Facts

Plaintiff brought suit against his former employer defendant OMH Healthedge Holdings Inc., relating to stock options that were awarded to plaintiff as part of his employment.

PLAINTIFF'S CONTENTIONS: Plaintiff claimed that OMH acted unreasonably and arbitrarily when they failed to notify him of the corporate transaction. Additionally, plaintiff further alleged that OMH fraudulently withheld information about the sale of the company.

Plaintiff asserted causes of action for breach of contract, breach of implied covenant of good faith and fair dealing and fraudulent misrepresentation and concealment.

Plaintiff argued that defendant's motion for summary judgment should not be granted because a jury can reasonably conclude that OMH breached the Management Teams Option Provision contained in the stock option agreement.

DEFENDANT'S CONTENTIONS: Defendant denied the allegations and filed a motion for summary judgment.

Result

The court granted defendant's motion for summary judgment on plaintiff's claims for breach of contract and breach of implied covenant of good faith and fair dealing. All other claims were dismissed.