Biothermal Process Corp. v. Cohu & Co.

Plaintiff, a New York corporation, sued defendant, a New York investment banking firm, to recover $4,000,000 alleged damages for defendant’s breach of a contract claimed to have been made by defendant to finance plaintiff in building and operating a so-called biothermal garbage disposal plant in the city of Miami, Florida, through another corporation, the Florida-Caribbean Biothermal Process Inc., called a subsidiary of plaintiff but actually owned by plaintiff’s stockholders. After trial before the court and a jury, defendant appeals from those parts of an order of the trial court which…