Legal Opinion
JMF Consulting Group II, Inc. v. Beverage Marketing USA, Inc.
Appellate Division of the Supreme Court of the State of New York
Decided July 5, 2012Published
1Opinion of the Court
In 1992 the third-party defendant, John M. Ferolito, and nonparty Domenick Vultaggio founded the defendant/ counterclaim plaintiff/third-party plaintiff Beverage Marketing USA, Inc. (hereinafter BMU). BMU is one of a group of closely-held companies owned by Ferolito, Vultaggio, and their respective families, which produce and sell Arizona Iced Tea and related beverages.
On January 1, 2006, BMU executed a promissory note in favor of the plaintiff/counterclaim defendant, JMF Consulting Group II, Inc. (hereinafter JMF), in the amount of $20,000,000 payable on demand. In 2008, JMF commenced this…
2Cases cited16 opinions
- EBC I, Inc. v. Goldman, Sachs & Co.New York Court of Appeals · 2005
- Joseph Martin, Jr., Delicatessen, Inc. v. SchumacherNew York Court of Appeals · 1981
- Morgenthau v. ErlbaumNew York Court of Appeals · 1983
- Apple Records, Inc. v. Capitol Records, Inc.Appellate Division of the Supreme Court of the State of New York · 1988
- Marine Midland Bank-Southern v. ThurlowNew York Court of Appeals · 1981
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