An engineer employed by an engineering firm acquired shares in the company and sold them back for $891,820 to be paid in ten installments.
After the employee resigned and became CEO of a rival firm, the company refused to make further payments, alleging breach of fiduciary duty through solicitation of employees and use of confidential information.
The employee sued for breach of contract.
The motion judge granted summary judgment, finding no breach of fiduciary duty caused any harm.
The company appealed, arguing that breach of fiduciary duty cases are unsuitable for summary judgment and require a full trial.
The appellate court dismissed the appeal, holding that breach of fiduciary duty is not a special category exempt from summary judgment and that no genuine issue for trial existed on the record.