Legal Opinion

Questrom v. Federated Department Stores, Inc.

District Court, S.D. New York

Decided February 25, 1999No. 98 Civ. 0659(LAK)PublishedCited by 6 opinions

1Opinion of the Court

OPINION

KAPLAN, District Judge.

In 1990, Alen Questrom was hired as chief executive officer of Federated Department Stores, Inc. (“Federated”) and given the task of leading the company out of bankruptcy. As a spur to his efforts, Questrom’s employment contract provided that he would receive, inter alia, incentive compensation calculated as a fixed percentage of the increase in Federated’s equity value from 1990 until 1995. The contract provided also that the necessary determinations of equity value were to be made by a third party chosen, subject to Questrom’s reasonable objection, by…

2Cases cited16 opinions

  1. Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
  2. Volt Info. Sciences, Inc. v. Bd. of Trustees of Leland Stanford Jr. U.Supreme Court of the United States · 1989
  3. Southland Corp. v. KeatingSupreme Court of the United States · 1984
  4. Perry v. ThomasSupreme Court of the United States · 1987
  5. Babcock v. JacksonNew York Court of Appeals · 1963

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3Cited by6 opinions

  1. Questrom v. Federated Department Stores, Inc.District Court, District of Columbia · 2000
  2. Questrom v. Federated Department Stores, Inc.Court of Appeals for the Second Circuit · 2001
  3. Questrom v. Federated Department Stores, Inc.District Court, S.D. New York · 2000
  4. Cendant Corp. v. ForbesDistrict Court, S.D. New York · 1999
  5. Pilgrim Cathedral of Harlem Inc. v. Harleysville Worcester Insurance CompanyDistrict Court, S.D. New York · 2025

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