Buchen v. Wisconsin Tobacco Co.

On or about July 18, 1967, Scotten, Dillon acquired from Ralph R. Power and James E. Buchen all the outstanding voting common stock of Wisconsin Tobacco. At the time of sale, Power was the president, chief executive officer and director of Wisconsin Tobacco; Buchen was vice-president, chief operating officer and director; and Lynn E. Tryggestad was the plant and warehouse manager. Power, Buchen and Tryggestad occupied these positions with Wisconsin Tobacco until December, 1970. December 10, 1970, they were notified that the board of directors of Scotten, Dillon voted to terminate their…