2000)). Both parties must understand that the party performing the sendees has a reasonable expectation of compensation for those services. See Aluminum Fair, Inc. v. Abdella, 90 A.D.2d 603, 456 N.Y.S.2d 184, 185 (1982); DiBella v. Hopkins, 187 F.Supp.2d 192, 201 (S.D.N.Y.2002).

2. Under New York’s statute of frauds, any “contract to pay compensation for services rendered in negotiating a loan, or in negotiating the purchase [or] sale ... of a business opportunity, business, its good will, inventory, fixtures or an interest therein,” must be in writing to be enforceable. N.Y. Gen. Oblig. Law § 5-701(a)(10). this applies to claims for quantum meruit. Morris Cohon & Co. v. Russell, 23 N.Y.2d 569, 297 N.Y.S.2d 947, 245 N.E.2d 712 (1969). To satisfy the statute of frauds for a claim for quantum meruit, “a sufficient memorandum need only evidence the fact or plaintiffs employment by defendant to render the alleged services.” Id. at 575-76, 297 N.Y.S.2d 947, 245 N.E.2d 712. The memorandum need not contain an express agreement to pay for the services; the agreement can be found “by reasonable construction and necessary implication.” Id. at 574, 297 N.Y.S.2d 947, 245 N.E.2d 712. The memorandum may postdate the services. See id. at 574-76, 297 N.Y.S.2d 947, 245 N.E.2d 712.

3. Vioni’s claim against American Capital fails because the only discussions Vioni had with Grünewald about compensation involved potential marketing work for American Capital, work that never materialized. That part of the district court’s opinion granting summary judgment in favor of American Capital is therefore AFFIRMED.

4. Vioni’s claim against Jeffrey and Providence, on the other hand, satisfies the statute of frauds. Writings from March 26, 2007; April 19, 2007; and June 5, 2007 together permit a finding that Jeffrey hired Vioni to introduce him to persons with whom Jeffrey could enter into any mutually beneficial arrangement for his investment business. That part of the district court’s opinion granting summary judgment in favor of Jeffrey and Providence is therefore REVERSED.

5. The district court did not abuse its discretion in imposing sanctions on Vioni’s attorney, Michael Quinn Carey, for taking wasteful depositions. The district court’s award was not excessive and was supported by a well-reasoned and thorough accounting of the precise way in which the depositions at issue were frivolous, repetitive, or time — wasting. We therefore AFFIRM the district court’s decision to impose sanctions.

For the foregoing reasons, we hereby AFFIRM IN PART and REVERSE IN PART the judgment of the district court. The ease is remanded to the district court for further proceedings.  