Haslund v. Simon Property Group, Inc.

Simon Property Group (defendant) hired Shannon Haslund (plaintiff) as vice president of a new internet subsidiary, offering a $175,000 salary plus 1% equity, with the specific structure of that equity to be determined later — terms SPG memorialized in a letter. Haslund worked for ten months before being fired, and the subsidiary was later dissolved without ever earning a profit. She won $537,634.41 in damages for breach of contract, and SPG appealed, arguing the equity provision was too indefinite to enforce.