Powell v. MVE Holdings, Inc.

OPINION

LANSING, Judge

MVE Holdings, Inc. (Holdings), appeals from judgment and denial of its new-trial motion in a breach-of-contract action brought by R. Edwin Powell, its former employee and shareholder. The district court found that Holdings contracted to redeem Powell’s stock and then breached that contract. Holdings appeals, claiming that it did not agree to redeem Powell’s stock; that its president and CEO did not have authority to make such an agreement; and that any agreement was not the parties’ final expression but rather evidence of negotiation, is void for lack of consideration,…