Marvin Stern, and Cross-Appellant v. Satra Corporation and Satra Consultant Corporation, and Cross-Appellees

MULLIGAN, Circuit Judge:

In January 1972, Marvin Stern (Stern), a resident of the State of California, brought this diversity action in the United States District Court for the Southern District of New York against two New York corporations, Satra Corporation and Satra Consultant Corporation (jointly referred to as Satra). The complaint sought a declaratory judgment pursuant to 28 U.S.C. § 2201 et seq. determining the rights and relationships between the parties under an agreement entered into on or about September 1, 1971. Stern also sought damages and an accounting. Satra defended on the…