COLUMBIA ASSET MGMT. CORP. v. EMERSON EQUITIES


75 N.Y.2d 759 (1989)

Columbia Asset Management Corp., Appellant, v. Emerson Equities et al., Respondents.

Court of Appeals of the State of New York.

Decided December 21, 1989.


Attorney(s) appearing for the Case

Allen Green for appellant.

Filip L. Tiffenberg for respondents.

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


MEMORANDUM.

The order of the Appellate Division should be reversed, with costs, and the complaint reinstated.

Under the parties' agreement, plaintiff, a licensed broker-dealer, agreed to solicit potential investors for certain of defendants' real estate syndication projects and defendants agreed to pay plaintiff a commission and due diligence fees on any investment units it placed. Pursuant to this agreement, defendants...

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