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ASHLAND MGT. v. JANIEN

82 N.Y.2d 395 (1993)

624 N.E.2d 1007

604 N.Y.S.2d 912

Ashland Management Incorporated, Appellant, v. C. Christopher Janien, Respondent. (And a Third-Party Action.)

Court of Appeals of the State of New York.

Decided November 22, 1993.

Attorney(s) appearing for the Case

Paul, Hastings, Janofsky & Walker, New York City (Lawrence I. Weinstein, Lisa M. Buckley and Roger M. Milgrim of counsel), for appellant.

Davis & Gilbert, New York City (Michael C. Lasky, Bruce M. Ginsberg and Howard Weingrad of counsel), for respondent.

Chief Judge KAYE and Judges TITONE, HANCOCK, JR., BELLACOSA, SMITH and LEVINE concur.

SIMONS, J.

This litigation involves a dispute between an investment management firm and a former employee. The employee developed a mathematical model for determining investment strategy and sought unsuccessfully to sell it to the firm. A dispute arose during the negotiations and plaintiff, Ashland Management Inc., instituted this action seeking to foreclose defendant from using his model. It alleged that the...

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