Lonesome Dove Petroleum, Inc. v. Nelson

SANDSTROM, Justice.

[¶ 1] Charles Schreiner 'Nelson appeals from a judgment finding Nelson and Lonesome Dove Petroleum, Inc. (“Lonesome Dove”) had entered into a valid contract for redemption of Nelson’s shares in the company and finding no breath of a fiduciary duty owed to Nelson. Concluding the trial court’s findings of fact are not clearly erroneous, we affirm.

I

[¶ 2] Lonesome Dove was formed in 1993. Nelson and Michael Flinn each provided approximately half of the original $80,000 capital contribution, and each received one-third of the stock. The remaining one-third was held by Susanne…