HEBERT v. ABBEY HEALTHCARE GROUP, INC.

No. 94-1280.

657 So.2d 278 (1995)

Frank J. HEBERT, III, Plaintiff-Appellee, v. ABBEY HEALTHCARE GROUP, INC., et al., Defendants-Appellants.

Court of Appeal of Louisiana, Third Circuit.

May 17, 1995.


Attorney(s) appearing for the Case

Errol L. Cormier, Lafayette, for Frank J. Hebert, III et al.

George Arceneaux, III, Lafayette, for Abbey Healthcare Group, Inc. et al.

Before DOUCET, C.J., and LABORDE and KNOLL, JJ.


KNOLL, Judge.

The plaintiff, Frank Hebert, is a former employee of Abbey Medical, Inc., a wholly owned subsidiary of the defendant corporation, Abbey Healthcare Group, Inc.1 (hereafter collectively referred to as "Abbey"). In 1991, Hebert and other employees were offered the opportunity to purchase shares of Abbey common stock. Under the terms of the stock subscription agreement, each purchaser promised to pay forty percent of the total...

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