POWELL v. MVE HOLDINGS, INC.

No. C4-00-1379.

626 N.W.2d 451 (2001)

R. Edwin POWELL, et al., Respondents, v. MVE HOLDINGS, INC., et al., Appellants, MVE Investors, LLC., et al., Defendants.

Court of Appeals of Minnesota.

May 15, 2001.


Attorney(s) appearing for the Case

James H. Kaster, Nicholas G. May, Diane M. Odeen, Nichols, Kaster & Anderson, and Eric J. Magnuson, Rider, Bennett, Egan & Arundel, LLP, Minneapolis, MN; and Paul J. Rogosheske, Thuet, Pugh, Rogosheske & Atkins, Ltd., South St. Paul, MN, (for respondents).

Robert L. DeMay, Daniel Oberdorfer, Leonard, Street & Deinard, P.A., Minneapolis, MN; and Gerald Walpin, Rosenman & Colin, LLP, New York, NY, (for appellants).

Considered and decided by G. BARRY ANDERSON, Presiding Judge, LANSING and RANDALL, Judges.


OPINION

LANSING, Judge

MVE Holdings, Inc. (Holdings), appeals from judgment and denial of its new-trial motion in a breach-of-contract action brought by R. Edwin Powell, its former employee and shareholder. The district court found that Holdings contracted to redeem Powell's stock and then breached that contract. Holdings appeals, claiming that it did not agree to redeem Powell's stock; that its president and...

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