New York Court of Appeals

Northeast General Corporation, Appellant v. Wellington Advertising, Inc., Respondents

October 14, 199382 N.Y.2d 158

Summary

The New York Court of Appeals reversed the Appellate Division and reinstated the jury verdict awarding the finder’s fee, holding that a finder‑seller agreement does not by itself create a fiduciary relationship obligating the finder to disclose adverse information about a prospect. The court emphasized that fiduciary duties arise only from the parties’ agreement and not from the mere label of "finder".