535 N.E.2d 1311 (N.Y. 1989)
A former employee filed suit in two separate actions against a car company and its owners, alleging that he had been improperly terminated in violation of duties of good faith and fair dealing and claiming breach of fiduciary duties and wrongful interference with his employment.
- The court found that:
- (1) the term of employment had not been definite and therefore the employment had been at will,
- (2) a contractual agreement to the repurchase upon termination for any reason of the shares in the company owned by the former employee barred him from receiving any rights against at-will discharge,
- (3) the payment given to the former employee for his shares in the company had been fair value,
- (4) therefore there had been no breach of fiduciary duties or wrongful interference with employment in the termination.
The order of the lower court was affirmed, with costs awarded to car company and owners.
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