Legal Opinion
ICN Medical Laboratories, Inc. Employees' Profit Sharing Plan v. ICN Medical Laboratories, Inc.
Court of Appeals for the Ninth Circuit
Decided July 26, 1982No. Nos. 81-3496, 81-3508PublishedCited by 5 opinions
1Opinion of the Court
KILKENNY, Circuit Judge:
ICN Medical Laboratories, Inc. and ICN Pharmaceuticals, Inc. (the LABS) appeal from a district court judgment awarding ICN Medical Laboratories, Inc. Employees Profit Sharing Plan (the Plan) $2.9 million as the balance due on a $3.2 million property sale agreement between the parties. The LABS also appeal the court’s award to the Plan of $826,734.00 in rent payments for leases between the LABS and the Plan for the period 1968-1973.
BACKGROUND
In 1961, United Medical Laboratories, Inc. (UML) created the employee profit sharing plan. UML funded this Plan with cash payments…
2Cases cited9 opinions
- Waterway Terminals Co. v. P. S. Lord Mechanical ContractorsOregon Supreme Court · 1965
- Jensen v. MillerOregon Supreme Court · 1977
- Mascall v. EriksonOregon Supreme Court · 1930
- Pettigrove v. Corvallis Lumber Mfg. Co.Oregon Supreme Court · 1933
- Frick v. HoagOregon Supreme Court · 1977
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3Cited by5 opinions
- Davies v. Grossmont Union High School DistrictCourt of Appeals for the Ninth Circuit · 1991
- Bentley Ranches, Inc. v. BorgersonCourt of Appeals for the Ninth Circuit · 1984
- Bentley Ranches, Inc., a California Corporation v. John Borgerson, an Oregon Resident, Bentley Ranches, Inc., a California Corporation v. John Borgerson, an Oregon ResidentCourt of Appeals for the Ninth Circuit · 1984
- Icn Medical Laboratories, Inc. Employees' Profit Sharing Plan v. Icn Medical Laboratories, Inc.Court of Appeals for the Ninth Circuit · 1982
- Thomas Davies v. Grossmont Union High School DistrictCourt of Appeals for the Ninth Circuit · 1991