Richard Ostlund is a litigator and business counselor who for over twenty years has specialized in resolving commercial disputes, including shareholder, partnership, trust, employment, valuation, and tax matters. As a business counselor, Mr. Ostlund's experience as both a corporate director and business litigator helps clients avoid the serious pitfalls presented by these problematic disputes. Since 1982, he has obtained more successful decisions in corporate governance, shareholder, and partnership disputes from the Minnesota Court of Appeals, Minnesota Supreme Court, and Eighth Circuit Court of Appeals than virtually any other Minnesota lawyer. Mr. Ostlund's experience includes representations in numerous cases in the several million dollars to over $850 million range.
Mr. Ostlund founded the successful Private and Family Litigation Group while a partner at Lindquist & Vennum, one of Minnesota's largest firms, where he practiced from 1982 until 2001. Mr. Ostlund joined Anthony Ostlund Baer Louwagie & Ross as a principal in May 2001 to employ a complex litigation boutique firm setting to further enhance the depth of specialized talent needed to effectively resolve the wide range of private and family business, corporate governance, business succession and employment issues he handles around the nation. Unique expertise developed over two decades, a record of consistent success, and the focused nature of Anthony Ostlund Baer Louwagie & Ross's litigation-based practice, also make Mr. Ostlund and the firm a favored selection throughout the Midwest for providing quality, independent representation when a client's general business or personal counsel is prevented by an ethical conflict from representing the differing owners or interests in such private or family business ventures.
Mr. Ostlund practices extensively in the area of shareholder, corporate governance, partnership, trust, and tax disputes arising in state and federal courts around the nation. He successfully litigated several precedential state and federal court reported trial and appellate decisions defining shareholder rights, including Amatuzio v. Amsoil, Kelley v. Scheherazade, Johnson v. Dolphin, Foy v. Klapmeier, Miller Waste Mills, Inc. v. Mackay, and Gunderson v. Alliance of Computer Professionals, Inc.
Mr. Ostlund has a distinguished track record of success. Most recently:
- In a case tried in Los Angeles, California in June 2002, Mr. Ostlund received a directed verdict in favor of Horizon Waste Services, Inc. dismissing $650,000 in claims brought by three former company employees. In addition, Horizon was awarded $46,000 on its counterclaims.
- Mr. Ostlund received on behalf of the firm's client an award of $6,500,000 in a marital dissolution proceeding tried before the District Court in Jackson Hole, Wyoming. The majority of the award in Bell vs. Bell, et al. was based on a contested appraisal of a complex, privately-held business.
- In the past two year, Mr. Ostlund successfully resolved cases in which his clients recovered over $30,000,000 and $3,000,000, respectively, and defended tax court litigation in which the government sought over $600,000,000 from his client.
- Mr. Ostlund was recently featured as a guest commentator on corporate shareholder legal disputes on KCCO radio, the all-business news network founded in the Twin Cities by WCCO AM. Mr. Ostlund is scheduled to be a regular commentator on corporate litigation issues for KCCO.
- In 2003, Mr. Ostlund was selected by the Governor of the State of Minnesota to serve a four-year term as the Fourth Judicial District (Hennepin County) representative to the statewide Judicial Selection Committee which screens and recommends all candidates for appointment to Minnesota's trial and appellate courts.
Teaching Experience
- Mergers and Acquisitions - 3/2003 - Minnesota Institute of Legal Education
- Minority Shareholder Disputes - 11/2002 and 4/2001 Minnesota Institute of Legal Education
- Evidence Developing Strategies for Success - 10/2002 - Minnesota Institute of Legal Education
- Shareholder Disputes: The Trial Lawyers Perspective - 3/2000 Minnesota Institute of Legal Education
- "Practical and Ethical Considerations for the Lawyer as Director, Officer, Investor," - 5/1999 National Practice Institute Concerning Professional Education Seminar
- "Records in Corporate Litigation," - 4/1999 Minnesota Institute of Legal Education
- "Valuation Cases from a Lawyers Perspective," - 4/1999 Minnesota Institute of Legal Education Securities Law Seminar
- "Shareholder Disputes and Litigation," - 1/1999 Minnesota Institute of Legal Education CLE
- "Employment Issues in Shareholder Disputes," - 4/1998 Minnesota Institute of Legal Education Securities Law Seminar
- "Preventing, Litigating & Managing Minority Shareholder Disputes," - 1/1997 Minnesota Institute of Legal Education Securities Law Seminar
- "Securities Law for Non-Securities Lawyers," - 3/1996 Minnesota Institute of Legal Education Securities Law Seminar co-chair
- "The Rules of Engagement - A Players Guide to Lying, Cheating and Stealing Among Shareholders of Closely Held Businesses," 12/1995 Minnesota Institute of Legal Education Securities Law Seminar
- "Into the Looking Glass: Litigation Under Chapter 302A," - 5/1995 Minnesota State Bar Association Business Law Institute Seminar
- "Valuing Corporate Stock in Litigation," - 1/1995 Minnesota Institute of Legal Education Seminar on Minority Shareholders
- "Litigating Under Section 302A.751," - 1/1995 Minnesota State Bar Association Business Law Section Seminar
- "Resolution of Conflict in the Closely Held Corporation," Video Seminar - 1/1994 American Law Institute, Philadelphia, Pennsylvania
- "Lying, Cheating and Stealing," - 12/1993 Minnesota Institute of Legal Education Securities Law Seminar on Shareholder Litigation Issues
- "Valuation Issues in Shareholder Litigation," - 10/1993 Continuing Accounting Education Seminar
- "Operating a Small Business: Answers to Common Legal Questions," - 12/1991 IMPACT
- "Investors Rights in the 1990s," - 9/1991
- "Ownership and Management Planning for the Privately Owned Bank," - 11/1990 Minnesota Financial Group
- "Breaking Up is Hard to Do: Shareholder Transitions and Disputes in Closely Held Corporations," - 10/1990 Small Business Expo
- "Shareholder Litigation" - 10/1987 Hamline Law School
Publications
- "Justice Versus Windfall: When is Value Fair among Private Corporation Shareholders," Minnesota State Bar Association Business Law Section, 3/1998
Professional Activities
Mr. Ostlund is a member of the Minnesota Bar Association, Hennepin County Bar Association, and the Federal Bar Association.
Education
Bachelor of Arts from Saint Johns University (1979); Juris Doctor from University of Minnesota (cum laude, 1982). Admitted to bar, 1982.
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Anthony, Joseph W.
Awsumb, Shannon
Baer, Norman J.
Boraas, Karlyn Vegoe
Chung, Augustine S.
Dressen, Janel M.
Geer, Jason E.
Gullickson, Randy G.
Hartman, Aaron R.
Knoblauch, Mary L.
Louwagie, Vincent D.
Merrill, Courtland C.
Moilanen, Robert C.
Olson, Cory D.
Orenstein, John B.
Ostlund, Richard T.
Phillips, Steven M.
Pincus, Steven M.
Ross, Jeff I.
Stanton, Cheryl A.
Wisser, Mark D. |
Paralegals 
