Icn Medical Laboratories, Inc. Employees' Profit Sharing Plan v. Icn Medical Laboratories, Inc.

682 F.2d 1326 3 Employee Benefits Ca 2025 ICN MEDICAL LABORATORIES, INC. EMPLOYEES' PROFIT SHARING PLAN, Plaintiff-Appellant/Cross-Appellee, v. ICN MEDICAL LABORATORIES, INC., nka ICN Pharmaceuticals, Inc., and ICN Pharmaceuticals, Inc., Defendants-Appellees/Cross-Appellants. Nos. 81-3496, 81-3508. United States Court of Appeals, Ninth Circuit. Argued and Submitted May 4, 1982. Decided July 26, 1982. Richard A. Wyman, Portland, Or., for plaintiff-appellant/cross-appellee. William C. Martin, Martin, Bischorf, Templeton, Biggs & Ericsson, Portland, Or., argued for defendants-appellees/cross-appellants; David P. Templeton, Martin, Bischoff, Templeton, Biggs & Ericsson, Portland, Or., on brief. Appeals from the United States District Court, District of Oregon. Before KILKENNY, GOODWIN and POOLE, Circuit Judges. KILKENNY, Circuit Judge: 1 ICN Medical Laboratories, Inc. and ICN Pharmaceuticals, Inc. (the LABS) appeal from a district court judgment awarding ICN Medical Laboratories, Inc. Employees Profit Sharing Plan (the Plan) $2.9 million as the balance due on a.$3.2 million property sale agreement between the parties. The LABS also appeal the court's award to the Plan of…