Gerald Gresh v. Waste Services of America, Inc

SUTTON, Circuit Judge.

Gerald Gresh claims that Waste Services of America (“WSA”), two of its corporate officers and an affiliated company fraudulently induced him to refrain from exercising an option to buy WSA stock until after most of the corporation’s assets had been sold or transferred. The district court rejected all of his claims as a matter of law. We affirm in part and reverse in part.

I

In 1995, Bruce Addington and Todd Skaggs created WSA, a landfill-development company. Addington owned 55% of the stock, and Skaggs owned the balance. Because neither Addington nor Skaggs had extensive…