Randy G. Gullickson
Top rated Business Litigation attorney in Minneapolis, Minnesota
Anthony Ostlund Louwagie Dressen & Boylan P.A.
Practice Areas: Business Litigation, Closely Held Business
Licensed in Minnesota since: 1987
Education: University of Minnesota Law School
Selected to Super Lawyers: 2002 - 2005, 2007 - 2025 Anthony Ostlund Louwagie Dressen & Boylan P.A.
3600 Wells Fargo Center90 South Seventh Street
Minneapolis, MN 55402 Phone: 612-349-6969 Email: Randy G. Gullickson Visit website
Details
Randy Gullickson focuses his complex business litigation practice on resolving shareholder and ownership disputes in closely held corporations, partnerships, and limited liability companies.
Because of his significant litigation successes in these areas, Randy also has extensive experience advising businesses and their officers, directors and shareholders on matters of corporate governance and related legal and business issues in an effort to avoid litigation.
Active in state and federal courts and in arbitration proceedings in Minnesota and throughout the country, Randy also represents clients in a broad range of other types of business disputes, including business valuation proceedings, banking matters, contract disputes, financial fraud, unfair competition claims, and employment matters.
As a result of his experience in business valuation matters, Randy served as a member of the Valuation Credentialing Board of the National Association of Certified Valuators and Analysts (NACVA), which provides business valuation training and certification to thousands of CPAs and other valuation professionals, from 2017 - 2020. Randy has lectured and written on topics involving shareholder rights, corporate governance, and business valuation issues. He has repeatedly been recognized by his peers and legal publications for his talent and results.
Randy was a 2022 Attorney of the Year Honoree in recognition for his work on the trial team that won the landmark case Jim Koch v. SKT/Koch Trucking, Randy Koch and Dave Koch in which his client received a total award of nearly $75 million, the largest total award in Minnesota history to a minority shareholder seeking damages and a court ordered “fair value” buy-out of their ownership in a Minnesota closely held company.
Client Testimonial
"When confronted with a serious business dispute, Randy came highly recommended and exceeded our expectations. He kept us out of trouble and kept us focused on the end result we sought to achieve. With his guidance, our side of the dispute was clearly advantaged in understanding the issues and making them work for us. If anyone I know has a similar circumstance, I know where to send them."
-Brian Peterson, CPA, MBT
First Admitted: 1987, Minnesota
Professional Webpage: https://www.anthonyostlund.com/randy-g-gullickson
Bar/Professional Activity:
- Member, Hennepin County Bar Association
- Member, Minnesota State Bar Association and its Private Business Governance Committee, Business Law, and Trust Law Section
- Member, Federal Bar Association, Minnesota Chapter
- Completed four-year term as Member of the Valuation Credentialing Board of the National Association of Certified Valuators and Analysts (NACVA), 2020
Verdicts/Settlements (Case Results):
- Key member of trial team that obtained $12 million jury verdict, $58 million fair value stock buy-out, and award of attorneys' fees for client minority shareholder in family trucking company., 2022
- Shareholder Disputes: In numerous shareholder disputes, successfully negotiated favorable stock buy-outs for client shareholders. Examples include: -Seven-figure buy-out of shareholder in distribution company -High six-figure buy-out of shareholder in small manufacturing business Seven-figure buy-out of shareholder in manufacturing company_Seven-figure buy-out of shareholder in technology company Recovered $8.4 million on behalf of an owner of a marketing and distribution company through settlement of litigation that arose after client was forced out of the company. , 2022
- $130 Million Verdict: Along with Joseph Anthony, obtained verdict of over $130 million in a breach of contract and fiduciary duty case for the firm’s client, PDG P.A., following a month-long jury trial in Hennepin County District Court, 2007
