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FALKOWSKI v. IMATION CORP.

No. A107926.

33 Cal.Rptr.3d 724 (2005)

132 Cal.App.4th 499

Mark W. FALKOWSKI et al., Plaintiffs and Appellants, v. IMATION CORP. et al., Defendants and Respondents. Gregory A. Ellis, Plaintiff and Appellant, v. Imation Corp. et al., Defendants and Respondents.

Court of Appeals of California, First District, Division One.

August 31, 2005.

Attorney(s) appearing for the Case

Glancy Binkow & Goldberg, Lionel Z. Glancy, Los Angeles, Neal A. Dublinsky, for Plaintiffs and Appellants.

Dorsey & Whitney, Diane J. Mason, San Francisco, James K. Langdon, II, Thomas M. Jancik, for Defendants and Respondents.

MARGULIES, J.

I. INTRODUCTION

Plaintiffs in this class action were employees of Cemax-Icon, Inc. (Cemax) at the time of its merger with defendant Imation Corp. (Imation). The merger resulted in Cemax becoming a wholly owned subsidiary of Imation, with plaintiffs continuing as employees of Cemax. At the time of the merger, Imation replaced plaintiffs' Cemax employee stock options with options to purchase Imation...

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