Legal Opinion
Kennedy v. Flo-Tronics, Inc.
Supreme Court of Minnesota
Decided June 24, 1966No. 39994PublishedCited by 20 opinions
1Opinion of the Court
Otis, Justice.
This is an appeal from a judgment against defendants for $15,000 arising out of alleged misrepresentations made to plaintiff concerning the future value of corporate stock.
The contract out of which this litigation arose was entered February 23, 1961. By its terms plaintiff transferred to defendant Flo-Tronics, Inc., all of the assets in a business he was conducting under the name of Kenco Plastics, in return for which plaintiff received 4,000 shares of stock in Flo-Tronics, having a market value of $8.50 per share. Under the contract, plaintiff was obliged to retire the debts he…
2Cases cited8 opinions
- Spiess v. BrandtSupreme Court of Minnesota · 1950
- Stark v. Equitable Life Assurance Society of United StatesSupreme Court of Minnesota · 1939
- Hedin v. Minneapolis Medical & Surgical InstituteSupreme Court of Minnesota · 1895
- Hollerman v. F. H. Peavey & Co.Supreme Court of Minnesota · 1964
- Shema v. Thorpe Bros.Supreme Court of Minnesota · 1953
3 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Midland National Bank of Minneapolis v. PerranoskiSupreme Court of Minnesota · 1980
- Janice S. Hope v. Mirek KlabalCourt of Appeals for the Eighth Circuit · 2006
- Parkhill v. Minnesota Mutual Life InsuranceDistrict Court, D. Minnesota · 2000
- Clements Auto Co. v. Service Bureau Corp.Court of Appeals for the Eighth Circuit · 1971
- Ransom v. VFS, Inc.District Court, D. Minnesota · 2013
15 more not listed; retrieve them via the Exa API.