Falconwood Corp. v. In-Touch Technologies, Ltd.
Opinion of the Court
Order, Supreme Court, New York County (Beatrice Shainswit, J.), entered October 10, 1995, which granted plaintiffs’ motion for summary judgment to the extent of dismissing defendants’ counterclaims for tortious interference with actual and prospective contractual relations and defamation, unanimously modified on the law, also to dismiss the counterclaims for breach of a joint venture agreement and misappropriation of trade secrets, and otherwise affirmed, without costs.
Defendants fail to come forward with evidence sufficient to support their claim of a joint venture between plaintiff Falcon-wood and defendant In-Touch. There is no evidence indicating that the two were to share in profits, losses, or even revenues (see, Natuzzi v Rabady, 177 AD2d 620, 622), and while Falcon-wood acquired a large percentage of In-Touch’s capital stock, the transfer was nominal, conferred no economic rights, and it
Case-law data current through December 31, 2025. Source: CourtListener bulk data.