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SHEA v. HAMBROS

244 A.D.2d 39 (1998)

673 N.Y.S.2d 369

Kevin D. Shea et al., Respondents, v. Hambros PLC et al., Appellants

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

May 7, 1998

Attorney(s) appearing for the Case

Joel A. Kirsch of counsel (Thomas C. Morrison and Sheryl A. Stoessel on the brief; Patterson, Belknap, Webb & Tyler, L. L. P., attorneys), for respondents.

John P. Stigi, III, of counsel (Alan R. Glickman and Antoinette Passanante on the brief; Schulte Roth & Zabel, L. L. P., attorneys), for appellants.

WALLACH, WILLIAMS, TOM and MAZZARELLI, JJ., concur.

MILONAS, J. P.

In 1983, plaintiff Kevin Shea and defendant N. Price Paschall formed an investment banking company. Albert Macchioni joined the business in 1985, after which it was known as Shea, Paschall & Macchioni, Inc. (SPM). The following year, SPM entered into an informal relationship with defendant Hambros PLC, a British holding company, and its American subsidiary, defendant Hambro America Inc. (HAI...

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