JOSEPHBERG v. CREDE CAPITAL GROUP, LLC

1593, 650915/13.

140 A.D.3d 629 (2016)

34 N.Y.S.3d 447

2016 NY Slip Op 05086

RICHARD JOSEPHBERG, Appellant, v. CREDE CAPITAL GROUP, LLC, et al., Respondents.

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

Decided June 28, 2016.


The motion court erred in dismissing plaintiff's breach of contract causes of action as barred by the statute of frauds (see CPLR 3211 [a] [5]). Plaintiff alleges that defendant Socius orally agreed to provide him with 15% of the profits generated by financing transactions originated by him. The emails to which he points, authored by defendants Wachs and Peizer, equal partners in Socius, confirm the material elements of this alleged agreement and therefore satisfy...

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