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MAUDLIN v. PACIFIC DECISION SCIENCES CORP.

No. G035060.

40 Cal.Rptr.3d 724 (2006)

137 Cal.App.4th 1001

Melvin J. MAUDLIN, Plaintiff and Appellant, v. PACIFIC DECISION SCIENCES CORPORATION et al., Defendants and Respondents.

Court of Appeals of California, Fourth District, Division Three.

March 21, 2006.

Attorney(s) appearing for the Case

Meisenheimer Herron & Steele, Matthew V. Herron and Robert M. Steele, San Diego, for Plaintiff and Appellant.

Jeffer, Mangels, Butler & Marmaro, Melvin N.A. Avanzado and Matthew D. Hinks, Los Angeles, for Defendants and Respondents.

OPINION

IKOLA, J.

When plaintiff Melvin J. Maudlin retired from his full-time employment with Pacific Decision Sciences Corporation (PDSC), he negotiated a deal with his long-time business partner, Hark Vasa, by which PDSC would pay him $2.9 million over a period of nearly 23 years. Their agreement allocated $150,000 for the redemption of Maudlin's 300,000 shares of stock (about 30 percent of the outstanding shares), with the balance of $2.75 million, designated...

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