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SMITH ANGUS RANCH, INC. v. HURST

#29395.

962 N.W.2d 626 (2021)

2021 S.D. 40

SMITH ANGUS RANCH, INC. (SAR), Plaintiff and Appellee, v. Travis HURST, as an alleged Director of SAR, and as an Individual, Defendant, Third-Party Plaintiff and Appellant, v. Craig Smith and Lance Smith, Third-Party Defendants.

Supreme Court of South Dakota.

OPINION FILED July 14, 2021.

Attorney(s) appearing for the Case

MICHAEL K. SABERS , TRAVIS B. JONES of Clayborne, Loos & Sabers, LLP, Rapid City, South Dakota, Attorneys for plaintiff and appellee.

MATTHEW E. NAASZ , DAVID LUST of Gunderson, Palmer, Nelson & Ashmore, LLP, Rapid City, South Dakota, Attorneys for defendant, third-party plaintiff and appellant.

[¶1.] Smith Angus Ranch Inc. (SAR), a South Dakota corporation, brought an action alleging Travis Hurst (Travis) wrongfully acquired SAR assets and made improper purchases using SAR funds while serving as a director and officer of SAR. The complaint alleged breach of fiduciary duty and self-dealing, among other claims...

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