Legal Opinion
Pooley v. Mankato Iron & Metal, Inc.
Court of Appeals of Minnesota
Decided March 22, 1994No. C8-93-1901PublishedCited by 5 opinions
1Opinion of the Court
OPINION
FORSBERG, Judge.
Appellant Terry Pooley sued Mankato Iron & Metal (Mankato) and respondents Gregory and Ronald Pooley for violating the Minnesota Business Corporation Act. See Minn.Stat. §§ 302A.001-302A.917. The trial court found that respondents, as directors of Man-kato’s board, unfairly prejudiced appellant by freezing him out of a business in which he reasonably expected to participate.
The trial court found that the value of appellant’s shares was $630,000 and was not to be discounted due to the shares’ minority status. It ordered respondents to buy out appellant’s shares for this…
2Cases cited6 opinions
- Jack Frost, Inc. v. Engineered Building Components Co.Supreme Court of Minnesota · 1981
- MT Properties, Inc. v. CMC Real Estate Corp.Court of Appeals of Minnesota · 1992
- State v. PoganskiSupreme Court of Minnesota · 1977
- City of Cloquet v. Cloquet Sand & Gravel, Inc.Supreme Court of Minnesota · 1977
- Clark v. ClarkSupreme Court of Minnesota · 1979
1 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Balsamides v. Protameen Chemicals, Inc.Supreme Court of New Jersey · 1999
- Royals v. Piedmont Electric Repair Co.Court of Appeals of North Carolina · 2000
- Wenzel v. MathiesCourt of Appeals of Minnesota · 1996
- Gabler v. FedorukCourt of Appeals of Minnesota · 2008
- Gabler v. FedorukCourt of Appeals of Minnesota · 2008