Olander v. Compass Bank

JERRY E. SMITH, Circuit Judge:

All parties appeal the disposition of a suit involving six stock option, agreements. The district court held that Gary Olander owed Compass Bank (“Compass”) the profits received under two of the agreements. On appeal, Compass argues that it should have received all the profits. On cross-appeal, Olander and Whitney Bank (“Whitney”) contend that Olander owed Compass none of the profits. 1 Agreeing with Compass, we affirm in part, reverse in part, and remand.

I

Olander worked for Compass from 1988 until his resignation in June 2001, at which time he was an Executive…