Conagra, Inc. v. Country Skillet Catfish Co.

EDITH H. JONES, Circuit Judge.*

This case arises from the sale of a Mississippi catfish business to a group of investors. In conjunction with the sale, ConAgra also temporarily “leased” certain employees to the divested subsidiary. ConAgra filed suit for breach of these agreements. The district court, however, found primarily against ConAgra. For the reasons set forth below, we affirm in part and reverse in part the district court’s judgment.

I. BACKGROUND

From 1971 through 1990, ConAgra owned a catfish processing business in Mississippi and operated the business through an unincorporated…