CAPITAL SOURCES, INC. v. VITAL SIGNALS, INC.


191 A.D.2d 193 (1993)

594 N.Y.S.2d 221

Capital Sources, Inc., et al., Appellants, v. Vital Signals, Inc., et al., Respondents

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

March 4, 1993


The IAS Court properly determined that triable issues of fact exist as to both the proper interpretation and the parties' intent with respect to the pivotal language in their contractual agreement concerning the private offering of shares of common stock constituting the "First Financing" and as to whether the defendants' obligation to make payment to the plaintiffs for their corporate services ripened whenever defendants obtained financing in an amount in excess of $1 million...

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