Klein v. Smigel

Plaintiff in this action seeks to recover, in quantum meruit, the sum of $90,000 as a finder’s fee for services allegedly rendered in connection with the acquisition of the corporate defendant, Crescent Corset Company, Inc. (Crescent) by NCC Industries, Inc. (NCC). The services allegedly consisted of an introduction of NCC’s president, Sol Kittay, to the defendant Smigel.

Plaintiff bases his claim upon an alleged oral agreement, reached at a conference on August 27, 1970, with the individual defendant Smigel, the principal stockholder and chief executive officer of the corporate defendant.…