Walter v. Netherlands Mead, N.V.

MEMORANDUM

In this action, styled in debt, plaintiff seeks to recover the total sum of $325,552.00 from defendant, claimed to be due plaintiff as (a) salary under the terms of an allegedly breached contract of employment and (b) participating interest on the net income of defendant in a certain specified venture, together with his costs and reasonable attorney’s fees.1 Defendant by its answer and the defenses set forth therein, in effect denied the indebtedness. (Except as to its calculation of the amount due for the de*445bentures). It also levelled ten counterclaims against plaintiff.2 As to the…