Sipes v. Kinetra, L.L.C.

OPINION AND ORDER

GADOLA, District Judge.

Before the Court are Defendant’s motions for summary judgment. The Court held a hearing on this matter on March 28, 2001. For reasons set forth below, the Court grants Defendant’s motions as to each Plaintiff.

I. BACKGROUND

The salient question in this case is whether Defendant promised Plaintiffs equity in Defendant upon its sale.

Plaintiffs in these consolidated cases are Messrs. Ronald Sipes and Robert Ash-worth, both of whom were executives of Defendant during the events in question. Each Plaintiff brings the following causes of action: (1) breach of…