Plaintiff made a prima facie showing of defendant's liability for breach of a contract, based upon defendant's failure to pay $7.5 million, as required pursuant to the terms of the parties' Transaction Agreement, in exchange for a majority interest in plaintiff, after approval was received from the relevant Brazilian regulatory agency (see Gordon v Schaeffer, 176 A.D.3d 431 [2019]; VisionChina Media Inc. v Shareholder Representative Servs., LLC,
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QUATTRO PARENT LLC v. RAKIB
11292, 651555/17.
181 A.D.3d 518 (2020)
121 N.Y.S.3d 250
2020 NY Slip Op 01966
Quattro Parent LLC, Respondent, v. Zaki Rakib, Appellant.
Appellate Division of the Supreme Court of New York, First Department.https://leagle.com/images/logo.png
Decided March 19, 2020.
Decided March 19, 2020.
Appellate Division of the Supreme Court of New York, First Department.
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