Michel v. ICN Pharmaceuticals, Inc.

This is a suit for specific performance of an agreement of settlement by which it was agreed, among other things, that defendant would offer for sale to the highest bidder a certain patented invention; that such bids were to be submitted not later than a specified date and that plaintiffs could bid at that sale. The trial court entered a decree in favor of defendant. Plaintiffs appeal.

Because of the findings of fact upon which that decree was based and because we must review the record de novo as an appeal in a suit in equity, it is necessary to consider the evidence.

1. Summary of the facts.

In…