DUNAY v. LADENBURG, THALMANN & CO., INC.


170 A.D.2d 335 (1991)

Edward Dunay, Appellant, v. Ladenburg, Thalmann & Co., Inc., et al., Respondents

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

February 21, 1991


In 1974, plaintiff and defendants Weisglass and Koenig formed an at will partnership to engage in the stock brokerage business. All revenue and expenses were to be shared on an equal basis. The partners made no capital contributions to the partnership, though the partnership had secured from the publisher of an investment advisory newsletter the rights to distribute the publication and to be exclusive broker of certain subscribers thereof.

The partnership entered...

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