MOE v. CENTURION INV. CO.

No. 49697.

293 N.W.2d 826 (1980)

Ivadell G. MOE, et al., Respondents, Frederick W. Johnson, et al., Respondents, Forrest T. Monson, et al., Respondents, Bruce A. Norback, et al., Respondents, Willis N. Skiff, et al., Respondents, Rosenthal Furniture Company Pension Plan and Trust, Respondent, Howard Pearson, et al., Respondents, Paul Eger, et al., Respondents, Willard O. Whalen, et al., Respondents, Marcella Yaeger, Respondent, Clarence Schlauderaff, Respondent, Wendell A. Ferguson, Respondent, Michelle Egan (Sheehy), et al., Respondents, v. The CENTURION INVESTMENT COMPANY et al., Defendants, and State of Minnesota, by Mary Alice Brophy, Its Commissioner of Securities, Appellant.

Supreme Court of Minnesota.

April 18, 1980.


Attorney(s) appearing for the Case

Warren Spannaus, Atty. Gen., Richard B. Allyn, Sol. Gen., Thomas R. Muck, Asst. Atty. Gen., and Barry R. Greller, Sp. Asst. Atty. Gen., St. Paul, for appellant.

Robins, Davis & Lyons, James R. Safley, Deborah J. Palmer and Barry G. Reed, Minneapolis, for Minnesota Ass'n of Realtors.

Peterson, Engberg & Peterson and Avron L. Gordon, Minneapolis, for Moe, Fallon, Rasmussen, Kersten, Pagerl, R. Pates, E. Pates, Roberts, H. Norman and G. Norman.

Hvass, Weisman & King and Richard A. Williams, Jr., Minneapolis, for Egan et al.

Lommen & Cole, Phillip A. Cole and Thomas E. Peterson, Minneapolis, for Yaeger.

John M. James, Minneapolis, for Pearson et al.

Courey & Smith and James S. Reece, Minneapolis, for Johnson et al.

Faegre & Benson and Randy L. Miller, Minneapolis, for Monson et al.

Popham, Haik, Schnobrich, Kaufman & Doty and Gary R. Macomber, Minneapolis, for Norback et al.

John R. Person, Minneapolis, for Skiff et al.

Shanedling, Phillips, Gross & Aaron and Richard T. Wylie, Minneapolis, for Rosenthal Furniture Co. Pension Plan & Trust.

Moosbrugger & Murray and Gordon C. Moosbrugger, St. Paul, for Eger et al.

Segal & Roston and David G. Roston, Minneapolis, for Whalen et al.

Holst, Vogel, Erdmann & Vogel and Milton I. Holst, Red Wing, for Schlauderaff.

Thiel, Sorenson, Thiel & Campbell and Alan C. Thiel, Minneapolis, for Ferguson.

Heard before PETERSON, TODD and YETKA, JJ., and considered and decided by the court en banc.


KELLY, Justice.

This action was originally commenced by claimants Moe and Fallon against Chamberlain and The Centurion Investment Company in connection with their purchases of assignments of vendor's interests in fraudulent contracts for deed. For purposes of this appeal the parties agree that the following summary of facts in the action between Moe, Fallon, Chamberlain and The Centurion Investment Company are representative...

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