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  5. 74 N.Y.2d 644 (1989)
 

BARCLAY ARMS, INC. v. BARCLAY ARMS ASSOCS.

74 N.Y.2d 644 (1989)

Barclay Arms, Inc., Appellant, v. Barclay Arms Associates et al., Respondents.

Court of Appeals of the State of New York.

Decided May 11, 1989.

Attorney(s) appearing for the Case

Robert G. Benisch and David E. Wolff for appellant.

Michael M. Meadvin for respondents.

Chief Judge WACHTLER and Judges SIMONS, KAYE, ALEXANDER, TITONE, HANCOCK, JR., and BELLACOSA concur.

MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs.

In October 1980, plaintiff entered into an agreement with defendants to transfer an interest in certain apartment buildings to defendants. The agreement provided, inter alia, for sharing 25% of the profits upon conversion of the buildings to cooperative ownership. Defendants converted the...

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