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SEMRAD v. EDINA REALTY, INC.

No. C4-90-1976.

470 N.W.2d 135 (1991)

Joseph SEMRAD, et al., Appellants, v. EDINA REALTY, INC., et al., Respondents.

Court of Appeals of Minnesota.

Review Granted August 2, 1991.

Attorney(s) appearing for the Case

Jan Stuurmans, Stuurmans & Karan, P.A., Minneapolis, for appellants.

George F. McGunnigle, Jr., Nancy Wiltgen Reibert, Leonard, Street and Deinard, Minneapolis, for respondents.

Donald D. Smith, Thomsen & Nybeck, P.A., Edina, for amicus Minnesota Ass'n of Realtors.

Considered and decided by LANSING, P.J., and HUSPENI and DAVIES, JJ.

OPINION

HUSPENI, Judge.

Glen Marsh, a real estate salesperson working for respondent Edina Realty, Inc., sold appellants contract equity funding notes (CEFNs) and other investments which later became worthless. Appellants sued respondent Edina Realty, Inc. and its president and vice-president, respondents Roger Rovick and David Rovick, for fraud, negligence, breach of fiduciary duty, deceptive trade practices...

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