SNAPS Holding Company v. Leach

Kapsner, Justice.

[¶ 1] Jim Leach and Elizabeth Leach appeal a district court judgment awarding money damages to SNAPS Holding Company after ruling they breached a stock purchase agreement with SNAPS. SNAPS cross-appeals from the dismissal of its breach of contract claims against Jim Leach and Steve Leach. We affirm in part, reverse in part, and remand.

I

[¶ 2] Jim Leach was the chief operating officer and majority shareholder of IDA of Moorhead Inc,, a corporation he created to manufacture electronic communications equipment. Jim Leach’s wife, Elizabeth Leach, and his son, Steve Leach, also…