KEOGH v. BREED, ABBOTT MORGAN

We agree with the IAS Court that plaintiff's vested inventory interest was not terminated pursuant to the terms of the partnership agreement when defendant law firm dissolved. Dissolution does not terminate a partnership as the partnership continues until the winding up of all partnership affairs (Partnership Law § 61). The agreement provides nothing to the contrary. Further, we agree with the determination of the IAS Court that the conversations testified to at this trial were insufficient to establish a breach of fiduciary obligation ( see, Graubard Mollen Dannett Horowitz v. Moskovitz, 86 N.Y.2d 112).

Concur — Sullivan, J.P., Ellerin, Ross, Tom and Mazzarelli, JJ.