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KREUTTER v. McFADDEN OIL CORP

71 N.Y.2d 460 (1988)

Albert E. Kreutter, Appellant, v. McFadden Oil Corp. et al., Defendants, and Harmony Drilling Co., Inc., et al., Respondents.

Court of Appeals of the State of New York.

Decided March 29, 1988.

Attorney(s) appearing for the Case

F. James Kane, Jr., and William C. Rieth for appellant.

Philip B. Abramowitz and John A. Collins for respondents.

Chief Judge WACHTLER and Judges KAYE, ALEXANDER and BELLACOSA concur; Judges TITONE and HANCOCK, JR., taking no part.

SIMONS, J.

Plaintiff, a resident of Hamburg, New York, sought to invest in a Texas oil venture and for that purpose he delivered $70,000 to defendant Brian McFadden and Company, Inc., a Texas corporation which markets oil investments through its office in New York City. After various transfers involving defendants McFadden Oil Corporation and Harmony Drilling Company...

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