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FOY v. KLAPMEIER

Nos. 92-1244, 92-1344 and 92-1811.

992 F.2d 774 (1993)

John T. FOY, Individually and derivatively as a shareholder of JEK Industries, Inc., Plaintiff-Appellee, v. James KLAPMEIER, a resident of Minnesota; Boatel Industries; JEK Industries, a Minnesota corporation; Klapmeier Management, a Minnesota corporation, Defendants-Appellants. Boatel Catamaran, a Minnesota corporation, Defendant. JEK INDUSTRIES, Plaintiff-Appellant, v. John Thomas FOY, Defendant-Appellee. John T. FOY, Individually and derivatively as a shareholder of JEK Industries, Inc., Plaintiff-Appellant, v. James KLAPMEIER, a resident of Minnesota; Boatel Industries; JEK Industries, a Minnesota corporation; Klapmeier Management, a Minnesota corporation, Boatel Catamaran, a Minnesota corporation, Defendants-Appellees. John Thomas Foy, Plaintiff-Appellant, JEK Industries, Defendant-Appellee. John T. FOY, Individually and derivatively as a shareholder of JEK Industries, Inc., Plaintiff-Appellee, v. James KLAPMEIER, a resident of Minnesota; Boatel Industries; JEK Industries, a Minnesota corporation; Klapmeier Management, a Minnesota corporation, Defendants-Appellants. Boatel Catamaran, a Minnesota corporation, Defendant.

United States Court of Appeals, Eighth Circuit.

Decided May 3, 1993.

Attorney(s) appearing for the Case

Eric J. Magnuson (argued), Richard J. Nygaard and Stephen K. Warch, Minneapolis, MN, appeared on the brief, for appellant.

Richard T. Ostlund, Minneapolis, MN, argued, for appellee.

Before McMILLIAN, Circuit Judge, FRIEDMAN, Senior Circuit Judge, and MORRIS SHEPPARD ARNOLD, Circuit Judge.

McMILLIAN, Circuit Judge.

Appellants James E. Klapmeier, JEK Industries, Inc. (JEK), Boatel Industries, Inc. (Boatel), and Klapmeier Management Co. appeal from a final judgment of the United States District Court for the District of Minnesota1 awarding appellee John T. Foy $240,000.00 as the fair value of his five percent shareholder interest in JEK and costs, attorney's fees of $146,328.61, and prejudgment interest in the amount of $77...

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