Family business expert Bill English provided some valuable, fresh perspective on the messy family fight taking place within Minnesota grocery chain Lunds & Byerlys this morning while talking with WCCO-AM radio host Cory Hepola.
Here’s an excerpt from a StarTribune story about the situation: “Kim Lund is urging the Minnesota Supreme Court to dismiss a claim by grocery company Lunds Inc. to overturn a $45 million award to her, saying it presented no new or unique legal arguments.
The filing this week is the latest missive in an ugly legal dispute between Kim Lund and her three younger siblings — led by Russell “Tres” Lund. At issue is Kim Lund’s quest to cash out her one-quarter stake in Lunds Inc., which owns the Lunds & Byerlys supermarket chain.
Kim Lund’s filing said both the district and appeals courts took “measured and well-considered efforts … to fairly and permanently bring this family business tragedy to an end, while assuring the long-term viability of the Lund family businesses.”
The Supreme Court will likely decide this spring whether to review the case. The court on average agrees to hear only 12 to 13 percent of the petitions it receives annually…”