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SEMRAD v. EDINA REALTY, INC.

No. C4-90-1976.

493 N.W.2d 528 (1992)

Joseph SEMRAD, et al., Petitioners, Appellants, v. EDINA REALTY, INC., et al., Petitioners, Respondents.

Supreme Court of Minnesota.

December 4, 1992.

Attorney(s) appearing for the Case

Jan Stuurmans, Stuurmans & Karan, P.A., Minneapolis, for appellants.

George F. McGunnigle, Nancy A. Wiltgen, Leonard, Street & Deinard, Minneapolis, for respondents.

Donald D. Smith, Thomsen & Nybeck, P.A., Edinborough Corporate Center East, Edina, amicus curiae for MN Assoc. of Realtors and Nat'l. Assoc. of Realtors.

Heard, considered, and decided by the court en banc.

COYNE, Justice.

Individual investors commenced this action against Edina Realty, Inc., and its two principal officers to recover money lost through investment dealings with Glen Marsh, an Edina Realty sales associate during the time the losses were sustained. The plaintiffs asserted claims of negligence, negligent failure to supervise, fraud, breach of fiduciary duty, sales of unregistered securities in violation of Minn. Stat. chap. 80A, Regulation of Securities...

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