Brighton Investment, Ltd. v. Har-Zvi
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtGarry, J.
*1221In 2004, plaintiff, a foreign corporation, and defendant, a securities and derivatives trader residing in the City of Saratoga Springs, Saratoga County, reached an agreement by which defendant invested plaintiffs funds. The agreement was memorialized in a memorandum of understanding (hereinafter the 2004 MOU) signed by defendant and Eldad Levy, plaintiffs representative. In early 2005, plaintiff advised that it wished to withdraw the funds. In response, defendant proposed an alternate investment plan, by which defendant would guarantee the full return of plaintiffs original investment, plus…
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