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U.S. BANK N.A. v. COLD SPRING GRANITE CO.

No. A10-0252.

802 N.W.2d 363 (2011)

U.S. BANK N. A., et al., Appellants, v. COLD SPRING GRANITE COMPANY, et al., Respondents, and Patrick D. Alexander, Respondent.

Supreme Court of Minnesota.

September 7, 2011.

Attorney(s) appearing for the Case

Peter J. Gleekel , Craig S. Krummen , Winthrop & Weinstine, P.A., Minneapolis, MN, for appellants.

William Z. Pentelovitch , Wayne S. Moskowitz , Martin S. Fallon , Maslon, Edelman, Borman & Brand, LLP, Minneapolis, MN, for respondents Cold Spring Granite Company, et al.

Joseph W. Anthony , Cheryl A. Stanton , Anthony Ostlund Baer & Louwagie, P.A., Minneapolis, MN, for respondent Patrick D. Alexander.

OPINION

ANDERSON, G. Barry, Justice.

This case arises out of a reverse stock split in which minority shareholders were forced to accept cash in exchange for their shares. Thomas Moore, Ann McCabe, and U.S. Bank (Moores) are trustees of eight appellant family trusts (Moore Trusts) that brought suit against respondent Cold Spring Granite Company (CSG) and its chairman and CEO respondent Patrick D. Alexander after CSG stock belonging to the trusts was fractionalized...

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