McCasland v. Beckman
This case involves a buy/sell bonus agreement entered into between Chemicon International, Inc. and two of its employees, Don McCasland and Dale Dembrow (collectively plaintiffs). The agreement[1]essentially provided that McCasland and Dembrow would receive, upon the sale of Chemicon, bonuses equal to eight percent and two percent, respectively, of the net sales price. McCasland and Dembrow eventually sued Chemicon and David Beckman, Chemicons founder, for breach of contract and related causes of action and, after a court trial, judgment was entered in their favor. McCasland and Dembrow were also awarded attorneys fees in an amount corresponding to the contingent fee arrangement they had with their attorneys. On appeal, defendants contend the court erred in interpreting certain terms of the agreement upon which the amount of the bonus was predicated and also challenges the propriety of the fee award. Court affirm the judgment, but reverse for a redetermination of attorneys fees.
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