O'Neil v. U.S. Spring Specialties, Inc.

BVLaw
Full Text of Court Cases
March 24, 1998
breach of fiduciary duty
breach of fiduciary duty

O'Neil v. U.S. Spring Specialties, Inc.
1998 Minn. App. LEXIS 341
US
State Court
Minnesota
Court of Appeals
Klaphake

Summary

Issue was whether respondents' buyout offer was fair and whether their decision to demote O'Neil was justified.

See Also

O'Neil v. U.S. Spring Specialties, Inc.

On appeal of his breach of fiduciary duty claim, O'Neil presented evidence that he left a job with another spring manufacturer to join U.S. Spring, a privately held company he characterized as a "risky" venture, and contributed capital and served as vice president.