Ostler v. Codman Research Group, Inc.
Court of Appeals for the First Circuit
1Opinion of the Court
BOUDIN, Circuit Judge.
Plaintiff David Ostler appeals after a jury verdict against him in a case growing out of his decision not to exercise stock options he held in Codman Research Group, Inc. (“Codman”). Codman made software for the health care industry and Ostler held various positions at the company from 1985 until 1995, serving as its president from 1989 to 1993. Under Cod-man’s 1988 stock option plan, Ostler received options to purchase 60,000 common shares of Codman at one cent per share (adjusted for a stock split subsequent to the initial grant). The options were to expire in' ten…
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