Harvey Keitel Loses Appeal in E*Trade Contract Spat
A Manhattan appeals court has tossed out Hollywood actor Harvey Keitel's breach-of-contract lawsuit against E*Trade, finding that the online brokerage never entered into a "valid and binding contract" to pay Keitel $1.5 million to star in its commercials.
September 28, 2017 at 04:03 PM
2 minute read
A Manhattan appeals court has tossed out Hollywood actor Harvey Keitel's breach-of-contract lawsuit against E*Trade, finding that the online brokerage never entered into a “valid and binding contract” to pay Keitel $1.5 million to star in its commercials.
“The term sheet relied upon by plaintiff states that … 'neither party shall be bound until the parties execute a more formal written agreement,'” wrote an Appellate Division, First Department, panel.
The unanimous panel said the term sheet's clear intent trumped Keitel's arguments and evidence that he said showed a contract was made.
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