Senior trial counsel, Rich Ostlund, recently led an Anthony Ostlund trial team in winning a $12,000,000 jury verdict after two weeks of trial in Minneapolis. In Jim Koch v. SKT/Koch Trucking, Koch Industries, Randy Koch and Dave Koch, the jury found that all defendants breached a 2006 contract with Jim Koch, and also held that all defendants breached the duty of good faith which they owe to Jim Koch, who is also a shareholder of both defendant companies and a director of SKT/Koch Trucking. The Anthony Ostlund trial team in Koch also included Randy Gullickson, Shannon Awsumb, and Joe Janochoski, assisted by paraprofessional Shannon Flinn. Opposing defense counsel are Dorsey & Whitney (Ed Magarian), Winthrop & Weinstine (Brooks Poley), and Madel P.A. (Chris Madel)....
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Minnesota Lawyer and Finance & Commerce – Partner Content Author: Arthur Boylan and Pete McElligott Next year will be the ten-year anniversary of Minnesota’s enactment of the statute for Assignments for the Benefit of Creditors (“ABC”). When a turnaround is necessary, this simple yet versatile tool offers debtors more control than in a receivership or bankruptcy. Done effectively, ABCs benefit both debtors and creditors. How Does an ABC Work?...
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