MARLIO v. McLAUGHLIN


288 A.D.2d 97 (2001)

734 N.Y.S.2d 4

GERARD M. MARLIO, Appellant-Respondent, v. JAMES J. McLAUGHLIN, Respondent-Appellant.

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

Decided November 20, 2001.


Plaintiff's action is predicated on the breach of an oral contract to purchase his interest in a Netherlands Antilles banking company for a sum equal to three times his initial investment. Plaintiff's claim is predicated upon a conversation with a decedent, John Aldrich, who is alleged to have acted as defendant's agent and to have extended defendant's offer to purchase plaintiff's shares in the corporation on December 16, 1991. John Aldrich, together with his brother Frank...

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