Majority
Judgment, Supreme Court, New York County (Shirley Werner Kornreich, J), entered October 31, 2002, which, after a nonjury trial, awarded plaintiffs damages upon their claim for breach of fiduciary duty, unanimously affirmed, with costs.
The trial testimony overwhelmingly established that plaintiffs and defendant entered into a joint venture to acquire an apartment for their mutual benefit, and that each party contributed to the apartment’s purchase (see Richbell Info. Servs. v Jupiter Partners, 309 AD2d 288 , 298 [2003]). Accordingly, the trial court properly found that when defendant sold the apartment without plaintiffs’ consent, and retained the proceeds of the sale for himself, he breached his fiduciary duty to plaintiffs.
Cases cited
- Richbell Information Services, Inc. v. Jupiter Partners, L.P. 309 AD2d 288 at 298 p. 216
- Talvy v. American Red Cross in Greater New York 205 AD2d 143 at 152 p. 217
- Talvy v. American Red Cross in Greater New York 87 NY2d 826 p. 217
- Sokolow, Dunaud, Mercadier & Carreras LLP v. Lacher 299 AD2d 64 at 76 p. 217