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Lazard Freres & Co. v. First National Bank of Maryland

Appellate Division of the Supreme Court of New York, First Department
Jan 13, 2000
268 A.D.2d 294 (N.Y. App. Div. 2000)

Opinion

January 13, 2000

Judgment, Supreme Court, New York County (Charles Ramos, J.), entered November 9, 1998, dismissing the complaint, unanimously affirmed, with costs.

Robert N. Shwartz for Plaintiffs-Appellants.

Read K. McCaffrey for Defendant-Respondent.

SULLIVAN, J.P., WILLIAMS, RUBIN, BUCKLEY, FRIEDMAN, JJ.


The trial court properly dismissed the causes of action sounding in breach of contract, since the parties never agreed on a residual fee payment, but at most had an unenforceable agreement to agree. Plaintiffs sent defendant numerous versions of a proposed residual fee agreement that were materially different and which were never signed and returned by defendant as plaintiffs requested defendant to do if it accepted (see, Martin Delicatessen v. Schumacher, 52 N.Y.2d 105, 109-110). The cause of action in quantum meruit was also properly dismissed. Plaintiffs failed to prove that they rendered any actual post-closing services, as opposed to merely standing ready to perform such services, or the value of the services for which payment is sought (see, Farash v. Sykes Datatronics, 59 N.Y.2d 500, 506).

THIS CONSTITUTES THE DECISION AND ORDER OF SUPREME COURT, APPELLATE DIVISION, FIRST DEPARTMENT.


Summaries of

Lazard Freres & Co. v. First National Bank of Maryland

Appellate Division of the Supreme Court of New York, First Department
Jan 13, 2000
268 A.D.2d 294 (N.Y. App. Div. 2000)
Case details for

Lazard Freres & Co. v. First National Bank of Maryland

Case Details

Full title:LAZARD FRERES CO., et al., Plaintiffs-Appellants, v. FIRST NATIONAL BANK…

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

Date published: Jan 13, 2000

Citations

268 A.D.2d 294 (N.Y. App. Div. 2000)
702 N.Y.S.2d 19

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