NOVARO v. JOMAR REAL ESTATE CORP.


163 A.D.2d 69 (1990)

Joseph A. Novaro, Appellant, v. Jomar Real Estate Corp. et al., Respondents

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

July 3, 1990


Plaintiff did demonstrate a strong case that the individual defendants had breached the parties' October 1972 joint venture agreement, requiring equal distribution of the net proceeds of the venture, as well as their February 1983 stipulation of settlement, requiring all distributions to be made on an equal basis and barring payment of any dividend without a like dividend being concurrently paid to every other shareholder. Nonetheless, the Supreme Court properly refused to...

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