YETKA, Justice.
This appeal comes directly from a decision of the Hennepin County District Court denying a motion for partial summary judgment brought by appellants. The appellants, who were defendants below, sought to have plaintiffs' claim for securities fraud dismissed on the grounds that the Minnesota Securities Act, Minn.Stat. §§ 80A.01-.31 (1986), did not apply to an arms-length, directly negotiated transfer of stock between co-employees and equal...
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