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CHESTNUT HILL PARTNERS, LLC v. VAN RAALTE

45 A.D.3d 434 (2007)

847 N.Y.S.2d 18

CHESTNUT HILL PARTNERS, LLC, Respondent-Appellant, v. PETER VAN RAALTE et al., Respondents, and CORINTHIAN CAPITAL GROUP, LLC, et al., Appellants-Respondents.

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

Decided November 20, 2007.

The complaint alleges that plaintiff entered into a finder's fee agreement with nonparty Lincolnshire Management, Inc. (Lincolnshire) for the acquisition of a target company, Sabre. Lincolnshire decided against acquiring the company and the individual defendants, who were former Lincolnshire employees, subsequently formed Corinthian, which later acquired Sabre. Under the circumstances, the court properly declined to dismiss the complaint as against Corinthian and Sabre since...

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