Ingalls v. The AES Corporation
United States Court of Appeals for the Seventh Circuit
2008 U.S. App. LEXIS 7717 (2008)
- Written by Rose VanHofwegen, JD
Facts
Dwane Ingalls (plaintiff) brought two similar lawsuits against the AES Corporation (AES) (defendant) three years apart. Ingalls worked for AES as vice president of an AES subsidiary. In 2001 AES asked its officers to give up bonuses and accept reduced salaries in exchange for AES stock options vesting in 10 years. Ingalls allegedly accepted and purchased the stock options. Two years later, the subsidiary’s chief executive officer (CEO), Ann Murtlow, fired Ingalls. In July 2004, Ingalls sued AES, the subsidiary, its holding company, and Murtlow in state court for breach of contract and wages including options purchased in 2001. In November 2004, Ingalls asked AES to issue his stock options. AES said all rights to stock options expired six months after an employee left AES. In November 2006, the state court granted partial summary judgment against Ingalls’s wage claim. Two months later, Ingalls sued AES in federal court asserting claims based on the 2001 stock options. The federal court stayed its proceedings, finding the two suits parallel because Ingalls had simply asserted new theories of relief based on essentially the same events. Ingalls appealed.
Rule of Law
Issue
Holding and Reasoning (Per curiam)
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