Terrance J. Velten v. Regis B. Lippert, Intercat, Inc., Intercat Pacific, Inc., Formerly Intercat, U.S.A.

GODBOLD, Senior Circuit Judge:

This appeal concerns appellant Velten’s claims that he is entitled to a one-third ownership interest in Intercat, Inc. or its monetary equivalent. He asserts two different theories entitling him to relief: (1) an oral agreement with defendant Lippert and/or defendant Intercat, Inc. that he be given a one-third interest, and (2) fraudulent inducement by Lippert inducing Velten to enter into a written contract of employment with Intercat, Inc. The district court granted defendants’ motion for summary judgment on the oral agreement claim because it concluded that…