Opinion ID: 779792
Heading Depth: 3
Heading Rank: 6

Heading: The District Court's Order Calculating Damages

Text: 40 In its final opinion in this case, the district court recognized that the parties fundamentally disagreed over the method Lucente used to exercise stock options in January 2001. The district court nevertheless chose to treat the parties' opposing stipulations as Statements of Undisputed Fact pursuant to Local Rule 56.1. Lucente v. IBM, 151 F.Supp.2d 484, 485 & n. 1 (S.D.N.Y.2001) ( Lucente III ). It then found, as a matter of law, that Lucente had attempted to exercise his stock options using the exercise and hold method and awarded Lucente stock option damages of $4,824,067.62. Including prejudgment interest and the damages previously calculated by the district court for restricted stock, the court entered a judgment in Lucente's favor for $6,270,253.40.