Steinberg v. Di-Geronimo

—Order, Supreme Court, New York County (Ira Gammerman J.), entered on or about February 24, 1998, which, in an action for, inter alia, breach of contract to transfer an equity interest in defendant corporation in exchange for extinguishment of the corporation’s debt to plaintiffs, fraud and quantum meruit, granted defendants’ motion to dismiss the complaint, unanimously affirmed, without costs.

Plaintiffs fail to state a cause of action. The writing they rely on to satisfy the Statute of Frauds (UCC 8-319 [a]) expressly contemplates execution of formal stock purchase and shareholder…