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DESIDERI v. D. M. F. R. GROUP

230 A.D.2d 503 (1997)

660 N.Y.S.2d 714

Franco Desideri, Respondent, v. D. M. F. R. Group (USA) Co., Appellant

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

July 3, 1997

Attorney(s) appearing for the Case

Jordan W. Siev of counsel, New York City (Kristen M. Eriksson on the brief; Anderson Kill & Olick, P. C., attorneys), for respondent.

David Zaslowsky of counsel, New York City (Baker & McKenzie, attorneys), for appellant.

SULLIVAN, J. P., MILONAS and MAZZARELLI, JJ., concur.

WALLACH, J.

At a closing in March 1990, defendant, an Italian investment entity whose principal was Mario Catelli, purchased 85% of the common stock of Reich & Co., a New York City brokerage corporation, with plaintiff acting as one of the buyer's agents and advisers. Following this acquisition, plaintiff entered into an employment contract whereby he was to serve as chief executive officer (CEO) of Reich...

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