Quimbee logo with url
From our private database of 14,600+ case briefs...

Institutional Labor Advisors LLC v. Allied Resources Inc.

United States District Court for the Western District of Kentucky
2014 WL 4211196 (2014)


Facts

Allied Resources Inc. (defendant) hired Institutional Labor Advisors LLC (ILA) (plaintiff) to represent Allied in connection with an acquisition of coal reserves. Allied and ILA orally agreed that ILA would only be paid upon the successful acquisition of the reserves. When Allied acquired the reserves, Allied and ILA signed a written compensation agreement that stated that Allied would pay ILA 5 percent of the value of certain income from the reserves. ILA and Allied’s independent counsel extensively negotiated the agreement, including the method of calculating the 5 percent, for over seven months. ILA sued Allied, claiming that Allied breached the agreement by failing to pay the amounts due. Allied claimed that the agreement was invalid and unenforceable. Both parties moved for summary judgment.

Rule of Law

Issue

Holding and Reasoning (McKinley, C.J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 275,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 14,600 briefs, keyed to 196 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.