Pactiv Corp. v. Rupert
Court of Appeals for the Seventh Circuit
1Opinion of the Court
EASTERBROOK, Chief Judge.
Reynolds Group Holdings acquired Pactiv Corp. in 2010. The acquisition agreement, which made Pactiv a wholly owned subsidiary, calls for severance pay to any non-union employee let go without cause, within a year, as a result of the transaction.
After the closing, Pactiv established a severance-pay plan. The clause in the acquisition agreement was skeletal; the plan itself contained many implementing terms, including a requirement that the departing worker execute a “separation agreement”, “in a form acceptable to the Company,” releasing all other claims against Pactiv.
2Cases cited11 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Fort Halifax Packing Co. v. CoyneSupreme Court of the United States · 1987
- Curtiss-Wright Corp. v. SchoonejongenSupreme Court of the United States · 1995
- Emil J. Bartholet v. Reishauer A.G. (Zurich) and Reishauer Corporation (Elgin)Court of Appeals for the Seventh Circuit · 1992
- Donovan v. DillinghamCourt of Appeals for the Eleventh Circuit · 1982
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- Aristo Vojdani v. Pharmasan Labs, IncorporatedCourt of Appeals for the Seventh Circuit · 2013
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