Minneapolis Employees Retirement Fund v. Allison-Williams Co.

OPINION

TOMLJANOVICH, Justice.

At issue is whether the district court properly granted summary judgment to appellants Allison-Williams and Robert Tengdin on claims by respondent Minneapolis Employees Retirement Fund (“MERF”) that appellants violated the Minnesota Securities Act and were negligent in connection with the sale of securities to MERF. 1 The court of appeals held that material issues of fact precluded entry of summary judgment on both claims, 508 N.W.2d 805. We reverse the court of appeals and reinstate summary judgment in favor of Allison-Williams and Robert Tengdin. 2

MERF is a…