VENTUR GROUP, LLC v. FINNERTY

1848, 604394/06

68 A.D.3d 638 (2009)

2009 NY Slip Op 9544

892 N.Y.S.2d 69

VENTUR GROUP, LLC, Respondent, v. DIANE FINNERTY et al., Appellants.

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

Decided December 22, 2009.


After engaging in almost a year of discussions, plaintiff entered into a purchase agreement to acquire the assets of two investment advisory firms (Wealth Management and Asset Management), which were owned by defendant Finnerty. Under the agreement, these assets consisted of management agreements with clients, which could not be assigned without consent. It further provided that "there can be no assurance that Client Consent can or will be obtained with respect to any Management...

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