Sterling Capital Advisors, Inc. v. Herzog

OPINION

HARVEY A HOLTAN, * Judge.

Appellant contends the district court erred when it granted summary judgment for respondents on appellant’s tort and contract claims arising out of a brokerage contract for the sale of a holding company. We .affirm.

FACTS

Respondents John Cobb and Raymond and Jane Herzog are the major stockholders (87%) of a holding company named Financial Services of St. Croix Falls, Inc., which owns the First National Bank of St. Croix Falls (the bank). In early 1995, John Cobb’s son, respondent Michael J. Cobb (Cobb), contacted appellant Sterling Capital Advisors, Inc.…