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BOND v. CHARLSON

Nos. C8-82-1501, C0-83-305.

374 N.W.2d 423 (1985)

Herbert M. BOND, Appellant, Respondent, v. Lynn L. CHARLSON, and Durance Corporation, Respondent, Appellant, and Beverly G. Scott Charlson, Defendant.

Supreme Court of Minnesota.

Rehearing Denied June 27, 1985.

Attorney(s) appearing for the Case

Gerald T. Laurie, Douglas J. Shiell, Harold J. Kinney, Minneapolis, for Bond.

Joe A. Walters, William E. Flynn, Minneapolis, Trammell, Rand, Nathan & Lincoln, Washington, D.C., for Lynn Charlson and Durance Corp.

Michael Young, Chaska, for Beverly G. Scott Charlson.

Heard, considered, and decided by the court en banc.

COYNE, Justice.

This complex commercial litigation involves claims of breach of a contract of employment, common law fraud inducing plaintiff to enter into the contract, securities fraud in violation of section 80A.01 of the Minnesota Securities Act, and breach of a majority shareholder's fiduciary obligations to a minority shareholder. The jury found that there had been breach of an employment contract and of fiduciary obligations and that one individual defendant...

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