EaglePicher Technologies LLC won dismissal of a breach of contract suit brought by the founder of a company it acquired who claimed he was owed a payout because he resigned with good reason.
Christopher Cook failed to sufficiently allege that his resignation was mutually agreed upon, or that he resigned within the window required by his employment agreement to be eligible for payout, the US District Court for the Southern District of New York ruled Tuesday.
Cook founded a startup that developed lithium-ion energy solutions, LithiumStart, in 2011, which EPT purchased in 2017, according to the opinion. The company was ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.