Rich Ostlund began practicing in 1982 and founded the successful Private and Family Litigation Group while a partner at 180 lawyer Lindquist & Vennum where he practiced for 19 years, the last 6 as a managing partner. He joined Anthony Ostlund Baer & Louwagie as a principal in 2001. Mr. Ostlund specializes in litigating business cases including shareholder, corporate governance, intellectual property, business disparagement/anti-trust and employment matters in which over the past five years he has obtained multiple verdicts and settlements from $6 million to $73 million.
Mr. Ostlund has had significant success in a wide range of commercial litigation. Within the past 4 years he has received a $24 million verdict in a breach of fiduciary duty-financial fraud litigation, a $23 million recovery in medical device patent litigation in the Eastern District of Texas, multiple recoveries between $3 and $11 million in employment litigation matters, summary judgment in favor of a publically held Phoenix Arizona bank dismissing a $12.5 million breach of fiduciary duty claim against the company and its officers and directors, recovery of $73 million during April 2009 in financial and construction-developer fraud litigation in California, and $62 million in a family business valuation case in August 2009. In part as a result of representing several private equity groups owning a wide variety of businesses and companies with multi-state operations, Mr. Ostlund has gained broad experience in multiple disciplines while handling litigation for business clients in many jurisdictions across the United States since 1982.
Mr. Ostlund has been selected as one of the leading trial lawyers in Minnesota. He has for many years been selected as a “Best Lawyer in America” and a “Superlawyer” in peer-based annual selections.
In late 2009, Mr. Ostlund was selected by Minnesota Lawyer as 2009 Minnesota Lawyer of the Year based on his recovery of $73 and $62 million in cases during 2009 and on his work as Chairman of the University of Minnesota Amplatz Children’s Hospital Philanthropic Board, where he is chairing the Board’s $175 million charitable campaign to benefit children’s health research programs at the Amplatz Children’s Hospital and the University of Minnesota.
Mr. Ostlund’s recent and current civic and community activities include:
- Chairman of the University of Minnesota Amplatz Children’s Hospital Philanthropic Board;
- Trustee of the University of Minnesota Medical Foundation;
- Director of the Minneapolis American Automobile Association (“AAA”);
- Director and Chairman of the University Pediatrics Foundation;
- Metropolitan area representative to the Minnesota Judicial Selection Committee which screens and recommends individual judicial candidates for appointment by Minnesota Governor Pawlenty;
- Director of RTP Company, a privately held multinational plastic compounding business; and
- Director of Bridge Funds, Ltd., a finance company
- Appellate Effective Evidentiary Objections – Hennepin County Bar Association
- "Lying, Cheating and Stealing," - Minnesota Institute of Legal Education Securities Law Seminar on Shareholder Litigation Issues
- "Investors Rights in the 1990s"
- Mergers and Acquisitions - Minnesota Institute of Legal Education
- Minority Shareholder Disputes - Minnesota Institute of Legal Education
- Evidence Developing Strategies for Success - Minnesota Institute of Legal Education
- Shareholder Disputes: The Trial Lawyers Perspective - Minnesota Institute of Legal Education
- "Practical and Ethical Considerations for the Lawyer as Director, Officer, Investor," - National Practice Institute Concerning Professional Education Seminar
- "Records in Corporate Litigation," - Minnesota Institute of Legal Education
- "Valuation Cases from a Lawyers Perspective," - Minnesota Institute of Legal Education Securities Law Seminar
- "Shareholder Disputes and Litigation," - Minnesota Institute of Legal Education CLE
- "Employment Issues in Shareholder Disputes," - Minnesota Institute of Legal Education Securities Law Seminar
- "Preventing, Litigating & Managing Minority Shareholder Disputes," - Minnesota Institute of Legal Education Securities Law Seminar
- "Securities Law for Non-Securities Lawyers," - 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," - Minnesota Institute of Legal Education - Securities Law Seminar
- "Into the Looking Glass: Litigation Under Chapter 302A," - Minnesota State Bar Association Business Law Institute Seminar
- "Valuing Corporate Stock in Litigation," - Minnesota Institute of Legal Education Seminar on Minority Shareholders
- "Litigating Under Section 302A.751," - Minnesota State Bar Association Business Law Section Seminar
- "Resolution of Conflict in the Closely Held Corporation," Video Seminar - American Law Institute, Philadelphia, Pennsylvania
- "Valuation Issues in Shareholder Litigation," - Continuing Accounting Education Seminar
- "Operating a Small Business: Answers to Common Legal Questions," - IMPACT
- "Ownership and Management Planning for the Privately Owned Bank," - Minnesota Financial Group
- "Breaking Up is Hard to Do: Shareholder Transitions and Disputes in Closely Held Corporations," - Small Business Expo
- "Shareholder Litigation" - Hamline Law School
Bachelor of Arts from Saint John's University (1979); Juris Doctor from University of Minnesota (cum laude, 1982). Admitted to the Minnesota bar in 1982.
Anthony, Brooke D.
Anthony, Joseph W.
Baer, Norman J.
Dressen, Janel M.
Gullickson, Randy G.
Hall, Dan R.
Hartman, Aaron R.
Kaplan, Philip J.
Kerbaugh, Steven C.
Knoblauch, Mary L.
Louwagie, Vincent D.
Merrill, Courtland C.
Olson, Cory D.
Ostlund, Richard T.
Phillips, Steven M.
Pincus, Steven M.
Rowell, Kristin B.