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PETERSON v. DOUGHERTY DAWKINS, INC.

Civil No. 970321.

583 N.W.2d 626 (1998)

1998 ND 159

Craig PETERSON, as Personal Representative of the Estate of Grace Gregerson, Wencil Dusek, John Schafer, Art Merkel, Dean Nelson, Albin Sherve and Alvhild Sherve for themselves and on behalf of all others similarly situated, Plaintiffs and Appellees, v. DOUGHERTY DAWKINS, INC., f/k/a Dougherty Dawkins, Strand and Bigelow f/k/a Dougherty, Strand and Yost Incorporated, a Minnesota Corporation, Defendant and Appellant.

Supreme Court of North Dakota.

August 20, 1998.

Attorney(s) appearing for the Case

Rebecca Heigaard McGurran (argued), of David C. Thompson, Grand Forks, and Craig A. Peterson (appearance), of Peterson Law Office, Fargo, for plaintiffs and appellees.

Gregory J. Schaefer (argued), and Frank A. Taylor, of Hinshaw & Culbertson, Minneapolis, MN, and Michael M. Thomas (appearance), of Conmy, Feste, Bossart, Hubbard & Corwin, Ltd., Fargo, for defendant and appellant.

MARING, Justice.

[¶ 1] Dougherty Dawkins, Inc. (Dougherty) appeals from an order certifying a class action and from an order denying its motion for reconsideration. We affirm.

[¶ 2] In 1986 the City of Fargo issued MIDA bonds to finance the renovation of the Black Building in downtown Fargo. Under MIDA bond financing, the city holds record title to the property as a conduit for the private developer and leases the property back to the developer with...

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