BERZIN v. W.P. CAREY & CO., INC.


293 A.D.2d 320 (2002)

740 N.Y.S.2d 63

STEVEN M. BERZIN, Appellant, v. W.P. CAREY & CO., INC., Respondent.

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

Decided April 11, 2002.


The parties entered into a written employment agreement that was to run until December 31, 2001 unless terminated earlier, and could be terminated by defendant with or without cause. In January 1999, defendant offered plaintiff the choice of either entering into a revised and less lucrative agreement or being immediately terminated. Faced with this choice, and allegedly in reliance on oral side agreements in which defendant promised to forgive a debt incurred by plaintiff...

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