Spector v. National Pictures Corp.

Defendant National Pictures Corporation appeals from an adverse judgment in an action for breach of contract. The facts material to this appeal are as follows: Plaintiffs, individually or through their assignors or predecessors, (herein referred to as “plaintiffs”) were members of a group of investors which severally furnished the sum of $40,000 toward the financing of a motion picture entitled “New Faces of 1952.” Plaintiffs in this action provided $27,000 of the $40,000 furnished by the entire investor group. The funds were provided pursuant to a written agreement (herein referred to as…