Berreman v. West Publishing Company
Minnesota Court of Appeals
615 N.W. 2d 362 (2000)
Thomas Berreman (plaintiff) worked for West Publishing Company (West) (defendant) for almost 25 years before announcing his planned retirement for June 1, 1995. Berreman’s last day at West was May 31, 1995. The following day, West redeemed Berreman’s stock at the current book value of $2,088 per share, totaling approximately $2,800,000. On May 17, 1995, before Berreman retired, three executives from West had met with an investment bank to discuss West’s future financial options, including the potential sale of West. Several days after the discussion, the West board met, discussed potential acquisitions of West, and authorized the investment bank to explore financing options. In August 1995, West announced that it had engaged investment bankers and was considering several options, including an acquisition. In February 1996, West entered into a merger agreement with Thomson Corporation (Thomson). Thomson paid $10,445 per share to acquire West, which was almost five times the amount for which Berreman had sold his stock back to West when he retired. Berreman filed suit against West, alleging that West had a duty to disclose to him that the directors were considering selling West. The trial court granted summary judgment to West on all claims. Berreman appealed.
Rule of Law
Holding and Reasoning (Lansing, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 177,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,000 briefs, keyed to 188 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.