Ocelot Capital Management, LLC v. Hershkovitz
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
These actions involve a dispute between inter-related corporate entities regarding whether certain assets of one corporate entity, OPH, sold to action 1 and action 2 defendant Hershkovitz, produced more than one promissory note from Hershkovitz for $350,000. OCM and ETL each allege they possess an original promissory note from Hershkovitz, made out in the amount of $350,000. Hershkovitz averred that he made out only one note for $350,000, and he did not challenge the validity of the notes allegedly possessed by either OCM or ETL. ETL’s subsidiary, ETI, held an 80% equity stake in OPH.
The…
2Cases cited5 opinions
- East Side Car v. K.R.K. Capitol, Inc.Appellate Division of the Supreme Court of the State of New York · 1984
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- Wandel v. EisenbergAppellate Division of the Supreme Court of the State of New York · 2009
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