DENENBERG v. SCHAEFFER

2015-06270, Index No. 600680/15.

137 A.D.3d 1197 (2016)

29 N.Y.S.3d 387

2016 NY Slip Op 02316

ROBERT DENENBERG, Appellant, v. RICHARD SCHAEFFER, Respondent.

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

Decided March 30, 2016.


Ordered that the order is affirmed insofar as appealed from, with costs.

The plaintiff purchased shares of stock in a certain corporation. After the price of the stock fell, the plaintiff sold his shares at a loss. The plaintiff subsequently commenced this action against the defendant, who was an officer of the corporation, and who had allegedly urged the plaintiff to invest in it. The complaint alleged that the defendant had orally agreed to indemnify him for any...

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