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Stifel Financial Corp. v. Cochran6/13/2002
t contract Cochran entered into with the company. Although Cochran's termination is the event that triggered the relevant provisions of the employment contract, Cochran's decision to breach the contract was entirely a personal one, pursued for his sole benefit. Further, the underlying accusations against Cochran which gave rise to his termination for cause were considered by the arbitrators, but found to be irrelevant to the simple dispute before them -- whether Cochran breached his employment contract.
We affirm the judgments of the Court of Chancery, except as to its decision to dismiss Cochran's claim for "fees on fees." That judgment is reversed and remanded for proceedings consistent with this opinion.
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