Paul Meier v Stonebrook Structured Products, LLC

Meier v Stonebrook Structured Prods., LLC 2005 NY Slip Op 03751 [18 AD3d 228] May 5, 2005 Appellate Division, First Department Published by New York State Law Reporting Bureau pursuant to Judiciary Law § 431. As corrected through Wednesday, July 20, 2005

Paul Meier, Appellant,
v
Stonebrook Structured Products, LLC, Respondent.

—[*1]

Order, Supreme Court, New York County (Diane A. Lebedeff, J.), entered May 7, 2004, which granted defendant's motion to dismiss the complaint, unanimously affirmed, without costs.

Plaintiff sought a judgment declaring that he had an 18% ownership interest in the company that hired him, which was defendant's predecessor. Contrary to his claim, the terms of the offer letter, including the buyout provision, were specific and certain. Once plaintiff accepted the offer, there was an enforceable agreement. The buyout provision was not contingent on anything other than termination of employment and payment of par value, which occurred here (see e.g. F & S Pharm. v Dandra Realty Corp., 302 AD2d 204 [2003]).

We have considered plaintiff's remaining arguments and find them unavailing. Concur—Buckley, P.J., Saxe, Nardelli, Williams and Catterson, JJ.