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SCHWIEGER v. IOWA BEEF PROCESSORS, INC.

No. 85-1868.

802 F.2d 1032 (1986)

John L. SCHWIEGER and Dwayne Vande Stouwe, Appellants, v. IOWA BEEF PROCESSORS, INC., Appellee.

United States Court of Appeals, Eighth Circuit.

Decided October 3, 1986.

Attorney(s) appearing for the Case

Ned A. Stockdale, Estherville, Iowa, for appellants.

Terry R. Wittler, Lincoln, Neb., for appellee.

Before LAY, Chief Judge, ROSS and WOLLMAN, Circuit Judges.

LAY, Chief Judge.

John Schwieger and Dwayne Vande Stouwe are former executives of Iowa Beef Processors, Inc. (IBP), who participated in IBP's qualified stock option plan. Schwieger and Vande Stouwe brought suit against IBP for breach of contract and promissory estoppel, alleging that IBP improperly refused to allow them to exercise their vested stock options upon their involuntary termination. The district court1 granted summary judgment...

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