Shareholder Disputes

Obtained favorable results for clients in numerous shareholder disputes, including successfully litigating and negotiating favorable stock buy-outs for client shareholders and defending shareholders and companies in intra-company disputes. Examples include:

• Key member of trial team that obtained $12 million jury verdict, $58.5 million stock buy-out, and award of attorneys’ fees for minority shareholder of trucking company.
• Seven-figure buy-out of shareholder in distribution company.
• High six-figure buy-out of shareholder in small manufacturing business.
• Seven-figure buy-out of shareholder in manufacturing company.
• Seven-figure buy-out of shareholder in technology company.
• $2.8 million buyout/settlement for minority shareholders in farm corporation.
• Obtained judgment of over $850,000 following successful trial on behalf of a radiologist and shareholder in a local medical practice who was unfairly terminated and forced to give up ownership interest. The judgment was affirmed on appeal.
• Recovered $8.4 million on behalf of an owner of a marketing and distribution company through settlement of litigation that arose after client minority owner was forced out of the company.
• Obtained $320,000 arbitration award for limited liability company asserting breach of fiduciary duty claim against an owner.
• Obtained dismissal of claims against clients in lawsuit by minority owners in a family-owned limited liability company.
• Successful defense and dismissal of shareholder claim against majority owner of restaurant business.
• Along with Richard Ostlund, obtained a $24 million award, including interest and fees, from a Hennepin County Court in a shareholder deadlock/oppression case.
• Obtained a defense verdict from a Hennepin County jury on behalf of a technology company sued by shareholder on seven-figure damage claims relating to stock ownership.

Other Business Litigation

$130 Million Verdict

Along with Joseph Anthony, obtained verdict of over $130 million in a breach of contract and fiduciary duty case for the firm’s client, PDG P.A., following a month-long jury trial in Hennepin County District Court.

$141 Million Securities Verdict

Part of trial team that successfully obtained combined $141 million verdict from a New York federal jury following a six-week securities fraud trial. The verdict represented 100% of the investors’ loss plus interest.

Banking

Obtained $726,000 verdict from a Hennepin County jury on claims by Bank client for interference with a security interest in intellectual property of a defaulting customer. The award was for 100% of client’s loss.

Trust Litigation

Obtained summary judgment dismissing multimillion dollar negligence and breach of fiduciary duty claims against corporate trustee in American Arbitration Association proceeding.

Unfair Competition Defense

Obtained summary judgment for former Bank officer sued by former employer for unfair competition and solicitation of bank customers.

Contract Litigation

Obtained $360,000 settlement of Arbitration claim for former owners of a Minnesota resort in a sale of business contract dispute.

As part of an Anthony Ostlund trial team, obtained a $13.8 million settlement on behalf of a Minnesota-based professional consulting firm responsible for storm disaster recovery efforts in New York following Hurricane Sandy from the State of New York and another contractor.