MAUDLIN v. PACIFIC DECISION
Filed 3/21/06
CERTIFIED FOR PUBLICATION
IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA
FOURTH APPELLATE DISTRICT
DIVISION THREE
| MELVIN J. MAUDLIN, Plaintiff and Appellant, v. PACIFIC DECISION SCIENCES CORPORATION et al., Defendants and Respondents. | G035060 (Super. Ct. No. 03CC12835) O P I N I O N |
Appeal from a judgment of the Superior Court of Orange County, John M. Watson, Judge. Reversed and remanded.
Meisenheimer Herron & Steele, Matthew V. Herron and Robert M. Steele for Plaintiff and Appellant.
Jeffer, Mangels, Butler & Marmaro, Melvin N. A. Avanzado and Matthew D. Hinks for Defendants and Respondents.
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When plaintiff Melvin J. Maudlin retired from his full-time employment with Pacific Decision Sciences Corporation (PDSC), he negotiated a deal with his long-time business partner, Hark Vasa, by which PDSC would pay him $2.9 million over a period of nearly 23 years. Their agreement allocated $150,000 for the redemption of Maudlin's 300,000 shares of stock (about 30 percent of the outstanding shares), with the balance of $2.75 million, designated by the transaction's documents as â€
