Massachusetts Supreme Judicial Court May 27, 1992 (Schwanbeck v. Federal-Mogul Corp.)

*704

Nolan, J.

This action arises out of failed negotiations between the plaintiff and the defendant, Federal-Mogul Corp., for the purchase and sale of Federal-Mogul’s Vellumoid Division (division), which Federal-Mogul eventually sold to another party (buyer), who organized a new corporation, the defendant Vellumoid, Inc.