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MINNEAPOLIS EMP. RET. v. ALLISON-WILLIAMS

No. C6-93-844.

519 N.W.2d 176 (1994)

MINNEAPOLIS EMPLOYEES RETIREMENT FUND, et al., Respondents, v. ALLISON-WILLIAMS COMPANY, et al., Petitioners, Appellants.

Supreme Court of Minnesota.

June 30, 1994.

Attorney(s) appearing for the Case

Terrance J. Fleming and Randy G. Gullickson, Lindquist & Vennum, Minneapolis, for appellants.

James B. Lynch, J. Thomas Vitt and David Ranheim, Dorsey & Whitney, Minneapolis, for respondents.

Considered and decided by the court en banc.

OPINION

TOMLJANOVICH, Justice.

At issue is whether the district court properly granted summary judgment to appellants Allison-Williams and Robert Tengdin on claims by respondent Minneapolis Employees Retirement Fund ("MERF") that appellants violated the Minnesota Securities Act and were negligent in connection with the sale of securities to MERF.1 The court of appeals held that material issues of fact precluded entry of summary...

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