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TAYLOR v. AIA SERVICES CORP.

No. 36916.

261 P.3d 829 (2011)

Reed J. TAYLOR, a single person, Plaintiff/Counterdefendant/Appellant/Cross-Respondent, v. AIA SERVICES CORPORATION, an Idaho corporation; AIA Insurance, Inc., an Idaho corporation; R. John Taylor and Connie Taylor, individually, and the community property comprised thereof; Bryan Freeman, a single person; JoLee Duclos, a single person; and James Beck and Corrine Beck, Defendants/Counterclaimants/Respondents/Cross-Appellants, and Crop USA Insurance Agency, Inc., an Idaho corporation, Defendant-Respondent, and 401(k) Profit Sharing Plan for the AIA Services Corporation, Intervenor/Cross-Appellant.

Supreme Court of Idaho, Lewiston, May 2011 Term.

September 7, 2011.

Attorney(s) appearing for the Case

Campbell, Bissell & Kirby, PLLC, Spokane, for appellant Reed J. Taylor. Roderick C. Bond argued.

Hawley, Troxell, Ennis & Hawley, Boise, for respondents AIA Services Corporation, AIA Insurance, Inc., and CropUSA Insurance Agency, Inc. D. John Ashby argued.

Quarles & Brady, LLP, Chicago, for respondent CropUSA Insurance Agency, Inc.

Risley Law office, PLLC, Lewiston, for respondents Connie Taylor, James Beck and Corrine Beck. David R. Risley argued.

Gittins Law Offices, Clarkston, for respondents JoLee Duclos and Bryan Freeman. David A. Gittins appeared.

Charles A. Brown , Lewiston, appeared for respondent 401(k) Profit Sharing Plan for the AIA Service Corporation.

R. John Taylor , Lewiston, pro se respondent.

BURDICK, Chief Justice.

On July 12, 1995, AIA Services Corporation (AIA Services) entered into a Stock Redemption Agreement with Appellant Reed Taylor to purchase all of his shares (613,494 shares) in AIA Services for a $1.5 million down payment promissory note, a $6 million promissory note and other consideration. Reed Taylor is the founder of AIA Insurance, Inc. (AIA Insurance), which is a wholly-owned subsidiary of AIA Services, and at the time he negotiated the...

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