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Strauss v. NewMarket Global Consulting Group, LLC

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Argued October 21, 2009

Before WASHINGTON, Chief Judge, BLACKBURNE-RIGSBY, Associate Judge, and NEWMAN, Senior Judge.

In this case, we are asked to determine whether an enforceable oral contract resulted from a series of conversations between two experienced businessmen: appellant Patrick Strauss, President of Icon Insurance Group, Inc. (“Icon”), and appellee Christopher Schrichte, President of appellee NewMarket Global Consulting Group, LLC (“NewMarket”). On appeal, Patrick Strauss seeks a reversal of the trial court’s determination that an enforceable oral contract existed between him and Schrichte to split brokerage commissions, consulting fees, or finder or solicitor’s fees. Additionally, appellant Michael Strauss, Patrick Strauss’ father and the President of Icon spin-off company Private Equity Partners, LLC (“PEP”), contends that the trial court erred in dismissing with prejudice his counterclaim against NewMarket for breach of an oral accord and satisfaction and interference with an advantageous economic relationship.

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