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LOMBROSO v. CHASE
Appellate Division of the Supreme Court of New York, First Department.
May 8, 2007
Plaintiff's claim in support of his promissory estoppel cause of action, that he reasonably relied upon the representation of defendant's human resources officer as to when his qualified stock options would terminate, even though the applicable terms of the stock grants pursuant to which the options were issued included contrary provisions and the continued applicability of those contrary provisions was confirmed by defendant in writing subsequent to the human resource officer's representation, is not tenable ( see Bailey v Gray, Seifert Co., 300 AD2d 258).
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