Legal Opinion
Wenzel v. Mathies
Court of Appeals of Minnesota
Decided January 16, 1996No. C5-95-189, C1-95-190, C3-95-420 and C6-95-1044PublishedCited by 14 opinions
1Opinion of the Court
OPINION
LANSING, Judge.
This is a consolidated appeal from a jury verdict finding a holding company officer-director and a bank officer-director liable for breach of a fiduciary duty. The breach arose from a transaction in which the directors of the closely-held banking corporation doubled its outstanding shares, which they and their associates then purchased for a price substantially lower than book value.
The bank appeals the district court’s entry of judgment notwithstanding the verdict, holding the bank vicariously liable for the breach. The equitable owners of the bank’s holding company…
2Cases cited39 opinions
- Thiele v. StichSupreme Court of Minnesota · 1988
- John B. Janigan v. Frederick B. TaylorCourt of Appeals for the First Circuit · 1965
- Cherne Industrial, Inc. v. Grounds & Associates, Inc.Supreme Court of Minnesota · 1979
- Alholm v. WiltSupreme Court of Minnesota · 1986
- Lienhard v. StateSupreme Court of Minnesota · 1988
34 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Leonard v. Mylex Corp. (In Re Northgate Computer Systems, Inc.)United States Bankruptcy Court, D. Minnesota · 1999
- Duxbury v. Spex Feeds, Inc.Court of Appeals of Minnesota · 2004
- Saviano v. Westport Amusements, Inc.Court of Appeals of Washington · 2008
- Saviano v. Westport Amusements, Inc.Court of Appeals of Washington · 2008
- Iowa Supreme Court Board of Professional Ethics & Conduct v. RomeoSupreme Court of Iowa · 1996
9 more not listed; retrieve them via the Exa API.