IBE Trade Corp. v. Litvinenko

Order and judgment (one paper), Supreme Court, New York County (Joan Lobis, J., upon decision after nonjury trial before Elliott Wilk, J.), entered June 25, 2001, inter alia, declaring that plaintiff owns all of the stock of defendant corporation as well as all of its property, assets and rights, and dismissing defendant-appellant’s counterclaims, unanimously affirmed, with costs.

Ample evidence supports the findings that plaintiff incorporated defendant corporation in order to pursue a certain opportunity, hired appellant for his contacts and business experience in the relevant market, and…