- $141 Million Securities Verdict: Part of trial team that successfully obtained combined $141 million verdict from a New York federal jury following a six-week securities fraud trial. The verdict represented 100% of the investors’ loss plus interest., 2008
- Banking: Obtained $726,000 verdict from a Hennepin County jury on claims by Bank client for interference with a security interest in intellectual property of a defaulting customer. The award was for 100% of client’s loss, 2014
- Trust Litigation: Obtained summary judgment dismissing multi-million dollar negligence and breach of fiduciary claims against corporate trustee in American Arbitration Association proceeding, 2014
- Unfair Competition Defense: Obtained summary judgment for former Bank officer sued by former employer for unfair competition and solicitation of bank customers, 2012
- Shareholder Claim Defense. Successful defense and dismissal of shareholder claim against majority owner of restaurant business, 2011
- Damages on Sale of Business. In an American Arbitration Association proceeding brought on behalf of a seller of a northern Minnesota resort, a claim for damages under the sales contract when the buyer subsequently sold the business without making required payments under a portion of the agreement under which the parties were to share future sales proceeds. The opposing party tendered $11,200. Prior to the arbitration hearing, Randy successfully settled the case for $360,000., 2017
- Shareholder Litigation. Recovered $8.4 million on behalf of owner of marketing and distribution company through negotiated settlement of litigation that arose after the client was forced out of the company., 2018
- Shareholder Breach of Fiduciary Duty Recovery. Obtained $320,000 arbitration award for closely-held limited liability company on breach of fiduciary duty claim against owner. Client recovered virtually all damages sought, and Arbitrator ordered defendant-owner to pay all of Client's attorneys' fees and arbitration expenses, 2017
- Shareholder Litigation. Along with Richard Ostlund, obtained a $24 million award, including interest and fees, from a Hennepin County Court in a shareholder deadlock/oppression case, 2005
- Shareholder Settlements In numerous shareholder disputes, successfully negotiated favorable stock buy-outs for client shareholders. Examples over the last several years include: seven-figure buy-out of shareholder in distribution company; high six-figure buy-out of shareholder in small manufacturing business; seven figure buy-out of shareholder in manufacturing company; seven-figure buy-out of technology company shareholder; six-figure buy-out of shareholder in construction services company.
- Contract Litigation. Obtained $13+ million dollar settlement in favor of a Minnesota-based consulting services firm responsible for storm disaster recovery efforts following the devastation of Hurrican Sandy against the State of New York and another contractor, 2016
- Minority Shareholder Trial. Following 8-day trial, obtained judgment in 2018 of over $850,000 for radiololgist, a shareholder in a local medical practice, who was terminated from his position and forced to give up his ownership interest in the company. The judgment was affirmed in all respects by the Minnesota Court of Appeals in 2019., 2019
Special Licenses/Certifications:
- Qualified Neutral under Rule 114 of the Minnesota General Rules of Practice., 2019
Pro bono/Community Service:
- Normandale Lutheran Church, Edina, MN -Past President and Executive Committee Chair -Member, Justice and Equity Task Force
- Participant, Leadership Minneapolis Program, Greater Minneapolis Chamber of Commerce
Honors/Awards:
- Selected to the “Top 40 Business Litigation Attorneys” list by Super Lawyers, 2009 - 2010
- Attorney of the Year Honoree, Minnesota Lawyer, 2022
- Recognized as a leading business litigator in Minnesota by Chambers USA, 2006 - 2007
- Peer-reviewed as “AV Preeminent” (5 out of 5) by Martindale Hubbell
- Phi Beta Kappa, University of South Dakota
- Order of the Coif, University of Minnesota Law School
Educational Background:
