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RIVERBLUFF DEV. v. INS. CO. OF N. AMERICA

No. C0-87-796.

412 N.W.2d 792 (1987)

RIVERBLUFF DEVELOPMENT COMPANY, Appellant, v. INSURANCE COMPANY OF NORTH AMERICA, et al., Coon Rapids Properties, Respondents.

Court of Appeals of Minnesota.

September 29, 1987.

Attorney(s) appearing for the Case

Jerrold M. Hartke, South St. Paul, for appellant.

Steven Z. Kaplan, Minneapolis, for Insurance Co. of North America.

Phillip J. Martini, Minneapolis, for Coon Rapids Properties.

Heard, considered and decided by RANDALL, P.J., and SEDGWICK and LANSING, JJ.

OPINION

RANDALL, Judge.

In July 1983 Riverbluff Development Company (Riverbluff) sought to cancel a purchase agreement into which it entered with respondent Coon Rapids Properties (CRP). CRP and respondent Johnson Building Company of Minneapolis (JBC) brought an action seeking specific performance and punitive and compensatory damages. CRP and JBC sought and obtained a temporary injunction, and provided the court-ordered $1,000,000 injunction bond, upon...

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