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  5. 227 A.D.2d 215 (1996)
 

FALCONWOOD CORP. v. IN-TOUCH TECHS., LTD.

227 A.D.2d 215 (1996)

642 N.Y.S.2d 869

Falconwood Corporation et al., Appellants-Respondents, v. In-Touch Technologies, Ltd., et al., Respondents-Appellants, et al., Defendant

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

May 14, 1996

Defendants fail to come forward with evidence sufficient to support their claim of a joint venture between plaintiff Falconwood and defendant In-Touch. There is no evidence indicating that the two were to share in profits, losses, or even revenues (see, Natuzzi v Rabady, 177 A.D.2d 620, 622), and while Falconwood acquired a large percentage of In-Touch's capital stock, the transfer was nominal, conferred no economic rights...

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