Corporations

Mimi L. Lieber, Appellant, v. TBS Group, Inc., et al., Respondents

224 A.D.2d 272638 N.Y.S.2d 22·New York Supreme Court, Appellate Division·1996·NY

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Opinion

Mimi L. Lieber, Appellant, v TBS Group, Inc., et al., Respondents. [638 NYS2d 22] [MAJORITY] —Judgment, Supreme Court, New York County (Herman Cahn, J.), entered October 21, 1994, dismissing the complaint, and bringing up for review an order, same court and Justice, entered October 5,1994, which granted defendants’ motion for summary judgment, unanimously affirmed, with costs. The appeal from the order is unanimously dismissed as subsumed in the appeal from the judgment, without costs. Plaintiff fails to raise an issue of fact that she justifiably relied upon the alleged oral promise to invest hundreds of thousands of dollars in the company in the future, given the merger clauses in the subject written agreements (see, Citibank v Plapinger, 66 NY2d 90; Danann Realty Corp. v Harris, 5 NY2d 317, 320-321), and plaintiff’s admission that defendants expressly declined to promise future investment in such agreements (see, Deligiannis v Pepsico, Inc., 757 F Supp 241, 255). Concur — Wallach, J. P., Nardelli, Williams and Mazzarelli, JJ.