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VELTMAN v. NORTON SIMON, INC.

No. 74 Civ. 4862 (MP).

425 F.Supp. 774 (1977)

Preston L. VELTMAN and Irving L. Ochs, Plaintiffs, v. NORTON SIMON, INC. et al., Defendants.

United States District Court, S. D. New York.

January 26, 1977.

Attorney(s) appearing for the Case

A. Lincoln Epworth, New York City, for plaintiffs.

Breed, Abbott & Morgan, New York City, for defendant Denver Chemical Mfg. Co., Inc., by Charles Kadish, Arthur Kokot, New York City.

POLLACK, District Judge.

This is a diversity suit within the jurisdiction of this Court under 28 U.S.C. § 1332 presented at a bench trial seeking to enforce a contractual obligation to pay royalties to plaintiffs for the exclusive use of two United States patents for a period of 25 years. The patents expired before the 25 years ended and the licensee refused payment of royalties payable under the contract after such expiration. The defendant Denver (Denver Chemical...

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