General Media, Inc. v. Lichtenstein

Judgment, Supreme Court, New York County (Walter Tolub, J.), entered January 17, 2003, which, after a nonjury trial, inter alia, awarded plaintiffs, against defendants, jointly and severally, the principal sum of $225,000, unanimously affirmed, with costs.

The trial court properly found that the parties’ 1996 agreement obligating defendants to repay plaintiffs the principal sum of $225,000 was never superseded, as alleged by defendants, by a 1998 agreement freeing them of the repayment obligation. The purported 1998 agreement, although drafted, was never signed by all the necessary parties,…