Minturn v. Monrad, No. 22-1200 (1st Cir. 2023)
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The First Circuit affirmed the order of the district court granting partial summary judgment for Plaintiff and its subsequent judgment in Plaintiff's favor in this breach of contract case, holding that the plain language of the controlling agreement entitled Plaintiff to the retirement compensation which he claimed.
Plaintiff sued Northeast Investors Trust and the trustees then in office alleging that Defendants improperly withheld his retirement compensation in violation of the parties' agreement. The district court granted partial summary judgment on Plaintiff's breach of contract claim and then entered judgment in Plaintiff's favor for the sum of $794,500. The First Circuit affirmed, holding that the plain language of the controlling agreement entitled Plaintiff to the claimed compensation.
The court issued a subsequent related opinion or order on April 3, 2023.
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