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FIRST MARBLEHEAD CORP. v. HOUSE

No. 07-2789.

541 F.3d 36 (2008)

FIRST MARBLEHEAD CORPORATION, Plaintiff, Appellee, v. Gregory J. HOUSE, Defendant, Appellant.

United States Court of Appeals, First Circuit.

Decided September 8, 2008.

Attorney(s) appearing for the Case

Peter N. Wang, with whom Yonaton Aronoff and Foley & Lardner LLP, was on brief for appellant.

Kenneth J. DeMoura, with whom Michael D. Riseberg, Colleen M. Nevin, and Adler Pollock & Sheehan P.C., was on brief for appellee.

Before TORRUELLA, LIPEZ, and HOWARD, Circuit Judges.

TORRUELLA, Circuit Judge.

Gregory J. House, a former employee of First Marblehead Corporation, was unable to exercise his incentive stock options because he failed to do so within three months of his resignation. In a set of claims removed to federal district court under diversity jurisdiction, House alleged, inter alia, that he had relied on First Marblehead's negligent misrepresentations that the options would be viable for ten years. A jury found that House...

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