ARTICLE
6 December 2023

Employees Were Properly Awarded $7.2 Million For Employer's Breach Of Contract

PR
Proskauer Rose LLP
Contributor
The world’s leading organizations and global players choose Proskauer to represent them when they need it the most. Our top tier team of star trial attorneys, acclaimed transactional lawyers and exceptionally talented partners and associates have earned a reputation for the relentless pursuit of perfection and a dauntless pursuit of success.
Julie Park and Danny Chung sued their former employer (NMSI, Inc., a residential mortgage lender) for $7.2 million in profit sharing and related amounts associated with NMSI's...
United States Corporate/Commercial Law
To print this article, all you need is to be registered or login on Mondaq.com.

Park v. NMSI, Inc., 96 Cal. App. 5th 616 (2023)

Julie Park and Danny Chung sued their former employer (NMSI, Inc., a residential mortgage lender) for $7.2 million in profit sharing and related amounts associated with NMSI's alleged breach of contract, which the trial court granted in the form of prejudgment right to attach orders. NMSI argued that Park and Chung had failed to establish the probable validity of their claims because the agreements underlying their breach of contract causes of action had been modified through an exchange of emails as well as by the parties' subsequent conduct. The trial court applied the "probable validity standard" and concluded the agreements had not been modified by email or the parties' subsequent conduct. Further, the trial court found that the claims were for a fixed or readily ascertainable amount. The Court of Appeal affirmed the trial court's order in plaintiffs' favor.

Employees Were Properly Awarded $7.2 Million For Employer's Breach Of Contract

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
6 December 2023

Employees Were Properly Awarded $7.2 Million For Employer's Breach Of Contract

United States Corporate/Commercial Law
Contributor
The world’s leading organizations and global players choose Proskauer to represent them when they need it the most. Our top tier team of star trial attorneys, acclaimed transactional lawyers and exceptionally talented partners and associates have earned a reputation for the relentless pursuit of perfection and a dauntless pursuit of success.
See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More