New case digests and court opinions added to BVLaw

Here’s a sampling of cases we’ve added to BVLaw in the last month:

U.S. Bank, N.A. v. Cold Spring Granite Co., 788 N.W.2d 160; 2010 Minn. App. LEXIS 142 (Sept. 14, 2010)

Appellate court affirms that, absent showing of fraud, a board’s determination of fair value in the context of a reverse stock split is conclusive.

Experts: Schmidt Financial and Neil Lapidus (plaintiffs); Arthur Cobb and Jason Vavra (defendants)

Judge:  Worke

State/Jurisdiction: Minnesota

Court: Court of Appeals

Type of case:  breach of fiduciary duty

SIC code:  1423 Crushed and Broken Granite

U.S. Bank, N.A. v. Cold Spring Granite Co., 802 N.W.2d 363; 2011 Minn. LEXIS 548 (Minn. 2011) (Sept. 7, 2011)

Minnesota Supreme Court affirms that, absent showing of fraud, a board’s determination of fair value in the context of a reverse stock split is conclusive.

Experts: Schmidt Financial and Neil Lapidus (plaintiffs); Arthur Cobb and Jason Vavra (defendants)

Judge:  Anderson

State/Jurisdiction: Minnesota

Court: Supreme Court

Type of case:  breach of fiduciary duty

SIC code: 1423 Crushed and Broken Granite

Versata Software, Inc. v. SAP America, Inc., 2011 WL 4017941 (E.D. Tex.)(Sept. 9, 2011)

Court upholds $345 million lost profits/reasonable royalty award for patented software infringement based on careful market reconstruction and calculations by plaintiff’s team of four experts.

Experts: Neeraj Gupta, Chris Blackwell, Roy Weinstein (plaintiff) and Michael Wagner (defendant)

Judge:  Everingham

State/Jurisdiction:   federal/ Texas

Court: E.D. Texas

Type of case:  IP

SIC code: 7372 Prepackaged Software (software publishing)