TALANSKY v. SCHULMAN


2 A.D.3d 355 (2003)

770 N.Y.S.2d 48

MORRIS TALANSKY, Appellant, v. FREDERICK SCHULMAN, Respondent.

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

December 30, 2003.


This action arises out of a business investment by plaintiff in a publicly traded company. According to the complaint, on July 30, 1998, plaintiff met defendant through a mutual friend, nonparty Ira Kanarick. At that time, defendant was an officer at RAS Securities Corp.1 At that meeting, defendant advised plaintiff about an investment opportunity in The Forgotten Woman, Inc., a publicly traded company in the retail women's clothing business,...

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