- J.D., magna cum laude, University of Minnesota Law School
- Hubert H. Humphrey Institute of Public Affairs, University of Minnesota
- B.S., cum laude, University of South Dakota
Scholarly Lectures/Writings:
- Lying, Cheating & Stealing CLE: Cheating on the Valuation of a Company, Speaker, Lying, Cheating & Stealing CLE: Cheating on the Valuation of a Company, 2022
- Minnesota CLE Advanced Business Law Series, Speaker, Minnesota CLE: Shareholder Litigation--Lessons Learned from the Lunds and Koch Cases, 2022
- MN NACVA Conference Presentation: Business Valuation and the Case of the Koch Brothers, Speaker, MN NACVA Conference Presentation: Business Valuation and the Case of the Koch Brothers, 2022
- Shareholder Dissension, Even Over Coffee, Attorney at Law Magazine, Twin Cities Edition, Author, "Shareholder Dissension, Even Over Coffee," Attorney at Law Magazine, Twin Cities Edition, 2016
- Litigation and Planning for Family Businesses, 2020 Probate & Trust Law Section, Speaker, Litigation and Planning for Family Businesses, 2020 Probate & Trust Law Section, 2020
- Sponsored by the University of St. Thomas, the American Society of Appraisers, and the Minnesota Association of Business Valuation Professionals, Speaker, "Business Valuation in Corporate Divorces: Is 'Fair Value' Really Fair?", 26th Annual Business Valuation Conference, 2016
- Corporate Inoculation For Director Conflicts of Interest, C-Level Magazine, Minnesota Edition, Author, Corporate Inoculation For Director Conflicts of Interest, C-Level Magazine, Minnesota Edition, 2016
- Punitive Damages: Punishment for Bad-Acting Shareholders?, Attorney at Law Magazine, Twin Cities Edition, Author, "Punitive Damages: Punishment for Bad-Acting Shareholders?" Attorney at Law Magazine, Twin Cities Edition, 2015
- Do Minority Shareholders Owe a Fiduciary Duty? It Depends., Author, "Do Minority Shareholders Owe a Fiduciary Duty? It Depends," Attorney at Law Magazine, Twin Cities Edition, Attorney at Law Magazine, Twin Cities Edition, 2014
- Presenter at 14th Annual MN Society of CPA's Business Valuation Conference: Stop the Fighting: What you Must know About Shareholder Disputes, Speaker, "Stop the Fighting: What You Must Know About Shareholder Disputes," 14th Annual MN Society of CPA's Business Valuation Conference:, 2014
- Is “Fair Value” Really Fair?, Author, "Is 'Fair Value' Really Fair?" Attorney at Law Magazine – Twin Cities Edition, Attorney at Law Magazine – Twin Cities Edition, 2013
- Presenter at 11th Annual MN Society of CPA's Business Valuation Conference: Corporate Divorce: The Role of Business Valuation in Resolving Shareholder Disputes, Speaker, Corporate Divorce: The Role of Business Valuation in Resolving Shareholder Disputes, 11th Annual MN Society of CPA's Business Valuation Conference, 2011
- Shareholder Buy/Sell Agreements, Minnesota State Bar Association (MN CLE), Speaker, Shareholder Buy/Sell Agreements, Minnesota State Bar Association (MN CLE), 2011
- Corporate Governance, Minnesota State Bar Association, Family and Closely Held Business Conference (MN CLE), Speaker, Corporate Governance, Minnesota State Bar Association, Family and Closely Held Business Conference (MN CLE), 2009
- Litigating Shareholder Disputes, Minnesota State Bar Association, Family and Closely Held Business Conference (MN CLE), Speaker, Litigating Shareholder Disputes, Minnesota State Bar Association, Family and Closely Held Business Conference (MN CLE), 2008
- Minnesota State Bar Association, Resolving Minority Shareholder Disputes (MN CLE), Speaker, Remedies: What Are We Fighting For?, 2008
- Minnesota State Bar Association, Advanced Executive (and Key Employee) Law (MN CLE), Speaker, Special Issues Involving Executives in Privately Held Companies: The Impact of Minority Shareholder Disputes, 2007
- Developments in the Law of Corporate Divorce, The Rights and Remedies of Minority Shareholders, Author, Developments in the Law of Corporate Divorce: The Rights and Remedies of Minority Shareholders, Business Law News, MSBA Business Law Section, 2001
Office location for Randy G. Gullickson
3600 Wells Fargo Center
90 South Seventh Street
Minneapolis, MN 55402
Selections
23 Years Super Lawyers
- Super Lawyers: 2002 - 2005, 2007 - 2025