South Dakota Supreme Court upholds buyout in Wisconsin beef jerk - WAOW - Newsline 9, Wausau News, Weather, Sports

South Dakota Supreme Court upholds buyout in Wisconsin beef jerky case

PIERRE, S.D. (AP) -- The South Dakota Supreme Court says a subsidiary of one of the world's largest beef jerky companies must pay a son of the company's founder $16.5 million for his shares of the South Dakota subsidiary.

The dispute involves the family that owns Link Snacks Inc., which is based in Wisconsin.

Jay Link, a son of Link Snacks founder Jack Link, contends he was unfairly cut out of the business by his father and brother Troy Link. A Wisconsin case set the amount that Jay Link will get for his share of the main company.

The South Dakota decision upholds a circuit judge's ruling on how much Jay Link will get for his share of LSI Inc., which is based in Alpena. He had argued he should be paid more.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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