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LEWY 1990 TRUST v. INV. ADVISORS

No. C6-02-416.

650 N.W.2d 445 (2002)

Glen LEWY 1990 TRUST, By Its Trustees Cheryl LEWY and Janice Winter, on behalf of the Class described in the Amended Complaint, Appellants, v. INVESTMENT ADVISORS, INC., et al., Respondents.

Court of Appeals of Minnesota.

September 3, 2002.

Attorney(s) appearing for the Case

Richard A. Lockridge, Gregg M. Fishbein, Gregory J. Myers, Lockridge Grindal Nauen P.L.L.P., Minneapolis, for appellants.

Charles F. Webber, Karen E. Wilson, Deborah A. Ellingboe, Faegre & Benson LLP, Minneapolis, for respondents.

Considered and decided by LANSING, Presiding Judge, KALITOWSKI, Judge, and SCHUMACHER, Judge.

OPINION

LANSING, Judge.

The trustees of a family trust moved for class certification in their breach-of-fiduciary-duty action against a mutual fund management company and its principals. The district court denied certification. The trustees appeal, arguing that the undisputed facts establish that they have met the certification requirements in Minn. R. Civ. P. 23 and that the district court abused its discretion in denying their motion to amend the complaint...

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