Judge Awards Kim Lund $45.2M For Her Stake In Lunds & Byerlys

After an ugly dispute with her siblings, Kim Lund has been awarded $45.2 million for her stake in the Lunds & Byerlys grocery chain, less than the $80 million she sought but more than double the $21.3 million that the family-owned company offered her.

Kim Lund, the oldest of four Lund siblings who equally own the Twin Cities grocery chain, had sued Lunds and its CEO — her brother Russell “Tres” Lund III — to cash out of the company.

After a five-day trial in February that saw all four Lund siblings take the stand, Hennepin County Chief Judge Ivy Bernhardson ruled late Friday that Kim was the “prevailing party,” or the winner in legal terms. However, Bernhardson rejected valuations of Lunds & Byerlys made by experts for both Kim Lund and Lunds Inc., arriving at a figure in between.

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