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BEASLEY v. MEDIN

No. C0-91-866.

479 N.W.2d 95 (1992)

John BEASLEY, et al., Respondents, v. Leone MEDIN, Appellant.

Court of Appeals of Minnesota.

January 14, 1992.

Attorney(s) appearing for the Case

James T. Martin, Gislason, Martin & Varpness, P.A., Edina, for appellant.

Jeffrey G. Stephenson, John E. Yanish, Petersen, Tews & Squires, P.A., Minneapolis, for respondents.

Considered and decided by PETERSON, P.J., and FORSBERG and SHORT, JJ.

OPINION

FORSBERG, Judge.

This lawsuit arose out of the sale of stock of a closely-held corporation by appellant Leone Medin to respondents John Beasley and Laverne Kintop. Respondents sought damages for misrepresentation, breach of fiduciary duty, negligence, securities fraud, and breach of contract. They also sought rescission of the stock purchase transaction.

Following trial, the court ruled in favor of respondents on their claim for rescission...

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