Congratulations to Tammy Holt and Thad Spalding who, along with trial counsel Kenneth Chaiken, successfully reversed a summary judgment in a dispute over the terms and requirements of a Cross Purchase Agreement, and whether that agreement required remaining shareholders in a closely-held corporation to purchase their client, a retiring shareholder’s shares. The Court of Appeals also rendered judgment in their client’s favor and remanded the case for purposes of valuing the shares pursuant to the terms of the parties’ agreement. You can read the opinion here.
