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SALMON & ASSOCIATES, INC. v. LISKEY

No. 94 CW 2283.

665 So.2d 412 (1995)

SALMON & ASSOCIATES, INC. v. James D. LISKEY.

Court of Appeal of Louisiana, First Circuit.

Rehearing Denied January 23, 1996.

Writ Denied March 29, 1996.

Attorney(s) appearing for the Case

Thomas M. Lockwood, Baton, Rouge, for Plaintiff/Relator, Salmon & Associates.

Walter L. Comeaux, Baton Rouge, for Plaintiffs/Respondents, Michael W. Salmon, Mary Jo Schultz Salmon, M. Wesley Salmon.

George L. Clauer, III, Baton Rouge, for Defendant/Respondent, James D. Liskey.

Before LeBLANC, WHIPPLE and FOGG, JJ.

LeBLANC, Judge.

James D. Liskey, defendant, was formerly employed by Salmon & Associates, Inc., plaintiff. As an incentive to Liskey to continue his employment at Salmon & Associates, Liskey and Salmon & Associates entered into a "Stock Buy-Sell Agreement". Over a seven year period twenty percent of the stock of Salmon & Associates was transferred to Liskey, pursuant to their agreement. The remainder of the Salmon & Associates stock is owned entirely...

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