John Coleman v. Golkin, Bomback & Co., Inc., a Corporation and Saul Golkin

RUSSELL E. SMITH, District Judge:

From the findings of the district court, amply sustained by the evidence, it appears that plaintiff Coleman, by reason of his services for and agreements with Divine & Fishman, Inc., a New York brokerage firm, became entitled to 10% of an option held by Divine & Fishman, Inc. to purchase, at $2.00 per share, 50,000 shares of the stock of Gellman Manufacturing Company. Initially, Coleman’s rights rested in an oral agreement fixing the terms of his compensation. The oral agreement was reduced to writing in a document entitled “Nominee Agreement” by which Divine…