United States Third Circuit

Wrongful termination will not justify an employer's denial of employee's right to exercise his stock option following wrongful termination, and when awarding damages for breach of contract, there is no discount from market value to account for the option shares' lack of marketability.

Appellate Information

• Argued 07/10/2000
• Decided 02/01/2001
• Published 02/01/2001

Judges

• Before SCIRICA, ALITO, and FUENTES, Circuit Judges.

Court

• United States Third Circuit

Counsel

• For Appellees:
  
• Steven M. Coren, (argued) Bruce Bellingham, Kaufman, Coren, Ress & Weidman, P.C., Philadelphia, PA, for Appellants/Cross-Appellees US WATS, Inc., Aaron Brown, and Stephen Parker., Jonathan D. Wetchler, (argued) Amy Anderson Miraglia, Wolf, Block, Schorr & Solis-Cohen LLP, Philadelphia, PA, for Appellee/Cross-Appellant Mark Scully.