Kuhns v. Scott

Appellant Eldon E. Kuhns (Kuhns) appeals an order of the Thirteenth Judicial District. Court, Yellowstone County, granting summary judgment to respondents Thomas W. Scott (Scott) and First Interstate Bancsystem of Montana, Inc. (FIBM). We affirm.

On November 19, 1984, respondent Scott, as president and chief executive officer of Security Banks of Montana, Inc. (now First Interstate Bancsystem of Montana, Inc.) executed an agreement to buy all of the issued and outstanding shares of Montana Bancsystem, Inc. (MBI) for $36 million. Kuhns was MBI’s principal shareholder. The transaction, described…