Keenan v. Donaldson, Lufkin & Jenrette, Inc.

SOUTHWICK, Circuit Judge:

Burt Keenan appeals the district court order granting the Defendants’ motion for summary judgment. Because we disagree with the district court’s interpretation of the key state statute, we reverse and remand.

FACTS AND PROCEDURAL HISTORY

In March 1996, Keenan and others founded Independent Energy Holdings PLC and its subsidiary, Independent Energy UK Limited (together, “IE”), to take advantage of opportunities created by the deregulation of energy markets in the United Kingdom. Keenan was IE’s Executive Chairman and Chief Executive Officer until 1998, and thereafter…