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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Bjorklund v. Bjorklund Trucking, Inc., 753 N.W.2d 312 (2008)

Citation
Bjorklund v. Bjorklund Trucking, Inc., 753 N.W.2d 312 (2008)
Parent Document
Bjorklund v. Bjorklund Trucking, Inc., 753 N.W.2d 312 (2008)
Jurisdiction
Minnesota (state)
Effective Date
2008-07-22

Other Sections in This Document (54)

Full Text

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In June 2005, BTI’s attorney wrote to Frost, asking that Bjorklund fulfill his agreement to transfer the properties to BTI. Bruce Bjorklund, at the time an officer and director of BTI, took the position that Bjorklund never promised to transfer the Scott County and Wright County properties to BTI, causing a rift in BTI’s management as well as within the family. In October 2005, Bruce Bjorklund sued BTI, Bjorklund, and the Sapatnekars in Wright County District Court, alleging in part that BTI had not afforded him certain shareholder preemptive rights to the two shares purchased by Sunil Sapatnekar. BTI cross-claimed against Bjorklund, alleging breach of contract, unjust enrichment, promissory estoppel, fraud, and misappropriation of corporate assets, and seeking specific performance of the alleged contractual obligation to transfer title to the properties to BTI.