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ANDREWS v. CERBERUS PARTNERS

271 A.D.2d 348 (2000)

707 N.Y.S.2d 85

HOLDT ANDREWS, Appellant, v. CERBERUS PARTNERS, Respondent.

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

Decided April 25, 2000.

Plaintiff's attempt to establish an oral agreement to enter into a joint venture must fail because of the absence of any allegation that the parties were to share losses (see, Matter of Steinbeck v Gerosa, 4 N.Y.2d 302, 317, appeal dismissed 358 U.S. 39). Furthermore, any argument that plaintiff was entitled to a 15% equity interest as a result of the information he imparted to defendant concerning...

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