SPECTRA SECURITIES SOFTWARE, INC. v. MUNIBEX.COM, INC.


307 A.D.2d 835 (2003)

763 N.Y.S.2d 313

SPECTRA SECURITIES SOFTWARE, INC., Appellant, v. MUNIBEX.COM, INC., Defendant, and M.R. BEAL & COMPANY et al., Respondents.

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

Decided August 14, 2003.


In December 1998, M.R. Beal and plaintiff entered into discussions about plaintiff's ability to provide software, services and support to facilitate M.R. Beal's establishment of an Internet-based municipal bond trading network. The negotiations resulted in M.R. Beal and plaintiff executing a letter of intent in June 1999, pursuant to which the parties agreed to negotiate a mutually acceptable agreement in good faith. In May 2000, approximately one week before the execution...

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