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Greene Espel Files Suit to Enforce Rights of Buyers of Bremer Financial Corporation Stock

On December 13, 2019, Greene Espel filed an action for purchasers of $9 million in Bremer Financial Corporation stock, demanding that Bremer register them as shareholders and recognize the conversion of their stock to voting shares.  The buyers purchased from the Otto Bremer Trust.  Bremer contends that the Trust did not have authority to sell.

The case is part of a bitter public battle between Bremer Financial Corporation and the Trust, which has spawned a group of cases in Ramsey County and an investigation by the Minnesota Attorney General’s office.

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