GOTTLIEB v. CINEMA EQUITIES, INC.


36 A.D.2d 935 (1971)

Martin Gottlieb et al., Respondents, v. Cinema Equities, Inc., et al., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

May 20, 1971


Appellants shall recover of respondents $50 costs and disbursements of this appeal. The individual parties and another person deposited shares of stock in three corporations, pursuant to a written contract, for the purpose of exchange for shares in the to-be-formed corporate defendant. Plaintiffs, claiming an oral agreement that the written contract was not to be effective until and if the new corporation acquired adequate public financing — an event which never transpired...

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