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FRANDSEN v. JENSEN-SUNDQUIST AGENCY, INC.

Nos. 85-2622, 85-2293 and 85-3190.

802 F.2d 941 (1986)

Dennis FRANDSEN, Plaintiff-Appellant, v. JENSEN-SUNDQUIST AGENCY, INC. and First Wisconsin Corporation, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided October 1, 1986.

Attorney(s) appearing for the Case

Maclay R. Hyde, Bassford Heckt Lockhart & Mullin, Minneapolis, Minn., for plaintiff-appellant.

Thomas L. Shriner, Jr., Foley & Lardner, Milwaukee, Wis., Steven C. Schroer, Faegre & Benson, Minneapolis, Minn., for defendants-appellees.

Before POSNER and FLAUM, Circuit Judges, and MAROVITZ, Senior District Judge.

POSNER, Circuit Judge.

The appeals in this diversity suit require us to consider issues of Wisconsin contract and tort law in the setting of a dispute over the rights of a minority shareholder in a closely held corporation. The facts are as follows. In 1975 Walter Jensen owned all the stock of Jensen-Sundquist Agency, Inc., a holding company whose principal asset was a majority of the stock of the First Bank of Grantsburg; Jensen-Sundquist also owned a small insurance...

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