Dearlove v. Genzyme Transgenics Corp., 2004 Phila. Ct. Com. Pl. LEXIS 11

Cletus P. Lyman

Case Conclusion Date:December 28, 2004

Practice Area:Business

Outcome:Class of employee-option holders certified. Case later settled by stock grants,

Description:Employees stock options were cancelled when employer was divested by public parent company. Issue was whether divestiture constituted termination of employment under option plan.