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

Business Valuation UpdateVol. 4 No. 5
Legal and Court Case Update
May 1998
breach of fiduciary duty
breach of fiduciary duty

O'Neil v. U.S. Spring Specialties, Inc.
1998 Minn. App. LEXIS 341
March 24, 1998
US
State Court
Minnesota
Court of Appeals
Klaphake

Summary

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.

See Also

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

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