Anderson v. Jensen Racing, Inc.

*573GRABER, J.

Plaintiffs, along with defendant Donna Jensen, are owners of the Portland Meadows Race Track (Portland Meadows). Donna Jensen is the principal in Jensen Racing, Inc. (JRI). JRI operated Portland Meadows from 1984 to 1989 under a 1984 “Fourth Amendment and Restatement of Operating Agreement” (the agreement). In 1991, after an intervening operator’s bankruptcy, JRI assigned its interest in the agreement to defendant New Portland Meadows, Inc. (NPM). After various disputes arose, plaintiffs (the track’s owners) brought the present action against Jensen, JRI, and NPM (the track’s…