Trump v. Corcoran Group, Inc.

Judgment, Supreme Court, New York County (Ira Gammerman, J.), entered July 30, 1996, which, after a nonjury trial, dismissed the complaint, unanimously affirmed, with costs.

Despite the nomenclature in the parties’ agreements and communications, the only duty that defendants owed plaintiff was to introduce him to certain investors. Although defendants’ compensation would be payable only if an investment were made, this did not transform them into fiduciaries. Defendants did not have the power to bind plaintiff, were excluded from substantive negotiations over the terms of the project, and, by…