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DT-TRAK CONSULTING, INC. v. PRUE

No. 26065.

814 N.W.2d 804 (2012)

2012 S.D. 39

DT-TRAK CONSULTING, INC., a South Dakota Corporation, Plaintiff and Appellant, v. Dan PRUE, an individual, Defendant and Appellee.

Supreme Court of South Dakota.

Decided May 23, 2012.

Attorney(s) appearing for the Case

Roger W. Damgaard , Sander J. Morehead of Woods, Fuller, Shultz and Smith, P.C., Sioux Falls, South Dakota, Attorneys for plaintiff and appellant.

Vanya S. Hogen of Jacobson, Buffalo, Magnuson, Anderson & Hogen, P.C., St. Paul, Minnesota, Attorneys for defendant and appellee.

GILBERTSON, Chief Justice.

[¶ 1.] Dan Prue sold his majority interest in DT-Trak Consulting, Inc. (DT-Trak), a medical coding business, for a lump-sum payment and several annual payments. DT-Trak withheld an annual payment, asserting that Prue had violated the Stock Purchase Agreement. The matter proceeded to arbitration. A three-member arbitration panel made an award in Prue's favor. DT-Trak sought to vacate the award...

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