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KREISS v. McCOWN DE LEEUW & CO.

No. 97 Civ. 09448 GEL.

131 F.Supp.2d 428 (2001)

David B. KREISS and Gregory M. Shelton, Plaintiffs, v. McCOWN DE LEEUW & CO. and Outsourcing Solutions, Inc, Defendants.

United States District Court, S.D. New York.

January 19, 2001.

Attorney(s) appearing for the Case

Richard M. Zaroff, Wormser, Kiely, Galef & Jacobs, LLP, New York City, for plaintiffs.

Glen M. Kurtz, White & Case, LLP, New York City (Daniel P. Goldberg, of counsel), for defendants.

OPINION AND ORDER

LYNCH, District Judge.

This diversity case, acknowledged by the parties to be governed by New York law, arises from the founding of a company, Outsourcing Solutions, Inc. ("OSI"). OSI, one of the defendants in this action, is engaged in the acquisition of debt-portfolio purchasing and contingent-fee collection companies. The other defendant in this action, McCown De Leeuw & Co. ("MDC") (collectively with OSI, "Defendants"), is...

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